GRE Renew Enertech IPO GMP today is Rs -9. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
GRERENEWENERTECH
GRE Renew Enertech IPO GMP, Subscription & Allotment Status Today
GRE Renew Enertech is a SME IPO with a price band of Rs 100.00 to Rs 105.00 that listed on 21 Jan 2026 at a listing gain of -8.57%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹100.00 - ₹105.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 16 Jan 2026
- Listing Date
- 21 Jan 2026
Current GMP Status
₹-9
-8.57% vs upper band
Est. Listing Gain
-8.57%
Last Trend
21 Jan 2026
Listing Price
₹96.00
Retail Entry
₹2,52,000
IPO Details
Complete IPO information
| Current GMP | ₹-9 |
|---|---|
| Estimated Listing Gain | -8.57% |
| Price Band | ₹100.00 - ₹105.00 |
| Issue Price | Approx ₹105.00 Crores |
| Listing Price | ₹96.00 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 21 Jan 2026 |
| Minimum Investment | ₹2,52,000 |
Head-to-head
Compare GRE Renew Enertech IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, GRE Renew Enertech is priced at ₹105 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,52,000 to participate in this SME issue.
The latest recorded Grey Market Premium for GRE Renew Enertech stands at ₹-9, implying an estimated listing gain of around -8.57% over the issue price if it holds until listing. This is down ₹5 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
13 Jan 2026
✓
Bidding Closes
16 Jan 2026
✓
Allotment
19 Jan 2026
✓
Listing
21 Jan 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 21 Jan 2026 | ₹1.00 | -₹5.00 | 0.95% |
| 19 Jan 2026 | ₹6.00 | -₹1.00 | 5.71% |
| 14 Jan 2026 | ₹7.00 | +₹1.00 | 6.67% |
| 13 Jan 2026 | ₹6.00 | -₹3.00 | 5.71% |
| 12 Jan 2026 | ₹9.00 | - | 8.57% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,52,000 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,52,000 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹3,78,000 |
| S-HNI Maximum | 7 Lot | 8,400 | ₹8,82,000 |
| B-HNI Minimum | 8 Lot | 9,600 | ₹10,08,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
GRE Renew Enertech IPO Details
| IPO Open Date | January 13, 2026 |
| IPO Close Date | January 16, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹100 to ₹105 Per Share |
| Issue Size | Approx ₹40 Crores |
| Fresh Issue | Approx ₹40 Crores |
| Issue Type | Bookbuilding Issue |
| IPO Listing | BSE SME |
Analysis
GRE Renew Enertech IPO Market Lot
The GRE Renew Enertech IPO minimum market lot is 2,400 shares with an application amount of ₹2,52,000.
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 2,400 | ₹2,52,000 |
| Retail Maximum | 2,400 | ₹2,52,000 |
| S-HNI Minimum | 3,600 | ₹3,78,000 |
| S-HNI Maximum | 8,400 | ₹8,82,000 |
| B-HNI Minimum | 9,600 | ₹10,08,000 |
Analysis
IPO Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investor | – | – |
| QIB (Ex. Anchor) | – | 50% |
| NII (HNI) | – | 35% |
| Retail Individual Investors | – | 15% |
Analysis
GRE Renew Enertech IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Shares Offered to Anchor Investors | – |
| Anchor Issue Size | – Cr. |
| Lock-in Period (50% Shares – 30 Days) | 2026 |
| Lock-in Period (50% Shares – 90 Days) | 2026 |
Analysis
GRE Renew Enertech IPO Dates
| IPO Open Date | January 13, 2026 |
| IPO Close Date | January 16, 2026 |
| Basis of Allotment | January 19, 2026 |
| Refunds Initiation | January 20, 2026 |
| Credit to Demat Account | January 20, 2026 |
| IPO Listing Date | January 21, 2026 |
| IPO Bidding Cut-off Time | January 16, 2026 – 5 PM |
Analysis
Promoters and Holding Pattern
The promoters of the company are Mr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar, and Mr. Mukeshkumar Prahladbhai Trivedi.
| Particular | Shares | Shareholding (%) |
|---|---|---|
| Promoter Holding (Pre Issue) | 1,05,20,000 | 95.06% |
| Promoter Holding (Post Issue) | 1,42,88,000 | 69.99% |
Analysis
Objects of the Issue & Utilisation of Proceeds
| Purpose | Amount (₹ Crores) |
|---|---|
| Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant | ₹32.61 |
| General Corporate Purposes | – |
Analysis
About GRE Renew Enertech IPO
Since its incorporation in 2006, GRE Renew Enertech Limited has been engaged in offering rooftop and ground-mounted solar solutions to industrial and commercial customers. Its business is divided into 2 segments, which are Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX segment, the firm provides Engineering, Procurement, construction, and operation of solar projects. Under the RESCO model, the company signs an agreement with rooftop owners to install and operate solar systems on their rooftops.
The business is also involved as a manufacturer of Light Emitting Diode (“LED”) lighting solutions. But, as of the past few years, the company’s primary focus has been mostly on solar energy solutions. The GRE Renew Enertech’s main goal is to become the preferred choice of a top-quality solar solutions provider for industrial and commercial customers.
Analysis
GRE Renew Enertech IPO Company Financial Report
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | ₹53.11 | ₹74.91 | ₹0.89 | ₹51.65 |
| 2024 | ₹92.15 | ₹79.52 | ₹9.91 | ₹49.12 |
| 2025 | ₹84.37 | ₹51.59 | ₹7.03 | ₹45.46 |
Analysis
RE Renew Enertech IPO Valuation – FY2025
| Return on Equity (ROE) | 26.89% |
| Return on Capital Employed (ROCE) | 29.60% |
| EBITDA Margin | 11.33% |
| PAT Margin | 8.39% |
| Debt to Equity Ratio | 0.05 |
| Earning Per Share (EPS) | ₹6.71 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 26.89% |
| Net Asset Value (NAV) | ₹29.68 |
Analysis
Peer Group Comparison
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Oriana Power Limited | 81.92 | 15.99 | 48.62% | 256.26 | 1,018.67 |
| Zodiac Energy Limited | 13.38 | 29.27 | 27.71% | 64.40 | 7.78 |
FAQ
GRE Renew Enertech IPO FAQs
GRE Renew Enertech IPO price band is Rs 100.00 to Rs 105.00. Check the latest issue price, lot size and GMP together before applying.
GRE Renew Enertech IPO open date is 13 Jan 2026, close date is 16 Jan 2026, and listing date is 21 Jan 2026.
GRE Renew Enertech IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,52,000.
GRE Renew Enertech is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
GRE Renew Enertech IPO subscription status currently shows Subscription data is currently awaited.
GRE Renew Enertech IPO issue size is TBA and the expected allotment date is 19 Jan 2026.
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