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GRERENEWSME / BSEListed
GRE Renew Enertech

GRE Renew Enertech Limited is engaged in providing solar energy solutions and LED lighting products, with its current primary focus on the solar power segment. The company offers rooftop and ground-mounted solar installations along with indoor and outdoor LED lighting solutions, and operates through both CAPEX (EPC) and RESCO (Opex) business models, wherein it either delivers turnkey solar projects owned by customers or funds and owns rooftop systems to earn annuity-based income. Its product and service portfolio includes end-to-end EPC solutions from design to commissioning, on-grid rooftop solar systems to reduce electricity costs, hybrid solar rooftop systems combining panels, batteries, and grid connectivity for uninterrupted power supply, and high-efficiency PV modules designed for reliable performance across diverse operating conditions.

₹100 - ₹10516.59x sub
Listed Price₹96.00
Listing Gain-8.57%

IPO Schedule & Timeline

Bookbuilding IPO
Open13 Jan 2026
Close16 Jan 2026
Allotment19 Jan 2026
Listing21 Jan 2026

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor10,62,000 shares
28.18%
QIB7,14,000 shares
18.95%
HNI5,40,000 shares
14.33%
Retail12,60,000 shares
33.44%
Market Maker1,92,000 shares
5.1%

Minimum Application Lots

Retail2 Lots (2,400 shares)
₹2,52,000
sHNI3 Lots (3,600 shares)
₹3,78,000
bHNI8 Lots (9,600 shares)
₹10,08,000

Company Promoters

Mr. Kamleshkumar Dahyalal PatelMr. Kirtikumar Kantilal SutharMr. Mukeshkumar Prahladbhai Trived

Company Background

GRE Renew Enertech Limited is engaged in providing solar energy solutions and LED lighting products, with its current primary focus on the solar power segment. The company offers rooftop and ground-mounted solar installations along with indoor and outdoor LED lighting solutions, and operates through both CAPEX (EPC) and RESCO (Opex) business models, wherein ...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹43.98 Cr
Growth-17.2%
Revenue Trend (₹ in Crores)
0.035.370.6106.0Mar-23Mar-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2543.984.0042.771.45
Mar-2584.377.0345.461.59
Mar-2492.159.9149.124.57
Mar-2353.110.8951.654.75

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-253.8012.04%0%018.75
Mar-256.7126.89%0%15.720
Mar-249.9161.58%0%00

Peer Comparison & Valuation

Financial Performance

GRE Renew Enertech Ltd

NAV/Share (₹)20.72
RONW(%)41.93
EPS (Basic) (₹)6.69

Oriana Power Ltd

NAV/Share (₹)256.26
RONW(%)48.62
EPS (Basic) (₹)81.92

Zodiac Energy Ltd

NAV/Share (₹)64
RONW(%)27.71
EPS (Basic) (₹)13.38

Valuation

GRE Renew Enertech Ltd

P/E(X)15.72
CMP* (₹)0
Face value (₹)10.00

Oriana Power Ltd

P/E(X)15.99
CMP* (₹)1309.85
Face value (₹)10.00

Zodiac Energy Ltd

P/E(X)29.27
CMP* (₹)391.65
Face value (₹)10.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Maashitla Securities Private Limited

Allotment Finalized
Allotment Date
19 Jan 2026
Official Status
Out / Finalized
Registrar
Maashitla Securities Private Limited
Listing Date
21 Jan 2026

Official Allotment Verification Links

Official Registrar Portal
Maashitla Securities Private Limited

Direct allotment verification on the official registrar portal appointed for GRE Renew Enertech. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization19 Jan 2026Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date21 Jan 2026Trading commences on exchange

How to Check GRE Renew Enertech Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select GRE Renew Enertech from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About GRE Renew Enertech IPO

Complete issue overview for GRE Renew Enertech (GRERENEW) IPO. The issue features an equity share price band of ₹100 – ₹105 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,26,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions