GRE Renew Enertech SME IPO
GRE Renew Enertech IPO — date, price band, GMP & allotment 2026
GRE Renew Enertech, a renewable energy solutions provider, focuses on solar, wind, and hybrid power systems. The IPO proceeds will support capacity expansion, R&D, and deployment of clean energy projects. With India’s green energy push, GRE Renew Enertech is poised to meet increasing demand for sustainable power. Investors can participate to benefit from the renewable energy sector’s growth trajectory.
Stock price
GRE Renew Enertech is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 September.
- Open 13 Jan 2026
- Close 16 Jan 2026
- Allotment 19 Jan 2026
- Refund/credit 20 Jan 2026
- Listing 21 Jan 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 13 to 16 Jan, 2026 |
|---|---|
| Price Band | ₹100 to 105 |
| Face Value | ₹₹10 |
| Lot Size | 2 Shares |
| Issue Size | ₹₹40 Cr. Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Maashitla Securities Private Limited |
| Min Investment | ₹ 420 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 2 shares at the ₹105 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 4 | ₹420 |
| Retail (max) | 2 | 4 | ₹420 |
| HNI (min) | 3 | 6 | ₹630 |
Three years of numbers
All figures in ₹ crore, as reported in the GRE Renew Enertech offer document.
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 42.77 | 45.46 | 49.12 | 51.65 |
| Total Income | 43.98 | 84.37 | 92.15 | 53.11 |
| Profit After Tax | 4.00 | 7.03 | 9.91 | 0.89 |
| EBITDA | 5.72 | 9.48 | 11.48 | 1.31 |
| NET Worth | 35.22 | 31.23 | 21.03 | 11.14 |
| Reserves and Surplus | 24.70 | 20.71 | 19.78 | 9.89 |
| Total Borrowing | 1.45 | 1.59 | 4.57 | 4.75 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the GRE Renew Enertech RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
GRE Renew Enertech IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹5.60 |
| P/E Ratio (x) | 18.75 |
| Market Cap at Offer Price (₹ Cr) | ₹75.00 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹105 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹35.23 Cr of the issue is earmarked to named objects.
About the company
The company offers services such as solar EPC (engineering, procurement, and construction), operation and maintenance, and customised energy solutions for clients. Its business model revolves around end-to-end project delivery along with long-term service contracts, ensuring recurring revenue streams. GRE Renew Enertech primarily operates in India, catering to businesses seeking cost-efficient and sustainable energy alternatives while also exploring opportunities to expand its footprint in the renewable energy market.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 9974039300
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Share India Capital Services Private Limited
3 issues handled (1 mainboard, 2 SME)2 of their issues have listed so far, and 2 opened above the issue price (average +16%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of GRE Renew Enertech?
The current Grey Market Premium is ₹1, or 1% over the issue price.
What is the GRE Renew Enertech IPO price band?
₹100 to ₹105, on a face value of ₹₹10.
When is the allotment?
The basis of allotment is 19 January 2026, with listing on 21 January 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Maashitla Securities Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
