GRE Renew Enertech Limited
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GRE Renew Enertech Limited's completed its IPO journey with a successful listing on BSE on Jan 21, 2026. The public offering mobilized 37,68,000 Shares in total capital, comprising 37,68,000 Shares in fresh equity.
The offering was conducted within the price band of ₹100 to ₹105, with minimum application lots of 1200 shares. Investor participation during the Jan 13, 2026 to Jan 16, 2026 subscription window determined the final allocation pattern.
The basis of allotment was announced on Jan 19, 2026, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Management Team: Strong leadership with deep sector knowledge supports execution and growth.
- Skilled O&M Workforce: Ongoing training enhances operations and maintenance capabilities.
- Strong Order Book & Policy Support: Visible projects and favorable renewable energy policies improve growth visibility.
- EPC Execution Risk: Cost overruns, delays, or performance issues under fixed-price contracts may affect margins and cash flows.
- High Industry Competition: Intense competition in solar EPC projects can limit growth and pricing power.
- Geographical Concentration: Heavy reliance on Gujarat-based projects increases exposure to regional risks.
- Mr. Kamleshkumar Dahyalal Patel
- Mr. Kirtikumar Kantilal Suthar
- Mr. Mukeshkumar Prahladbhai Trived
GRE Renew Enertech Limited
Maashitla Securities Private Limited