GRE RENEW ENERTECH LIMITED SME
₹ 100 - ₹ 105
13-Jan-2026 - 16-Jan-2026
₹ 126000.00

/ 1200 Shares

GRE RENEW ENERTECH LIMITED SME

13-Jan-2026 - 16-Jan-2026

₹ 100 - ₹ 105

Price Band

₹ 126000.00

Minimum Investment

1200

Bid Lot

3,768,000

Shares

IPO Details

IPO Timeline

  • Open Date

    13-Jan-2026

  • Close Date

    16-Jan-2026

  • Basis of Allotment Date

    19-Jan-2026

  • Initiation of Refunds

    20-Jan-2026

  • Credit Shares to Demat A/c

    20-Jan-2026

  • IPO Listing Date

    21-Jan-2026

About Company

GRE Renew Enertech Limited is engaged in the business of solar energy solutions and LED lighting products.

They offer rooftop and ground-mounted solar installations, as well as indoor and outdoor LED lighting solutions.

The company, originally a manufacturer of LED lighting solutions, now primarily focuses on solar energy.

Business Model:

  • CAPEX Model (EPC) (Engineering, Procurement and Construction): The company follows the CAPEX model, where consumers own and fund solar systems, while EPC services manage engineering, procurement, construction, and commissioning, ensuring complete PV plant delivery and grid connection.
  • RESCO Model (Opex): The company uses the RESCO model, where it funds and owns rooftop solar systems, earning annuity income while consumers pay monthly tariffs, though securing low-cost capital remains a key challenge.

Products and services:

  • EPC (Engineering, Procurement, and Construction):Turnkey solar solutions from design to commissioning, including operation and maintenance as required.
  • Rooftop Systems (On-Grid):Grid-tied solar systems reduce electricity bills by supplying power and feeding excess to the grid.
  • Solar Rooftop Systems (Hybrid):Combines solar panels, batteries, and grid access to ensure a continuous, eco-friendly power supply anytime.
  • PV Module:High-efficiency, reliable solar modules suitable for various applications with strong performance in all conditions
Read More

Strengths

  • Experience Management Team
  • Training and Skill development programs to strengthen Operation & Maintenance Team
  • Existing number, visible order book, and favourable national policy support
  • 24/7 Premium Support System
  • ESG (Environment, Social and Governance)

Company Promoters

Company Financials

GRE Renew Enertech Ltd.'s revenue decreased by 8% and profit after tax (PAT) dropped by 29% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 45.46 49.12 51.65
Total Income 84.37 92.15 53.11
Profit After Tax 7.03 9.91 0.89
EBITDA 9.48 11.48 1.31
NET Worth 31.23 21.03 11.14
Reserves and Surplus 20.71 19.78 9.89
Total Borrowing 1.59 4.57 4.75
Amount in ? Crore

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (? Cr.)
1 Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant 32.61
2 General corporate purposes

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

Apply Now