GRE Renew Enertech is entering the public markets through SME IPO with an issue size of ₹39.56 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on BSE & SME.
The IPO subscription window opens on January 13, 2026 and will remain open until January 16, 2026. The company plans to list its shares on January 21, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
GRE Renew Enertech Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of GRE Renew Enertech that investors generally review before applying.
IPO Details at a Glance
| Company Name | GRE Renew Enertech |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Price | ₹100 – ₹105 Per Share |
| Lot Size | 1,200 Shares |
| Face Value | ₹10 Per Share |
| Exchange | BSE & SME |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 192,000 | 5.10% |
| Qualified Institutional Buyers (QIB) | 1,776,000 | 47.13% |
| — Anchor Investor | 1,062,000 | 28.18% |
| — QIB (Ex Anchor) | 714,000 | 18.95% |
| NII (HNI) | 540,000 | 14.33% |
| — bNII > ₹10L | 180,000 | 4.78% |
| — sNII < ₹10L | 180,000 | 4.78% |
| Retail | 1,260,000 | 33.44% |
| Total Shares Offered | 3,768,000 | 100.00% |
GRE Renew Enertech IPO Important Dates
The following table highlights the key dates for the GRE Renew Enertech IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 13 Jan 2026 |
|---|---|
| IPO Closing Date | 16 Jan 2026 |
| Allotment Finalization | 19 Jan 2026 |
| Initiation of Refunds | 20 Jan 2026 |
| Credit of Shares | 20 Jan 2026 |
| IPO Listing Date | 21 Jan 2026 |
GRE Renew Enertech IPO Size & Structure
| Total IPO Size | ₹39.56 Crore |
|---|---|
| Fresh Issue | ₹39.56 Crore |
GRE Renew Enertech IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the GRE Renew Enertech IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹100 to ₹105 per share.
Investors can apply for the IPO with a minimum of 1200 shares. Applications must be made in multiples of 1200 shares.
- Retail investors can apply from 2 lot to 2 lots.
- Small HNI (SHNI) investors must apply for at least 3 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 8 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹105 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹105 | ₹252,000 |
| Retail (Max) | 2 | 2,400 | ₹105 | ₹252,000 |
| S-HNI (Min) | 3 | 3,600 | ₹105 | ₹378,000 |
| S-HNI (Max) | 7 | 8,400 | ₹105 | ₹882,000 |
| B-HNI | 8 | 9,600 | ₹105 | ₹1,008,000 |
GRE Renew Enertech IPO GMP (Grey Market Premium)
The latest GRE Renew Enertech IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current GRE Renew Enertech IPO GMP is ₹1 (0.95%), compared to the IPO issue price of ₹105. Based on the current GMP, the expected listing price is around ₹106. The Lowest GMP was ₹0 on 05 Jan 2026, while the highest GMP reached ₹9 on 12 Jan 2026.
GRE Renew Enertech IPO was listed on the stock exchange on 21 Jan 2026. The IPO was subscribed 15.29 times. The first reported GMP was ₹0 (0%), while the latest recorded GMP stood at ₹1 (0.95%).Listing Details:
- Issue Price: ₹105 per share.
- Listing Price: ₹96.00 (approx. 8.57% discount)
- Listing Date: 21 Jan 2026
GRE Renew Enertech IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 21 Jan 2026 | ₹105 | ▼ ₹1 | ▼ 0.95% | ₹106 | ₹2,400 |
| 20 Jan 2026 | ₹105 | ₹6 | 5.71% | ₹111 | ₹14,400 |
| 19 Jan 2026 | ₹105 | ▼ ₹6 | ▼ 5.71% | ₹111 | ₹14,400 |
| 17 Jan 2026 | ₹105 | ₹7 | 6.67% | ₹112 | ₹16,800 |
| 16 Jan 2026 | ₹105 | ₹7 | 6.67% | ₹112 | ₹16,800 |
| 13 Jan 2026 | ₹105 | ▼ ₹7 | ▼ 6.67% | ₹112 | ₹16,800 |
| 12 Jan 2026 | ₹105 | ₹9 | 8.57% | ₹114 | ₹21,600 |
| 10 Jan 2026 | ₹105 | ₹9 | 8.57% | ₹114 | ₹21,600 |
| 09 Jan 2026 | ₹105 | ₹9 | 8.57% | ₹114 | ₹21,600 |
| 08 Jan 2026 | ₹105 | ₹9 | 8.57% | ₹114 | ₹21,600 |
| 07 Jan 2026 | ₹105 | ₹9 | 8.57% | ₹114 | ₹21,600 |
| 06 Jan 2026 | ₹105 | ▲ ₹9 | ▲ 8.57% | ₹114 | ₹21,600 |
| 05 Jan 2026 | ₹105 | ₹0 | 0% | ₹105 | ₹0 |
GRE Renew Enertech IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at GRE Renew Enertech fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the GRE Renew Enertech IPO.
GRE Renew Enertech IPO Subscription Status
GRE Renew Enertech IPO was subscribed 15.29 times overall on the final day of bidding (as of 16 Jan 2026).The subscription opened on 13 Jan 2026. The Retail portion was subscribed 13.8 times, while QIB and NII categories were subscribed 14.69 times and 18.44 times respectively.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 13 Jan 2026 | 7.04x | 0.36x | 0.32x | — | 2.1x |
| 14 Jan 2026 | 7.04x | 1.17x | 0.81x | — | 2.55x |
| 16 Jan 2026 | 14.69x | 18.44x | 13.8x | — | 15.29x |
On the first day, the GRE Renew Enertech IPO received good initial interest, with early participation from QIB and NII investors.
Demand for the GRE Renew Enertech IPO strengthened further on Day-2, driven mainly by higher bids from QIB, followed by NII investors.
By the end of the bidding period, the IPO was subscribed 15.29x overall, reflecting strong demand from key investor categories, led by NII, followed by Retail and QIB investors. Overall subscription for the GRE Renew Enertech IPO increased from 2.1x on Day-1 to 15.29x by the final day.
GRE Renew Enertech IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 14.69x |
| Non-Institutional Investors (NII) | 18.46x |
| Retail Investors | 14.02x |
| Total | 15.39x |
GRE Renew Enertech IPO Allotment Status
The GRE Renew Enertech IPO allotment status was released on 19 Jan 2026. Investors who applied for the IPO can now check their GRE Renew Enertech allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 19 Jan 2026
- 📈 Listing Date: 21 Jan 2026
How to Check GRE Renew Enertech IPO Allotment Status Online?
Investors can check the GRE Renew Enertech IPO allotment status online through Maashitla Securities Pvt. Limited and BSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
Maashitla Securities Pvt.
to know more about the IPO registrar.
Check on Maashitla Securities Pvt. Limited (IPO Registrar)
- Visit → Maashitla Securities Private Limited
- Select GRE Renew Enertech
- Select
- Enter the relevant details to proceed further
- Click Submit to view allotment status
Check on BSE (Bombay Stock Exchange) Website
- Visit → BSE Website.
- Select Issue Type: Equity.
- Choose GRE Renew Enertech IPO.
- Enter your PAN or Application Number.
- Click on Search button.
The Bombay Stock Exchange (BSE) also allows investors to check the GRE Renew Enertech IPO allotment status online.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for GRE Renew Enertech IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
GRE Renew Enertech IPO Listing Analysis
Below is a quick summary of the GRE Renew Enertech IPO issue price, listing price, and listing gain on BSE and NSE.
| IPO Status | Issue Price | Listing Price | Listing Gain |
|---|---|---|---|
| Listed (BSE) | ₹105 | ₹96 | ▼ -8.57% |
| Listed (NSE) | ₹105 | ₹96 | ▼ -8.57% |
GRE Renew Enertech made a weak debut on the stock market on 21 Jan 2026, listing at ₹96, which was -₹9 lower (-8.57%) than its IPO issue price of ₹105. This indicated a negative listing sentiment, and IPO investors faced an immediate notional loss on debut.
Selling pressure continued throughout the session, and the stock slipped further by -100.00% from the listing price, closing at ₹0. From the IPO issue price, this translated into a total decline of -₹105 per share (-100.00%) by the end of the day.
For investors who were allotted one lot of 1200 shares, the investment of ₹126,000 reduced to ₹0. Investors booked an overall loss of -₹126,000 per lot on the listing day.
📌 IPO Issue Price and Lot Size
The IPO of GRE Renew Enertech was offered in the price band of ₹100 to ₹105 per share.
- The final issue price was fixed at ₹105.
- One lot consisted of 1200 shares.
- Minimum investment: ₹105 × 1200 = ₹126,000
- Investment after Day-1: ₹0 × 1200 = ₹0
- By the end of the listing session, investors faced a loss of -₹126,000 per lot.
📌 IPO Subscription Analysis
Despite moderate overall demand of 15.29× and QIB subscription of 14.69×, the IPO struggled on debut. The stock listed at -8.57% and closed at -100.00%, reflecting limited market confidence.
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 7.04x | 0.36x | 0.32x | 2.1x |
| Day 2 | 7.04x | 1.17x | 0.81x | 2.55x |
| Day 3 | 14.69x | 18.44x | 13.8x | 15.29x |
📌 Final Assessment
Overall Outcome: Below Expectations IPO
- Subscription Phase: High investor participation
- Listing Phase: Weak listing performance
- Investor Experience: Negative short-term experience
IPO Financial Summary
- Total Assets changed by -7.45% in FY 2024-2025.
- Total Revenue changed by -8.44% in FY 2024-2025.
- Profit After Tax changed by -29.06% in FY 2024-2025.
- Reserves & Surplus changed by 4.7% in FY 2024-2025.
- Total Borrowings changed by -65.21% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 42.77 | 45.46 | 49.12 | 51.65 |
| Total Revenue (₹ Cr) | 43.98 | 84.37 | 92.15 | 53.11 |
| Profit After Tax (₹ Cr) | 4.00 | 7.03 | 9.91 | 0.89 |
| Reserves & Surplus (₹ Cr) | 24.70 | 20.71 | 19.78 | 9.89 |
| Total Borrowings (₹ Cr) | 1.45 | 1.59 | 4.57 | 4.75 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹35.23 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant | 31.58 | 89.64% |
| 2 | General corporate purposes | 3.65 | 10.36% |
| Total | 35.23 | 100% | |
GRE Renew Enertech IPO Promoter Holding
| Promoter(s) | Mr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar, and Mr. Mukeshkumar Prahladbhai Trivedi |
|---|---|
| Pre-Issue Holding | 95.06% |
| Post-Issue Holding | 69.99% |
GRE Renew Enertech IPO FAQs
The GRE Renew Enertech IPO is a SME Bookbuilding IPO with a total issue size of ₹39.56 crore. The issue consists of a fresh issue of ₹39.56 crore.
The IPO will open for subscription on Tue, 13 Jan 2026 and will close on Fri, 16 Jan 2026.
The shares are being offered at a price band of ₹100 to ₹105 per equity share.
Investors can apply for the IPO with a minimum lot size of 1,200 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹252,000.
The shares of GRE Renew Enertech are expected to be listed on BSE & SME on Wed, 21 Jan 2026.
The Grey Market Premium (GMP) of GRE Renew Enertech IPO is ₹1.
The expected listing price of GRE Renew Enertech IPO is around ₹106 based on current GMP. This indicates a potential return of approximately 0.95% , with an estimated profit of ₹1,200 per lot, subject to market conditions.
The GRE Renew Enertech IPO was subscribed 15.39 times on the final day of subscription.
The retail portion is subscribed 13.8 times as of 16 Jan 2026.
The QIB portion is subscribed 14.69 times and the NII portion is subscribed 18.44 times .
The IPO registrar of GRE Renew Enertech is Maashitla Securities Pvt. Limited. Maashitla is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Mon, 19 Jan 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Mon, 19 Jan 2026 on the registrar or exchange website.
Shares are expected to be credited by Tue, 20 Jan 2026.
Refunds for unsuccessful applicants will be initiated on Tue, 20 Jan 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
GRE Renew Enertech IPO is listed on BSE.
The current share price of GRE Renew Enertech Limited is ₹95.95. The stock opened at ₹95.10, hit a high of ₹96.90 and a low of ₹94.80.
GRE Renew Enertech Limited share price has increased by ₹0.85 (0.89%) compared to the previous close. The stock has declined 0.05% from its listing price of ₹96.00 on BSE and declined 0.05% from its listing price of ₹96.00 on NSE.
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