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GRERENEW · BSE · Renewable Energy
GRE Renew Enertech IPO listed on 21 Jan 2026 on BSE at ₹96.00, a loss of 8.57% over the issue price of ₹105.00. The IPO was subscribed 16.53x overall.
GRE Renew Enertech IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 13 Jan 2026 |
| IPO Close Date | 16 Jan 2026 |
| Basis of Allotment | 19 Jan 2026 |
| Initiation of Refunds | 20 Jan 2026 |
| Credit of Shares to Demat | 20 Jan 2026 |
| Listing Date | 21 Jan 2026 |
Listing day gain
-8.57%
Listed at ₹96 (issue ₹105)
Issue
₹105
Listing
₹96
Current
₹91.2
-13.14% vs issue
Day range
₹91.2 – ₹99
Issue Size
3,768,000 shares
(aggregating up to ₹40.00 Cr)
Issue Price
₹100 – ₹105
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹252,000
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
[.]
Offer for Sale
[.]
Reserved for Market Maker
192,000 shares
(aggregating up to ₹2.02 Cr)
Issue Type
book building
Open Date
13 Jan
Close Date
16 Jan
Allotment
19 Jan
Listing
21 Jan
Last updated: 8 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 18 Jan 2026 Latest | ₹105 | ₹6 | ₹111 | ₹6 |
5.71%
|
5:42 PM |
| 17 Jan 2026 | ₹105 | ₹6 | ₹111 | ₹6 |
5.71%
|
9:07 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 16 Jan 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 14.69x | - |
| NII | 24.67x | - |
| bNII (bids above ₹10L) | 27.99x | - |
| sNII (bids below ₹10L) | 18.02x | - |
| Retail Investors | 14.1x | - |
| Total | 16.53x | - |
Showing the latest subscription snapshot.
View full subscription historyMr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar, and Mr. Mukeshkumar Prahladbhai Trivedi are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹252,000 |
| Retail (Max) | 2 | 2,400 | ₹252,000 |
| S-HNI (Min) | 3 | 3,600 | ₹378,000 |
| S-HNI (Max) | 7 | 8,400 | ₹882,000 |
| B-HNI (Min) | 8 | 9,600 | ₹1,008,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 192,000 (5.10%) |
| QIB Shares Offered | 1,776,000 (47.13%) |
|
•
Anchor Investor Shares Offered
|
1,062,000 (28.18%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
714,000 (18.95%) |
| NII (HNI) Shares Offered | 360,000 (9.56%) |
|
•
bNII > ₹10L
|
180,000 (4.78%) |
|
•
sNII < ₹10L
|
180,000 (4.78%) |
| Retail Shares Offered | 1,260,000 (33.44%) |
| Total Shares Offered | 3,588,000 (95.23%) |
GRE Renew Enertech Limited is a Gujarat-based renewable energy solutions provider engaged primarily in:
✔ Solar EPC (Engineering, Procurement & Construction) services including rooftop and ground-mounted solar power plants.
✔ Energy-efficient LED lighting products and integrated energy-saving solutions.
✔ Designing and implementing commercial and industrial renewable energy installations.
With over 20+ years of experience in the energy space, the company emphasizes sustainability, advanced solar technologies, and high-efficiency LED lighting solutions. It aims to expand renewable energy adoption across industrial, commercial and institutional customers, leveraging quality engineering and service delivery.
Key Strengths / Growth Factors (Summary):
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 53.11 | 92.15 | 84.37 |
| Profit After Tax (PAT) | 0.89 | 9.91 | 7.03 |
| EBITDA | 1.31 | 11.48 | 9.48 |
| Total Assets | 51.65 | 49.12 | 45.46 |
| Net Worth | 11.14 | 21.03 | 31.23 |
| Reserves & Surplus | 9.89 | 19.78 | 20.71 |
| Total Borrowing | 4.75 | 4.57 | 1.59 |
Revenue & Profit Trend
The basis of allotment for GRE Renew Enertech IPO was finalised on 19 Jan 2026. You can check your allotment status using your PAN number or application number on the Maashitla Securities Pvt. ltd. portal or BSE.
The GRE Renew Enertech IPO is expected to open in Jan 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for GRE Renew Enertech IPO is ₹100.00 - ₹105.00 per share.
As per market sources, GRE Renew Enertech IPO GMP is currently ₹6.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for GRE Renew Enertech IPO stands at 16.53x overall.
The listing date for GRE Renew Enertech IPO is 21 Jan 2026.
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