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Subscription Status · Jan 13 – Jan 16, 2026 · ₹100–105
The GRE Renew Enertech IPO subscription has recorded strong investor demand with an overall subscription of 16.53× as of Jan 16, 2026, indicating that investors applied for 16.53 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Jan 16, 2026, 11:23 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
714,000 | 10,485,600 |
14.69×
|
- |
|
NII
Non-Institutional Investors
|
540,000 | 13,321,200 |
24.67×
|
- |
|
bNII
Bids above ₹10L
|
360,000 | 10,077,600 |
27.99×
|
- |
|
sNII
Bids below ₹10L
|
180,000 | 3,243,600 |
18.02×
|
- |
|
Retail
Retail Individual Investors
|
1,260,000 | 17,760,000 |
14.10×
|
- |
|
Total
|
2,514,000 | 41,566,800 |
16.53×
|
- |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 714,000 | 5,028,000 | 7.04× | - |
| NII | 540,000 | 100,800 | 0.19× | - |
| bNII | 360,000 | 21,600 | 0.06× | - |
| sNII | 180,000 | 79,200 | 0.44× | - |
| Retail | 1,260,000 | 360,000 | 0.29× | - |
| Total | 2,514,000 | 5,488,800 | 2.18× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 714,000 | 5,028,000 | 7.04× | - |
| NII | 540,000 | 715,200 | 1.32× | - |
| bNII | 360,000 | 542,400 | 1.51× | - |
| sNII | 180,000 | 172,800 | 0.96× | - |
| Retail | 1,260,000 | 902,400 | 0.72× | - |
| Total | 2,514,000 | 6,645,600 | 2.64× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 714,000 | 10,485,600 | 14.69× | - |
| NII | 540,000 | 13,321,200 | 24.67× | - |
| bNII | 360,000 | 10,077,600 | 27.99× | - |
| sNII | 180,000 | 3,243,600 | 18.02× | - |
| Retail | 1,260,000 | 17,760,000 | 14.10× | - |
| Total | 2,514,000 | 41,566,800 | 16.53× | - |
As of January 16, 2026, the GRE Renew Enertech IPO has been subscribed 16.53 times overall. The IPO is fully subscribed with strong investor demand.
The GRE Renew Enertech IPO subscription window was open from January 13, 2026 to January 16, 2026. Investors could apply through their demat account or ASBA facility.
The GRE Renew Enertech IPO has a price band of ₹100 to ₹105 per share, with a lot size of 1,200 shares. Minimum retail investment: ₹120,000 (lower band) or ₹126,000 (upper band).
The QIB category has been subscribed 14.69 times. QIBs were offered 714,000 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 14.10 times. Retail was offered 1,260,000 shares. High retail subscription reflects strong small-investor interest.
Overall NII: 24.67×. bNII (>₹10L): 27.99×, sNII (<₹10L): 18.02×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on January 19, 2026. Check via the registrar's website, Maashitla Securities Pvt. ltd. using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
GRE Renew Enertech IPO is expected to list on January 21, 2026. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 16.53× means investors have bid for 16.53 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 14.10×, the estimated allotment probability for retail investors is Low–Moderate. Lottery-based allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for GRE Renew Enertech IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Jan 13 to Jan 16, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest GRE Renew Enertech IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Jan 13, 2026Subscription Closes Done
Jan 16, 2026Basis of Allotment Done
Jan 19, 2026Listing on BSE Done
Jan 21, 2026Lottery-based allotment. Based on retail subscription of 14.10×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
