GRE Renew Enertech
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 13 to Jan 16 2026
Price Band
₹100 - 105
Current GMP
₹96.0 (-8.57%)
Subscription
16.53 times
IPO Details
| IPO Date | 13 to 16 Jan, 2026 |
| Listing Date | Wed, Jan 21, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹100 to ₹105 |
| Issue Price | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,68,000 shares (agg. up to ₹ 40 Cr) |
| Reserved for Market Maker | 1,92,000 shares (agg. up to ₹ 2 Cr) Share India Securities Ltd. |
| Net Offered to Public | 35,76,000 shares (agg. up to ₹ 38 Cr) |
| Share Holding Pre Issue | 1,05,20,000 shares |
| Share Holding Post Issue | 1,42,88,000 shares |
| BSE Script Code | 544682 |
| ISIN | INE0U8P01015 |
IPO Date
13 to 16 Jan, 2026
Listing Date
Wed, Jan 21, 2026
Face Value
₹ 10 per share
Price Band
₹100 to ₹105
Issue Price
₹105 per share
Lot Size
1,200 Shares
Sale Type
Fresh Capital
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
37,68,000 shares (agg. up to ₹ 40 Cr)
Reserved for Market Maker
1,92,000 shares (agg. up to ₹ 2 Cr) Share India Securities Ltd.
Net Offered to Public
35,76,000 shares (agg. up to ₹ 38 Cr)
Share Holding Pre Issue
1,05,20,000 shares
Share Holding Post Issue
1,42,88,000 shares
BSE Script Code
544682
ISIN
INE0U8P01015
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 14.69 |
| NII*** | 24.67 |
| bNII (> ₹10L) | 27.99 |
| sNII (< ₹10L) | 18.02 |
| Individual Investors | 14.10 |
| Total ** | 16.53 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
14.69
NII***
24.67
bNII (> ₹10L)
27.99
sNII (< ₹10L)
18.02
Individual Investors
14.10
Total **
16.53
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Jan 1 3 (Day 1) | 7.04 | 0.48 | 0.99 | 0.46 | 0.32 | 2.26 |
| Jan 1 4 (Day 2) | 7.04 | 1.24 | 2.43 | 1.28 | 0.81 | 2.67 |
| Jan 1 6 (Day 3) | 14.69 | 24.67 | 27.99 | 18.02 | 14.10 | 16.53 |
DayJan 1
3 (Day 1)
QIB (Ex Anchor)7.04
NII*0.48
NII (> ₹10L)0.99
NII (< ₹10L)0.46
Individual Investors0.32
Total2.26
DayJan 1
4 (Day 2)
QIB (Ex Anchor)7.04
NII*1.24
NII (> ₹10L)2.43
NII (< ₹10L)1.28
Individual Investors0.81
Total2.67
DayJan 1
6 (Day 3)
QIB (Ex Anchor)14.69
NII*24.67
NII (> ₹10L)27.99
NII (< ₹10L)18.02
Individual Investors14.10
Total16.53
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 21-01-2026 | 105.00 | 1(0.95%) | 106 |
| 20-01-2026 | 105.00 | 1(0.95%) | 106 |
| 19-01-2026 | 105.00 | 6(5.71%) | 111 |
| 18-01-2026 | 105.00 | 6(5.71%) | 111 |
| 17-01-2026 | 105.00 | 6(5.71%) | 111 |
| 16-01-2026 | 105.00 | 6(5.71%) | 111 |
| 15-01-2026 | 105.00 | 7(6.67%) | 112 |
| 14-01-2026 | 105.00 | 7(6.67%) | 112 |
| 13-01-2026 | 105.00 | 7(6.67%) | 112 |
| 12-01-2026 | 105.00 | 6(5.71%) | 111 |
| 11-01-2026 | 105.00 | 9(8.57%) | 114 |
| 10-01-2026 | 105.00 | 9(8.57%) | 114 |
| 09-01-2026 | 105.00 | 9(8.57%) | 114 |
| 08-01-2026 | 105.00 | 9(8.57%) | 114 |
| 07-01-2026 | 105.00 | 9(8.57%) | 114 |
| 06-01-2026 | 105.00 | 9(8.57%) | 114 |
| 05-01-2026 | 105.00 | 9(8.57%) | 114 |
Date21-01-2026
Price105.00
GMP1(0.95%)
Estimate List Price106
Date20-01-2026
Price105.00
GMP1(0.95%)
Estimate List Price106
Date19-01-2026
Price105.00
GMP6(5.71%)
Estimate List Price111
Date18-01-2026
Price105.00
GMP6(5.71%)
Estimate List Price111
Date17-01-2026
Price105.00
GMP6(5.71%)
Estimate List Price111
Date16-01-2026
Price105.00
GMP6(5.71%)
Estimate List Price111
Date15-01-2026
Price105.00
GMP7(6.67%)
Estimate List Price112
Date14-01-2026
Price105.00
GMP7(6.67%)
Estimate List Price112
Date13-01-2026
Price105.00
GMP7(6.67%)
Estimate List Price112
Date12-01-2026
Price105.00
GMP6(5.71%)
Estimate List Price111
Date11-01-2026
Price105.00
GMP9(8.57%)
Estimate List Price114
Date10-01-2026
Price105.00
GMP9(8.57%)
Estimate List Price114
Date09-01-2026
Price105.00
GMP9(8.57%)
Estimate List Price114
Date08-01-2026
Price105.00
GMP9(8.57%)
Estimate List Price114
Date07-01-2026
Price105.00
GMP9(8.57%)
Estimate List Price114
Date06-01-2026
Price105.00
GMP9(8.57%)
Estimate List Price114
Date05-01-2026
Price105.00
GMP9(8.57%)
Estimate List Price114
IPO Important Dates
| IPO Open | Tue, Jan 13, 2026 |
| IPO Close | Fri, Jan 16, 2026 |
| Allotment | Mon, Jan 19, 2026 |
| Refund | Tue, Jan 20, 2026 |
| Credit of Shares | Tue, Jan 20, 2026 |
| Listing | Wed, Jan 21, 2026 |
IPO Open
Tue, Jan 13, 2026
IPO Close
Fri, Jan 16, 2026
Allotment
Mon, Jan 19, 2026
Refund
Tue, Jan 20, 2026
Credit of Shares
Tue, Jan 20, 2026
Listing
Wed, Jan 21, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,52,000 |
| S-HNI (Min) | 3 | 3,600 | ₹3,78,000 |
| S-HNI (Max) | 7 | 8,400 | ₹8,82,000 |
| B-HNI (Min) | 8 | 9,600 | ₹10,08,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,52,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,52,000
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,78,000
ApplicationS-HNI (Max)
Lots7
Shares8,400
Amount₹8,82,000
ApplicationB-HNI (Min)
Lots8
Shares9,600
Amount₹10,08,000
Key Performance Indicator
| ROE | 12.04% |
| ROCE | 15.30% |
| Debt/Equity | 0.04 |
| RoNW | 12.04% |
| PAT Margin | 9.13 |
| EBITDA Margin | 13.06 |
| Price to Book Value |
ROE
12.04%
ROCE
15.30%
Debt/Equity
0.04
RoNW
12.04%
PAT Margin
9.13
EBITDA Margin
13.06
Price to Book Value
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| GRE Renew Enertech Ltd. | 6.69 | 6.69 | 20.72 | 41.93 | ||
| Oriana Power Limited | 81.92 | 81.92 | 256.26 | 15.99 | 48.62 | 5.11 |
| Zodiac Energy Limited | 13.38 | 13.27 | 64.00 | 29.27 | 27.71 | 6.11 |
Company NameGRE Renew Enertech Ltd.
EPS (Basic)6.69
EPS (Diluted)6.69
NAV (₹ per share)20.72
P/E (x)
RoNW (%)41.93
P/BV Ratio
Company NameOriana Power Limited
EPS (Basic)81.92
EPS (Diluted)81.92
NAV (₹ per share)256.26
P/E (x)15.99
RoNW (%)48.62
P/BV Ratio5.11
Company NameZodiac Energy Limited
EPS (Basic)13.38
EPS (Diluted)13.27
NAV (₹ per share)64.00
P/E (x)29.27
RoNW (%)27.71
P/BV Ratio6.11
IPO Reservation
| Market Maker Shares Offered | 1,92,000 (5.10%) |
| QIB Shares Offered | 17,76,000 (47.13%) |
| − Anchor Investor Shares Offered | 10,62,000 (28.18%) |
| − QIB (Ex. Anchor) Shares Offered | 7,14,000 (18.95%) |
| NII (HNI) Shares Offered | 5,40,000 (14.33%) |
| − bNII > ₹10L | 3,60,000 (9.55%) |
| − sNII < ₹10L | 1,80,000 (4.78%) |
| Retail Shares Offered | 12,60,000 (33.44%) |
| Total Shares Offered | 37,68,000 (100.00%) |
Market Maker Shares Offered
1,92,000 (5.10%)
QIB Shares Offered
17,76,000 (47.13%)
− Anchor Investor Shares Offered
10,62,000 (28.18%)
− QIB (Ex. Anchor) Shares Offered
7,14,000 (18.95%)
NII (HNI) Shares Offered
5,40,000 (14.33%)
− bNII > ₹10L
3,60,000 (9.55%)
− sNII < ₹10L
1,80,000 (4.78%)
Retail Shares Offered
12,60,000 (33.44%)
Total Shares Offered
37,68,000 (100.00%)
Information 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:
Products and services:
Competitive Strengths:
Objectives of IPO
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
Disclaimer
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