Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights
GRE Renew Enertech Announces Rs 100–105 IPO Price Band; Subscription Opens January 13
Jan 12, 2026
GRE Renew Enertech, a provider of on-site solar energy solutions for industrial and commercial clients, has announced a price band of Rs 100–105 per equity share for its upcoming Initial Public Offering (IPO). The issue will open for public subscription on January 13, 2026, and close on January 16, 2026, while the anchor investor portion will open on January 12, 2026.
The SME IPO comprises a fresh issue of 37.68 lakh equity shares with a face value of Rs 10 each, offered through the book-building route. At the upper end of the price band, the total issue size is estimated at Rs 39.56 crore. The company’s shares are proposed to be listed on the BSE SME platform.
Retail investors can apply for a minimum lot size of 2,400 shares, with bids thereafter accepted in multiples of 1,200 shares, as outlined in the offer document.
As per the Red Herring Prospectus (RHP), a major portion of the IPO proceeds will be used to develop a 7.20 MW (AC) ground-mounted solar power project under the Renewable Energy Service Company (RESCO) model. The remaining funds will be allocated toward general corporate purposes.
GRE Renew Enertech specialises in deploying on-site solar power projects under both CAPEX and RESCO models, enabling industrial and commercial customers to transition to cost-effective and sustainable energy solutions.
For the financial year ended March 31, 2025, the company reported total revenues of Rs 84.37 crore and a profit after tax (PAT) of Rs 7.03 crore.
Share India Capital Services is acting as the sole Book Running Lead Manager (BRLM) to the issue, while Maashitla Securities has been appointed as the registrar.
The IPO is being launched in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. Prospective investors are advised to review the Red Herring Prospectus carefully for detailed information on the company, the offer structure, and associated risks.