Last Updated on January 12, 2026 by Author
GRE Renew Enertech Limited, a company specialising in on-site solar energy solutions for industrial and commercial customers, has fixed the price band at ₹100-105 per equity share for its proposed Initial Public Offering (IPO). The IPO is slated to open on January 13, 2026 and will conclude on January 16, 2026. The anchor portion will open on January 12, 2026.
The IPO is a fresh issue of 37.68 lakh equity shares with a face value of Rs 10 each through the book-building route. At the upper end of the price band, the issue size aggregates up to ₹39.56 crore.
The company’s shares will be listed on the SME platform of Bombay Stock Exchange (BSE SME). Investors can bid for 2,400 equity shares at a minimum, and subsequently in multiples of 1,200 shares.
As disclosed in the offer document, a majority portion of the IPO proceeds is proposed to be utilised for setting up a 7.20 MW (AC) ground-mounted solar power plant under the RESCO model. A portion of the proceeds is proposed to be utilised for general corporate purposes, as detailed in the offer document.
GRE Renew Enertech Limited provides green energy solutions by installing on-site solar projects under two key models: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO), enabling industrial and commercial customers to transition to clean energy.
The company posted total revenues of ₹84.37 crore and a profit (PAT) of ₹7.03 crore for the financial year ended 31 March 2025.
Share India Capital Services Private Limited is the sole Book Running Lead Manager (BRLM), and Maashitla Securities Private Limited is the registrar for the IPO.
This announcement is being made in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. Potential investors are advised to refer to the RRHP for detailed information about the company, the offer, and associated risks.