The GRE Renew Enertech IPO is a book-building issue with a total size of ₹39.56 crore. This is a completely new issue of shares, open for subscription from January 13, 2026, to January 16, 2026, with a price range of ₹100 to ₹105 per share. Each application lot consists of 1,200 shares and the minimum investment for an individual investor is ₹2,52,000, which is the cost for 2,400 shares at the upper end of the price band. The IPO is expected to list on the BSE SME platform with a tentative listing date set for January 21, 2026.

Company Background

GRE Renew Enertech Ltd. was established in 1999 and focuses on renewable energy solutions, including solar power systems, energy storage and green technology integration.

The company primarily operates in Gujarat and Maharashtra, with projects covering rooftop solar installations, hybrid energy systems and electric vehicle charging infrastructure. GRE Renew holds certifications from the Ministry of New and Renewable Energy (MNRE) for solar EPC services and has completed over 50 MW of renewable projects up to FY25. This SME entity has gained a growing market share in the distributed solar segment, achieving a 25% year-on-year revenue growth in recent fiscal years. With a streamlined operational model and expansion into energy management software, GRE Renew positions itself as an agile innovator in India’s transition to green energy.

Operations and Product Range

Facility and Production

GRE Renew Enertech Limited operates from its factory and registered office located at Plot No. 423, G.I.D.C. – II, Dediyasan, Mehsana – 384002, Gujarat, with a corporate office in Ahmedabad. The Mehsana-based company delivers end-to-end EPC execution across more than 20 states, offering design, procurement, installation and O&M services for solar projects using advanced yield-optimizing technology.

In Fiscal 2025, the company reported revenue of ₹83.72 crore and a profit after tax of ₹7.03 crore, with a cumulative portfolio exceeding 61 MW, including 52 MW of ground-mounted and 9 MW of rooftop solar installations.