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GRE Renew Enertech
Price Band
₹100.0–105.0
Issue Size
₹39.56 Cr
Lot Size
1,200 shares
Min Investment
₹252,000
GMP
+₹1.0 (0.95%)
Issue Price
₹105.0
calendar_month Important Dates
bar_chart Subscription Status
Subscription data unavailable
trending_up Grey Market Premium (GMP)
GMP
+₹1.0
GMP %
+0.95%
Est. Listing
₹106.0
schedule Updated: 14 Jul 2026 15:53
Share GMP:
business About the 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: CAPEX Model (EPC) (Engineering, Procurement and Construction): The company follows the CAPEX model, where consumers own and fund solar systems, while EPC services manage engineering, procurement, construction, and commissioning, ensuring complete PV plant delivery and grid connection. RESCO Model (Opex): The company uses the RESCO model, where it funds and owns rooftop solar systems, earning annuity income while consumers pay monthly tariffs, though securing low-cost capital remains a key challenge. Products and services: EPC (Engineering, Procurement, and Construction):Turnkey solar solutions from design to commissioning, including operation and maintenance as required. Rooftop Systems (On-Grid):Grid-tied solar systems reduce electricity bills by supplying power and feeding excess to the grid. Solar Rooftop Systems (Hybrid):Combines solar panels, batteries, and grid access to ensure a continuous, eco-friendly power supply anytime. PV Module:High-efficiency, reliable solar modules suitable for various applications with strong performance in all conditions. Competitive Strengths: Experience Management Team Training and Skill development programs to strengthen Operation & Maintenance Team Existing number, visible order book, and favourable national policy support 24/7 Premium Support System ESG (Environment, Social and Governance)
payments Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 42.77 | 45.46 | 49.12 | 51.65 |
| Total Income | 43.98 | 84.37 | 92.15 | 53.11 |
| Profit After Tax | 4.00 | 7.03 | 9.91 | 0.89 |
| EBITDA | 5.72 | 9.48 | 11.48 | 1.31 |
| NET Worth | 35.22 | 31.23 | 21.03 | 11.14 |
| Reserves and Surplus | 24.70 | 20.71 | 19.78 | 9.89 |
| Total Borrowing | 1.45 | 1.59 | 4.57 | 4.75 |
Key Ratios
EPS
₹6.68
NAV
₹29.68
ROE
26.89%
ROCE
29.60%
RoNW
26.89%
P/B Value
3.54
P/E Ratio
15.72
Market Cap
₹150.02 Cr
PAT Margin
8.39%
Debt/Equity
0.05
Promoters
Kamleshkumar Dahyalal Patel, Kirtikumar Kantilal Suthar and Mukeshkumar Prahladbhai Trivedi
Objects of the Issue
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 31.58 2 General Corporate Purposes 3.65 3 Issue Expenses 4.34 Total 39.56
info Issue Details
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
13 Jan 2026
Close
16 Jan 2026
Allotment
19 Jan 2026
Listing
21 Jan 2026