IPO - Initial Public Offerings

 GRERENEW

  

GRE RENEW ENERTECH LTD IPO.

13 Jan, 10:00 AM

Issue Open

16 Jan, 05:00 PM

Issue Close

1200

Lot Size

₹ 100.00 – ₹ 105.00

Price Range

IPO Issue Details

Issue size 40.00 Cr
Market Price 105.00
Registrar Maashitla Securities Pvt.Ltd.
Face Value RS.10 /- Per share
Listing at BSE

About

GRE RENEW ENERTECH LTD IPO.
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.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 2 2400 ₹ 2,52,000.00
Retail (Max) 2 2400 ₹ 2,52,000.00
S-HNI (Min) 3 3600 ₹ 3,78,000.00
S-HNI (Max) 8 9600 ₹ 10,08,000.00
B-HNI (Min) 9 10800 ₹ 11,34,000.00

IPO TimeLine

Open Date 13-Jan-2026
Close Date 16-Jan-2026
Basis of Allotment Date 19-Jan-2026
Initiation of Refunds 20-Jan-2026
Credit Shares to Demat A/c 20-Jan-2026
IPO Listing Date 21-Jan-2026