GRE Renew Enertech came to market through an SME IPO that opened on 13 January 2026 and closed on 16 January 2026, and the shares listed on 21 January 2026 on BSE SME. The price band was ₹100 to ₹105 per share and one lot was 1200 shares, so the minimum application was ₹1,26,000. The issue size was ₹39.56 crore. The whole issue was fresh shares, so the money raised went to the company.
Maashitla Securities Pvt.Ltd was the registrar to the issue, and Share India Capital Services Pvt.Ltd was the lead manager.
As of 16 January 2026.
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GRE Renew Enertech Limited is involved in the business of solar energy solutions as well as LED lighting products. They also engage in rooftop and ground mount solar panel installation, indoor, and outdoor LED lighting solutions.The company, a former LED lighting solutions production entity, is now a solar energy company. Products & services: EPC (Engineering, Procurement, and Construction)Solar turn-key solutions, right from design to delivery, including operations and maintenance services as needed.
Rooftop Systems (On-Grid):The grid-connected solar power system minimizes the use of electricity by generating power and exporting the surplus to the grid. Sunroof Panels(Rooftop Solar Systems(Hybrid)):Integrating solar panels, batteries, and a connection to the power grid to have a seamless, green energy source PV Module:High-efficiency solar modules that are reliable for multiple applications.
As described in the offer document.
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Mr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar, Mr. Mukeshkumar Prahladbhai Trivedi. Promoter holding 95.06% before the issue and 69.99% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
GRE Renew Enertech IPO was a ₹39.56 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹100–₹105 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,52,000). The IPO was open from January 13 to January 16, 2026 and was subscribed 16.61x. Shares listed on BSE SME on January 21, 2026 at ₹96, a 8.6% discount to the issue price of ₹105. Maashitla Securities Pvt. Ltd.
is the registrar. Share India Capital Services Pvt. Ltd. is the book running lead manager.
The price band of GRE Renew Enertech IPO is ₹100 to ₹105 per share.
The lot size of GRE Renew Enertech IPO is 1200 shares.
The minimum investment for GRE Renew Enertech IPO is approximately ₹2,52,000 based on the upper price band.
The allotment date of GRE Renew Enertech IPO is Jan 19, 2026.
GRE Renew Enertech IPO's final recorded GMP before listing was ₹4 per share (a 4% premium over the ₹105 upper price band). The shares listed at ₹96. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check GRE Renew Enertech IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the GRE Renew Enertech IPO allotment status on Rupix for quick and easy access.
₹100 to ₹105 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,26,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,26,000, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 13 January 2026 and closed on 16 January 2026.
The basis of allotment was published on 19 January 2026 by Maashitla Securities Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 21 January 2026 on BSE SME.
The issue size was ₹39.56 crore. The fresh issue was 37,68,000 shares (aggregating up to ₹39.56 crore).