BSE List Price : ₹96.00

subscription

Category	Times
QIBs	14.69x
HNIs	25.02x
Retail	14.1x
Total : 16.61x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,400	₹252,000
Retail Maximum	2	2,400	₹252,000
S-HNI Minimum	3	3,600	₹378,000
S-HNI Maximum	7	8,400	₹882,000
B-HNI Minimum	8	9,600	₹1,008,000

About the Company

Since its establishment in 2006, GRE Renew Enertech Limited has been providing rooftop and ground-mounted solar power solutions primarily to industrial and commercial clients. The company operates through two business verticals: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, it undertakes engineering, procurement, construction, and operations of solar power projects. Under the RESCO framework, the company enters into agreements with rooftop owners to install, own, and operate solar systems on their premises.

In addition, the company is engaged in the manufacturing of Light Emitting Diode (LED) lighting products. However, over the past few years, its core emphasis has increasingly shifted toward solar energy solutions. GRE Renew Enertech aims to position itself as a leading and trusted provider of high-quality solar solutions for industrial and commercial customers.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹53.11	₹74.91	₹0.89	₹51.65
2024	₹92.15	₹79.52	₹9.91	₹49.12
2025	₹84.37	₹51.59	₹7.03	₹45.46

Company Promoter

Mr. Kamleshkumar Dahyalal Patel

Mr. Kirtikumar Kantilal Suthar

Mr. Mukeshkumar Prahladbhai Trivedi

Know before investing

• • Strengths

  Seasoned management team – Experienced leadership with deep industry expertise drives effective project execution and sustainable growth.

  Strong order visibility and policy support – Ongoing projects combined with favorable national renewable energy policies enhance growth prospects and revenue visibility.

• • Risks

  EPC execution risk – Fixed-price contracts expose the company to margin and cash flow pressures from potential cost overruns, project delays, or shortfalls in meeting performance commitments.

  Geographic concentration risk – Significant reliance on projects based in Gujarat makes the business vulnerable to region-specific disruptions.

Objects of the Issue & Utilisation of proceeds

Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant.
General corporate purposes.

Company  Address

GRE Renew Enertech Ltd.
Plot no. 423,
G.I.D.C.-II
Dediyasan
Mehsana, Gujarat, 384002
Phone: +91 9974039300
Email: cs@greindia.com
Website: http://greindia.com/

IPO Registrar

Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues

IPO Review

Avoid