GRE Renew Enertech Limited, a provider of on-site solar energy solutions for industrial and commercial customers, has fixed a price band of Rs. 100–105 per equity share for its upcoming Initial Public Offering (IPO). 

 

The issue will open for subscription on January 13, 2026, and close on January 16, 2026, with the anchor book opening a day earlier on January 12.

 

The IPO comprises a fresh issue of 37.68 lakh equity shares with a face value of Rs. 10 each, to be offered through the book-building route. At the upper end of the price band, the issue size aggregates to Rs. 39.56 crore.

 

Shares of the company will be listed on the BSE SME platform. Investors can bid for a minimum of 2,400 equity shares and thereafter in multiples of 1,200 shares.

 

According to the offer document, a significant portion of the proceeds will be used to set up a 7.20 MW (AC) ground-mounted solar power plant under the Renewable Energy Service Company (RESCO) model. The remaining funds will be deployed towards general corporate purposes.

 

GRE Renew Enertech delivers green energy solutions through on-site solar installations under two models—Capital Expenditure (CAPEX) and RESCO—helping industrial and commercial customers shift to clean energy. For the financial year ended March 31, 2025, the company reported total revenue of ₹84.37 crore and a profit after tax of Rs. 7.03 crore.

 

Share India Capital Services Private Limited is acting as the sole Book Running Lead Manager for the issue, while Maashitla Securities Private Limited is the registrar.