31 Mar 2023
Assets51.65
Total Income53.11
EBITDA1.31
Profit After Tax0.89
NET Worth11.14
Reserves and Surplus9.89
Total Borrowing4.75
At a glance
Updated 2026-08-24GRE Renew Enertech is a SME IPO with an issue size of ₹39.56 crore, proposed for listing on BSE SME. The offer opens on 13th Jan 2026 and closes on 16th Jan 2026. The issue structure includes a fresh issue of ₹37.55 crore.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹39.56 Cr
Fresh issue₹37.55 Cr
Face value₹10
Price band₹100.00–₹105.00
Allotment19th Jan 2026
Listing21st Jan 2026
Grey market
GMP page ↗Latest GMP₹1.00
GMP / upper price0.95%
Est. listing₹106.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens13th Jan 2026
Closes16th Jan 2026
Allotment19th Jan 2026
Refund20th Jan 2026
Demat20th Jan 2026
Listing21st Jan 2026
Subscription demand
Full bidding ↗Total16.53×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2400 | ₹252,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant | ₹31.58 Cr |
| General Corporate Purposes | ₹3.65 Cr |
| Issue Expenses | ₹4.34 Cr |
| Total | ₹39.56 Cr |
Financials
Full financials ↗31 Mar 2024
Assets49.12
Total Income92.15
EBITDA11.48
Profit After Tax9.91
NET Worth21.03
Reserves and Surplus19.78
Total Borrowing4.57
31 Mar 2025
Assets45.46
Total Income84.37
EBITDA9.48
Profit After Tax7.03
NET Worth31.23
Reserves and Surplus20.71
Total Borrowing1.59
30 Sep 2025
Assets42.77
Total Income43.98
EBITDA5.72
Profit After Tax4.00
NET Worth35.22
Reserves and Surplus24.70
Total Borrowing1.45
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 | Sep 30, 2025 |
|---|---|---|
| ROE | 26.89% | 12.04% |
| ROCE | 29.60% | 15.30% |
| Debt / Equity | 0.05% | 0.04% |
| RoNW | 26.89% | 12.04% |
| PAT Margin | 8.39% | 9.13% |
| EBITDA Margin | 11.33% | 13.06% |
| Price to Book Value | 3.54 |
Valuation & shareholding
Pre-IPO EPS6.68
Post-IPO EPS5.60
Pre-IPO P/E15.72
Post-IPO P/E18.75
Promoter holding pre95.06%
Promoter holding post69.99%
Market cap₹150.02 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant | ₹31.58 Cr |
| General Corporate Purposes | ₹3.65 Cr |
| Issue Expenses | ₹4.34 Cr |
| Total | ₹39.56 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- Share India Capital Services...
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.