IPO IPO-Synopsis
GRE Renew Enertech Ltd

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Registered Office: Plot No.423 GIDC II,Dediyasan , Mehsana - 384002 , Gujarat , India.
Phone : 77779 83683   Fax:
Email :  cs@greindia.com  
Website :  https://greindia.com
Initial public issue of up to 37,68,000 equity shares of face value of Rs10/- each of GRE Renew Enertech Limited ("GRE or the company or the "Issuer") for cash at a price of Rs100-Rs105 per equity share including a share premium of Rs90-Rs95 per equity share (the "Issue Price") aggregating to Rs37.68-Rs39.56 crores ("The Offer"), comprising a fresh issue of up to 37,68,000 equity shares aggregating up to Rs37.68-Rs39.56 crores by the company ("Fresh Issue") out of which, 1,92,000 equity shares aggregating to Rs1.92-Rs2.02 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e., net offer of up to 35,76,000 equity shares of face value of Rs10/- each at a price of Rs100-Rs105 per equity share including a share premium of Rs90-Rs95 per equity share aggregating to Rs35.76-Rs37.55 crores is herein after referred to as the "Net Offer". The offer and the net offer will constitute 26.37% and 25.02%, respectively, of the post issue paid up equity share capital of the company. Price Band: Rs100/-to Rs105/- per equity share of face value of Rs10/- each. The floor price is 10 times of the face value and the cap price is 10.5 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
13-Jan-26 16-Jan-26 Rs100.00-105.00 Rs0.00-0.00
Minimum Application for shares in Nos :2400  Further Multiples of :1200

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
Share India Capital Services Pvt Ltd
Project Financed through Current Offer 37.68  
Post Issue Equity Share Capital 14.29  
Issue Price Rs100.00  
Projects
Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power PlantGeneral corporate purposes
Promoted By
Kamleshkumar Dahyalal Patel
Kirtikumar Kantilal Suthar
Mukeshkumar Prahladbhai Trived
Listing At
BSE - SME 
Registrar to the Issue
Maashitla Securities Pvt Ltd