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IPO Synopsis

GRE Renew Enertech Ltd
Initial public issue of up to 37,68,000 equity shares of face value of Rs. 10/- each of GRE Renew Enertech Limited ("GRE or the company or the "Issuer") for cash at a price of Rs. 100-Rs. 105 per equity share including a share premium of Rs. 90-Rs. 95 per equity share (the "Issue Price") aggregating to Rs. 37.68-Rs. 39.56 crores ("The Offer"), comprising a fresh issue of up to 37,68,000 equity shares aggregating up to Rs. 37.68-Rs. 39.56 crores by the company ("Fresh Issue") out of which, 1,92,000 equity shares aggregating to Rs. 1.92-Rs. 2.02 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 Rs. 10/- each at a price of Rs. 100-Rs. 105 per equity share including a share premium of Rs. 90-Rs. 95 per equity share aggregating to Rs. 35.76-Rs. 37.55 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: Rs. 100/-to Rs. 105/- per equity share of face value of Rs. 10/- 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
Opens On Closes On
13-Jan-26 16-Jan-26
Money Payable On
Application Allotment
100.00 0.00
Minimum Application for shares in Nos : 2400 Further Multiples of : 1200
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 0.00 Share India Capital Services Pvt Ltd
Project Financed through Current Offer (.Cr) 37.68  
Post Issue Equity Share Capital (.Cr) 14.29
Issue Price () 100.00
Projects
Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant
General 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
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