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Explore how GRE Renew Enertech Ltd’s IPO performed during its subscription period, including investor participation, price band details, key dates, and the step-by-step process to apply through ASBA or UPI.
The GRE Renew Enertech IPO opened for subscription on January 13, 2026, marking the debut of the renewable energy company in the primary market. With a focus on clean energy solutions, the company’s public issue has drawn interest from investors seeking exposure to the growing energy sector in India. The issue is valued at ₹39.56 crore and is entirely a book-built issue, offering equity shares in the price range of ₹100 to ₹105 per share.
The GRE Renew Enertech Ltd IPO opened to moderate investor interest on its debut day, drawing attention from retail investors and smaller investors. The offering, focused on the renewable energy segment, is being closely tracked for its performance over the remaining subscription days.
On the first day of bidding, the GRE Renew Enertech Ltd IPO recorded a subscription of 2.01× overall. Qualified Institutional Buyers (QIBs accounted for the majority of subscriptions), while Retail Individual Investors (RII) and Non-Institutional Investors (NII) recorded comparatively lower participation.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
7.04× |
Retail Individual Investors (RII) |
0.26× |
Non-Institutional Investors (NII) |
0.11× |
Total |
2.01× |
The overall subscription indicates a slow start, with the majority of interest coming from retail investors, and the remaining categories showing very limited traction on Day 1.
On the second day of bidding, the GRE Renew Enertech Ltd. IPO witnessed substantial interest, with an overall subscription of 2.51×. Qualified Institutional Buyers (QIBs) showed strong demand, while Retail Individual Investors (RII) and Non-Institutional Investors (NII) also showed significant engagement.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
7.04× |
Retail Individual Investors (RII) |
0.75× |
Non-Institutional Investors (NII) |
1.10× |
Total |
2.51× |
The strong participation from QIBs reflects confidence in the company’s prospects, with moderate retail and NII interest.
On the third day of bidding, the GRE Renew Enertech Ltd. IPO witnessed a strong surge in demand, led by robust participation from Qualified Institutional Buyers (QIBs), while retail and non-institutional investors continued to show steady interest.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
7.04× |
Retail Individual Investors (RII) |
0.81× |
Non-Institutional Investors (NII) |
1.17× |
Total |
2.55× |
The sharp rise in QIB participation significantly boosted overall subscriptions, indicating growing institutional confidence in the company’s renewable energy-focused business model.
GRE Renew Enertech Ltd.’s IPO closed its bidding on a high note, registering an overall subscription of 12.64× on Day 4. The issue saw exceptionally improved interest from Qualified Institutional Buyers (QIB), along with healthy participation from both retail and non-institutional investors.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
14.69× |
Retail Individual Investors (RII) |
10.42× |
Non-Institutional Investors (NII) |
14.47× |
Total |
12.64× |
The final-day surge was driven primarily by aggressive institutional buying, reinforcing confidence in the renewable energy company’s long-term outlook. Strong retail and NII participation further underlines the positive reception of the IPO across investor categories.
The price band for the GRE Renew Enertech Ltd IPO is set between ₹100 and ₹105 per share, with a face value of ₹10 per share. Investors can apply for a minimum of 1 lot (1,200 shares) and in multiples of 1,200 shares thereafter.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
2 |
2,400 |
₹2,52,000 |
S-HNI (Min) |
3 |
3,600 |
₹3,60,000 |
B-HNI (Min) |
5 |
6,000 |
₹6,00,000 |
For detailed insights about the company, issue particulars, and the latest updates, visit the GRE Renew Enertech IPO on Bajaj Markets.
The timeline below shows key milestones for the IPO — from bidding to listing:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
January 13, 2026 |
Issue opens for subscription |
IPO Close Date |
January 16, 2026 |
Final day to submit bids |
Basis of Allotment |
January 19, 2026 |
Finalisation of share allotment |
Refunds Initiation |
January 20, 2026 |
Refunds begin for unallotted investors |
Credit of Shares to Demat |
January 20, 2026 |
Shares credited to successful applicants |
Listing Date |
January 21, 2026 |
Shares to debut on the BSE SME platform |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the GRE Renew Enertech Ltd IPO using either the ASBA facility through your bank or via UPI on broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘GRE Renew Enertech Ltd IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘GRE Renew Enertech Ltd IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Check other upcoming Ipo’s here: Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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