Sharescart Research Club logo
Products
Research
Tools
About
ChatGPT Claude Perplexity
Summarize with
ChatGPT Claude Perplexity
Join Channel
Apollo Green₹ 72 (28.6%)ASK Investment₹ 895 (-3.2%)AVPL ₹ 49 (0%)Bootes Impex₹ 775 (-8.8%)CIAL ₹ 442 (-0.5%)CSK ₹ 254 (-3.1%)ESDS Software₹ 478 (2.8%)Garuda Aerospace₹ 468 (-2.1%)Goodluck Defence₹ 385 (16%)Hero Motors₹ 325 (0%)Hinduja Leyland₹ 248 (0%)ICL Fincorp₹ 25 (0%)Incred Holdings₹ 154 (2.7%)Kineco Limited₹ 3285 (0%)Lava ₹ 60 (15.4%)Market Simplified₹ 26 (-7.1%)Matrix Gas₹ 12 (-20%)Motilal Oswal₹ 12.25 (-2%)MSEI ₹ 6.35 (-2.3%)NCDEX ₹ 368 (-1.6%)NSE ₹ 1985 (-2%)Onix Renewable₹ 68 (21.4%)OYO ₹ 23 (-4.2%)OYO Assets₹ 9.25 (-7%)Philips India₹ 1250 (0%)Polymatech Electronics₹ 56 (-3.4%)SBI Mutual₹ 768 (-0.9%)Taparia Tools₹ 6050 (0%)VCI Chemical₹ 64 (0%)Zepto ₹ 40 (-4.8%)

15 Days Price Change

GRE Renew Enertech IPO

Closing In

  • days
  • Hours
  • Minutes
  • Seconds

WEBSITE Inc. Year: 2008 Industry: Engineering - Construction Listed Page

Profile
Issue Size 28.41 Cr
Profile
Price Range 100  to  105 per share
Profile
Min Investment ₹105
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

GRE is an emerging player in the field of Rooftop and ground mount solar solutions. GRE Renew EnertechLimited is a company that specializes in providing solar energy solutions to industrial and commercialcustomers. We offer green energy solutions by installing on-site solar projects. Our business operations areprimarily divided into two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company(RESCO). Under the CAPEX model, we offer Engineering, Procurement, construction, and operation of solarprojects. In this model, customers invest in the Capital Expenditure at their own and our Company doesEngineering, Procurement, Construction, and Operation on behalf of the client. Under CAPEX Model we havebeen planning to implement a 20 MWp project through our wholly owned subsidiary - GRE Green EnergyPrivate Limited. Our Company is also an Indian manufacturer of Light Emitting Diode (“LED”) lightingsolutions. However, since last few years the prime focus of our Company is in the Solar Energy segment only.The turnover from lighting business is only 4.16% of the total turnover of our Company as per the last auditedfinancial statements for the Financial Year ended March 31, 2024. Read More

Basic Info

Face Value 10 per share

Price 100  to  105 per share

P/E (x) 15.7

Sales( Cr.) 84

PAT( Cr.) 7

EPS 6.7

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Kamleshkumar Dahyalal Patel Kirtikumar Kantilal Suthar Mukeshkumar Prahladbhai Trivedi.

Pre Issue Share Holding 95.05%

Post Issue Share Holding 69.99%

Listing Details:

Listing Price: 96

Listing Gain: -9.38%

Current Price: 161.5

Gain On Issue: 161.5 | 0%

GMP: 1

GMP %: 1 %

IPO Tentative Timetable

Opening Date Jan 13, 2026
Closing Date Jan 16, 2026
Allotment Jan 19, 2026
Refund Jan 20, 2026
Delivery of Shares Jan 20, 2026
Listing Date Jan 21, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2400 252,000
Retail (Max) -- -- --
S-HNI (Min) 1 2400 252,000
S-HNI (Max) 3 7200 756,000
B-HNI (Min) 4 9600 1,008,000

Objective of the Issue

1. Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant2. General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 714000 10485600 14.7x
NII 732000 13513200 18.5x
Retail 1260000 17760000 14.1x
EMP 0 0 0x
Total 2706000 41758800 15.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

GRE Renew Enertech Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 36 52 90 84
Other Income 1 1 2 1
Total Income 37 53 92 84
Total Expenditure 35 51 79 74
Operating Profit 2 2 13 10
Interest 1 0 0 0
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 2 13 9
Provision for Tax 0 1 3 2
Profit After Tax 1 1 10 7
Adjustments 0 0 0 0
Profit After Adjustments 1 1 10 7
Adjusted Earnings Per Share 0.9 0.9 9.9 6.7

GRE Renew Enertech Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 10 11 21 31
Minority's Interest 0 0 0 0
Borrowings 3 1 2 1
Other Non-Current Liabilities 0 0 0 0
Total Current Liabilities 6 39 26 13
Total Liabilities 19 52 49 45
Fixed Assets 9 3 2 5
Other Non-Current Assets 1 1 2 10
Total Current Assets 9 48 44 31
Total Assets 19 52 49 45

GRE Renew Enertech Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 2 2 6
Cash Flow from Operating Activities -0 -3 6 11
Cash Flow from Investing Activities -0 6 -1 -10
Cash Flow from Financing Activities -1 -3 -1 -0
Net Cash Inflow / Outflow -1 -0 5 0
Closing Cash & Cash Equivalent 2 2 6 7

GRE Renew Enertech Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.91 0.89 9.91 6.68
CEPS(Rs) 1.32 1.27 10.18 7.02
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 9.78 11.14 21.03 29.68
Core EBITDA Margin(%) 3.01 2.62 12.71 11.33
EBIT Margin(%) 5.58 3.61 14.42 11.69
Pre Tax Margin(%) 3.87 2.91 13.98 11.31
PAT Margin (%) 2.55 1.71 10.96 8.39
Cash Profit Margin (%) 3.7 2.42 11.26 8.82
ROA(%) 4.77 2.52 19.66 14.86
ROE(%) 9.32 8.54 61.58 26.89
ROCE(%) 11.36 11.28 62.78 33.5
Receivable days 27.75 16.4 15 31.46
Inventory Days 34.58 26.01 17.91 19.66
Payable days 15.86 9.22 4.03 14.24
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.2 0.08 -0.01 0.06
EV/Core EBITDA(x) 2.95 1.91 -0.04 0.53
Net Sales Growth(%) 0 45.92 73 -7.33
EBIT Growth(%) 0 -5.49 590.33 -24.86
PAT Growth(%) 0 -2.04 1009.58 -29.06
EPS Growth(%) 0 -2.04 1009.58 -32.57
Debt/Equity(x) 0.8 0.43 0.22 0.05
Current Ratio(x) 1.56 1.23 1.71 2.43
Quick Ratio(x) 0.98 1.12 1.53 2.09
Interest Cover(x) 3.26 5.17 33.31 30.49
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -7% 33% 0% 0%
Operating Profit CAGR -23% 71% 0% 0%
PAT CAGR -30% 91% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 27% 32% 27% 27%
ROCE Average 34% 36% 30% 30%

Company Contact Information

GRE Renew Enertech Ltd.

Rohan Jayeshbhai Dhruve

+91 9974039300

cs@greindia.com

Plot No. 423 G. I. D. C.- I I Dediyasan

IPO Lead Manager(s)

GRE Renew Enertech Ltd.

Share India Capital Services Pvt Ltd.

Registrar Info

GRE Renew Enertech Ltd.

Maashitla Securities Pvt Ltd.

451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, New Delhi – 110034

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

Wealth Icon
Don’t Miss Out on Unlisted Shares

Open your account today and gain instant access to top unlisted shares and pre-IPO opportunities.

whatsapp

Error!