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Issue Open Date
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13-Jan-26
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Issue Closing Date
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16-Jan-26
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Application Money
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100
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Allotment Money
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Price Band
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100
-
105
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Minimium Application No.
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2400
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Issue Size (Shares)
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2706000
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Market Lot
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1
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Objective
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1. Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant2. General corporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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732000
|
13513200
|
18.46
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Qualified Institutional Buyers
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714000
|
10485600
|
14.69
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Retail Individual Investors
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1260000
|
17760000
|
14.1
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Business Description
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.
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Promoter's Holding
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Total Share Capital
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10000000
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Offered to Public
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2706000
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Promoter's Holding (Pre-Issue)
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95.05
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Promoter's Holding (Post-Issue)
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69.99
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Address |
Plot No. 423
G. I. D. C.- I I
Dediyasan
Mehsana,
Gujarat,
384002
Phone : 7777983683
Email : info@greindia.com
Website : https://greindia.com/
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Registrar |
Maashitla Securities Pvt Ltd.
451
Krishna Apra Business
Square
Netaji Subhash Place
Pitampura
New Delhi
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Listed at |
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BSE
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Lead Manager |
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Share India Capital Services Pvt Ltd.
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Promoters |
Kamleshkumar Dahyalal Patel
Kirtikumar Kantilal Suthar
Mukeshkumar Prahladbhai Trivedi.
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