Gujarat, India.
Initial public issue of up to 37,68,000 equity shares of face value of (₹) 10/- each of GRE Renew Enertech Limited ("GRE or the company or the "Issuer") for cash at a price of (₹) 100-(₹) 105 per equity share including a share premium of (₹) 90-(₹) 95 per equity share (the "Issue Price") aggregating to (₹) 37.68-(₹) 39.56 crores ("The Offer"), comprising a fresh issue of up to 37,68,000 equity shares aggregating up to (₹) 37.68-(₹) 39.56 crores by the company ("Fresh Issue") out of which, 1,92,000 equity shares aggregating to (₹) 1.92-(₹) 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 (₹) 10/- each at a price of (₹) 100-(₹) 105 per equity share including a share premium of (₹) 90-(₹) 95 per equity share aggregating to (₹) 35.76-(₹) 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: (₹) 100/-to (₹) 105/- per equity share of face value of (₹) 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.
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