IPO SYNOPSIS

GRE Renew Enertech Ltd
Registered Office:
Plot No.423 GIDC II,Dediyasan,
Mehsana - 384002,
Gujarat, India.
Email :  cs@greindia.com
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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
13-Jan-26
16-Jan-26
100.00-105.00
0.00-0.00
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
Project Financed
37.68
 
Post Issue
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
No Data Available!!!
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