Ahmedabad, January 12, 2026: GRE Renew Enertech Limited (Symbol: GRERENEW) has finalised its anchor investor allocation ahead of the opening of its public issue, with institutional investors subscribing to 10.62 lakh equity shares at an allocation price of ₹105 per share, aggregating to ₹11.15 crore.
The anchor allocation was approved by the board of directors at its meeting held on January 12, 2026, in consultation with the book running lead manager. The anchor portion accounts for a significant part of the institutional book, signalling early demand ahead of the IPO opening on January 13, 2026 .
Anchor Allocation Details
The anchor book saw participation from a mix of domestic funds and investment vehicles. The allocation details are as follows:| Anchor Investor Name | Equity Shares Allocated | Share of Anchor Portion (%) | Amount Allocated (₹) | Allocation Price (₹) |
|---|---|---|---|---|
| Strategic Sixth Sense Capital Fund | 1,68,000 | 15.82 | 1,76,40,000 | 105 |
| MAIQ Growth Scheme – Long Only | 1,04,400 | 9.83 | 1,09,62,000 | 105 |
| Rajasthan Global Securities Private Limited | 1,04,400 | 9.83 | 1,09,62,000 | 105 |
| North Star Opportunities Fund – VCC Bull Value Incorporated (Sub-Fund) | 1,04,400 | 9.83 | 1,09,62,000 | 105 |
| SMC India Opportunities Fund | 1,04,400 | 9.83 | 1,09,62,000 | 105 |
| GroBiz SME Opportunity Fund | 1,04,400 | 9.83 | 1,09,62,000 | 105 |
| PESB Alpha Fund | 1,04,400 | 9.83 | 1,09,62,000 | 105 |
| CCV Emerging Opportunities Fund-I | 1,04,400 | 9.83 | 1,09,62,000 | 105 |
| Viney Growth Fund | 1,63,200 | 15.37 | 1,71,36,000 | 105 |
| Total | 10,62,000 | 100.00 | 11,15,10,000 | — |
IPO Snapshot
GRE Renew Enertech’s public issue will open for subscription on January 13, 2026, and close on January 16, 2026. The IPO is priced in a band of ₹100–₹105 per share and comprises a total issue size of 37.68 lakh equity shares with a face value of ₹10 each.Key offer details include:
- Market lot: 1,200 shares
- Minimum application size: 2,400 shares
- Maximum QIB bid: 35.76 lakh shares
- Maximum Non-Institutional bid: 18.00 lakh shares
About the Company
GRE Renew Enertech Limited, formerly known as GRE Renew Enertech Private Limited, operates in the renewable energy segment with activities spanning LED lighting, solar lighting, power products, and renewable energy project development and EPC services. The company is based in Gujarat and caters to both product manufacturing and project execution across the clean energy value chain.Source:
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