Ahmedabad, January 16, 2026: The SME IPO of GRE Renew Enertech Limited (Symbol: GRERENEW) entered its final day of bidding today, January 16, with overall subscription standing at 2.59 times as of 10:41 AM on January 15, driven by strong interest from qualified institutional buyers and steady participation from non-institutional investors.
The issue, which opened on January 13 and closes today, is priced in a band of ₹100–₹105 per share, with bids continuing to cluster at the upper end of the price band.
Price-Wise Demand at BSE
As per the latest available bid book, demand remains concentrated across all price points, with the highest quantity recorded at the lower end of the band.| Price (₹) | Quantity Bid (Shares) |
|---|---|
| 100.00 | 70,16,400 |
| 102.00 | 70,11,600 |
| 103.00 | 70,06,800 |
| 104.00 | 69,97,200 |
| 105.00 | 69,92,400 |
Category-Wise Subscription Status
The demand schedule shows institutional investors leading the book, while retail participation continues to build ahead of the final close.| Category | Shares Reserved | Applications | Shares Bid | Subscription (x) |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 7,14,000 | 2 | 50,28,000 | 7.04x |
| Non-Institutional Investors (Total) | 7,32,000 | 94 | 8,62,800 | 1.18x |
| • NII > ₹10 lakh | 3,60,000 | 32 | 6,28,800 | 1.75x |
| • NII ≤ ₹10 lakh | 1,80,000 | 62 | 2,34,000 | 1.30x |
| Retail Individual Investors | 12,60,000 | 469 | 11,25,600 | 0.89x |
| Total | 27,06,000 | 565 | 70,16,400 | 2.59x |
Grey Market Trend Remains Steady
In the unofficial market, GRE Renew Enertech SME IPO continues to quote a grey market premium (GMP) of ₹7 per share, unchanged over the past few sessions.| Date | IPO Price (₹) | GMP (₹) | Estimated Listing Price (₹) | Est. Gain per Lot |
|---|---|---|---|---|
| Jan 16, 2026 | 105 | 7 | 112 (6.67%) | ₹8,400 |
| Jan 15, 2026 | 105 | 7 | 112 (6.67%) | ₹8,400 |
| Jan 14, 2026 | 105 | 7 | 112 (6.67%) | ₹8,400 |
| Jan 13, 2026 | 105 | 7 | 112 (6.67%) | ₹8,400 |
Issue Snapshot
- Issue Period: January 13 to January 16, 2026
- Issue Size: 37.68 lakh equity shares
- Face Value: ₹10 per share
- Market Lot: 1,200 shares
- Minimum Application: 2,400 shares
- Lead Manager: Share India Capital Services Private Limited
About the Company
GRE Renew Enertech Limited operates in the renewable energy space, with a focus on LED lighting, solar lighting systems, power products, and renewable energy project development and EPC services. The company caters to both manufacturing and project execution segments, positioning itself across multiple layers of the clean energy value chain.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.