Renewable Energy - Listed on 21 January 2026
GRE Renew Enertech (Renewable Energy) closed its IPO window in 2026 and listed on NSE and BSE on 21 January 2026 at an upper band issue price of Rs 105, opening at Rs 96 for a listing gain of -8.6% and closing day one at Rs 91.2 (-13.1% on closing basis). The IPO was subscribed 16.61x overall - QIB 14.69x, HNI/NII 25.02x, Retail 14.10x. The total issue size was Rs 39.56 Cr (Fresh Issue Rs 39.56 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Renewable Energy
GRE Renew Enertech operates in the Renewable Energy space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The GRE Renew Enertech issue was offered at an upper price of Rs 105 and raised approximately Rs 39.56 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 7 | +6.67% |
| Day 2 | Rs 7 | +6.67% |
| Day 3 | Rs 7 | +6.67% |
| Day 4 | Rs 7 | +6.67% |
| Day 5 | Rs 7 | +6.67% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the GRE Renew Enertech IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
GRE Renew Enertech IPO listed at -8.6% versus the upper issue price of Rs 105 on 21 January 2026.
GRE Renew Enertech IPO was subscribed 16.61x overall. QIB portion was subscribed 14.69x, HNI / NII 25.02x and Retail 14.10x.
IPO GMP started at Rs 7 on Day 1 and moved to Rs 7 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.