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GRE Renew Enertech IPO

Renewable Energy - Listed on 21 January 2026

-8.6% listing gain
Issue Price (Upper)
Rs 105
Listing Price
Rs 96
Closing Price (NSE)
Rs 91.2
Total Subscription
16.61x

GRE Renew Enertech IPO listing summary

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.

Listing day performance

Listing Gain (Open)
-8.57%
Listing Gain (Close)
-13.14%
Day Change After Listing
-5.00%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB14.69x
HNI / NII25.02x
Retail14.10x
Overall16.61x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 12.26x
Day 22.78x
Day 3 (Final)16.61x

GRE Renew Enertech IPO GMP history

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.

DayGMP (Rs)GMP %
Day 1Rs 7+6.67%
Day 2Rs 7+6.67%
Day 3Rs 7+6.67%
Day 4Rs 7+6.67%
Day 5Rs 7+6.67%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
6.7%
IPOGyani AI Prediction
-
Actual Listing Gain
-8.6%

Issue & financials

Issue SizeRs 39.56 Cr
Fresh IssueRs 39.56 Cr
OFSRs 0 Cr
IPO PE15.65
Peer / Sector PE28.00
PE vs Sector Ratio0.56
Latest EBITDA (Cr)11.33
Debt / Equity0.05

Market context at listing

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.

Nifty 3D Return-2.09%
Nifty 1W Return-1.98%
Nifty 1M Return-3.88%
Nifty during IPO window-0.15%

GRE Renew Enertech IPO - FAQs

What was the listing gain of GRE Renew Enertech IPO?

GRE Renew Enertech IPO listed at -8.6% versus the upper issue price of Rs 105 on 21 January 2026.

How many times was GRE Renew Enertech IPO subscribed?

GRE Renew Enertech IPO was subscribed 16.61x overall. QIB portion was subscribed 14.69x, HNI / NII 25.02x and Retail 14.10x.

What was the IPO GMP for GRE Renew Enertech?

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.

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