GRE Renew Enertech Lists on BSE SME Below IPO Price Amid Modest Market Response

GRE Renew Enertech debuted on the BSE SME platform on January 21, 2026, with its IPO priced at Rs 105 per share, raising Rs 39.56 crore through a fresh issue. Despite a grey market premium of Rs 1, the stock listed at Rs 96, an 8.57% discount, and later hit a 5% lower circuit at Rs 91.20. The IPO was subscribed over 15 times. GRE Renew Enertech focuses on solar energy solutions under CAPEX and RESCO models, targeting commercial and industrial clients.