GRE Renew Enertech SME IPO Details 2026

GRE Renew Enertech Limited is engaged in the business of solar energy solutions and LED lighting products.

They offer rooftop and ground-mounted solar installations, as well as indoor and outdoor LED lighting solutions.

The company, originally a manufacturer of LED lighting solutions, now primarily focuses on solar energy.

Business Model:

• CAPEX Model (EPC) (Engineering, Procurement and Construction): The company follows the CAPEX model, where consumers own and fund solar systems, while EPC services manage engineering, procurement, construction, and commissioning, ensuring complete PV plant delivery and grid connection.
• RESCO Model (Opex): The company uses the RESCO model, where it funds and owns rooftop solar systems, earning annuity income while consumers pay monthly tariffs, though securing low-cost capital remains a key challenge.

Products and services:

• EPC (Engineering, Procurement, and Construction):Turnkey solar solutions from design to commissioning, including operation and maintenance as required.
• Rooftop Systems (On-Grid):Grid-tied solar systems reduce electricity bills by supplying power and feeding excess to the grid.
• Solar Rooftop Systems (Hybrid):Combines solar panels, batteries, and grid access to ensure a continuous, eco-friendly power supply anytime.
• PV Module:High-efficiency, reliable solar modules suitable for various applications with strong performance in all conditions.

Competitive Strengths:

• Experience Management Team
• Training and Skill development programs to strengthen Operation & Maintenance Team
• Existing number, visible order book, and favourable national policy support
• 24/7 Premium Support System
• ESG (Environment, Social and Governance)