GRE Renew Enertech Ltd - IPO

GRE Renew Enertech Ltd IPO Details

Initial public issue of up to 37,68,000 equity shares of face value of Rs. 10/- each of GRE Renew Enertech Limited (GRE or the company or the Issuer) for cash at a price of Rs. 100-Rs. 105 per equity share including a share premium of Rs. 90-Rs. 95 per equity share (the Issue Price) aggregating to Rs. 37.68-Rs. 39.56 crores (The Offer), comprising a fresh issue of up to 37,68,000 equity shares aggregating up to Rs. 37.68-Rs. 39.56 crores by the company (Fresh Issue) out of which, 1,92,000 equity shares aggregating to Rs. 1.92-Rs. 2.02 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e., net offer of up to 35,76,000 equity shares of face value of Rs. 10/- each at a price of Rs. 100-Rs. 105 per equity share including a share premium of Rs. 90-Rs. 95 per equity share aggregating to Rs. 35.76-Rs. 37.55 crores is herein after referred to as the Net Offer. The offer and the net offer will constitute 26.37% and 25.02%, respectively, of the post issue paid up equity share capital of the company.Price Band: Rs. 100/-to Rs. 105/- per equity share of face value of Rs. 10/- each. The floor price is 10 times of the face value and the cap price is 10.5 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.

Objective of issue

Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant. General corporate purposes.

GRE Renew Enertech Ltd Contact Details

GRE Renew Enertech Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@greindia.com

Website - https:, greindia.com