Gre Renew Enertech Limited IPO

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)

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