SME IPO, Jan. 13 -- The initial public offering (IPO) of GRE Renew Enertech opened for subscription on Tuesday, January 13. The SME IPO will remain open for bidding till Friday, January 16.

GRE Renew Enertech focuses on delivering solar energy solutions for industrial and commercial clients, primarily through the installation of on-site solar projects. Its operations are broadly classified into two segments-Capital Expenditure (Capex) and the Renewable Energy Service Company (RESCO) model.

Under the Capex segment, the company provides end-to-end services including engineering, procurement, construction, and operation of solar installations. In the RESCO model, the company enters into agreements with rooftop owners to develop and operate...