Infrax Renewable Limited
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The investment community is evaluating the IPO prospectus of Infrax Renewable Limited's, which outlines a total fundraising target of 39,31,200 Shares. This includes 30,51,600 Shares in new equity capital and ₹7.00 Cr in existing share sales, providing both growth capital and shareholder liquidity.
Investors can participate within the price bracket of ₹104 to ₹104, with applications starting from 1200 shares. The offering's structure reflects careful consideration of market appetite and valuation metrics.
The bidding process opens on Sep 09, 2026 and concludes on Sep 11, 2026. Allotment finalization is scheduled for Sep 15, 2026, leading to the stock's debut on the trading screens of BSE on Sep 17, 2026.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Infrax Renewable Limited, incorporated in September 2024, is a solar energy company providing Engineering, Procurement and Construction (EPC) services for rooftop and ground-mounted solar power projects. The Company also supplies solar PV modules, inverters and other related equipment and operates as an Independent Power Producer (IPP) through its own solar power plant in Gujarat under a Power Purchase Agreement (PPA) with PGVCL. Its end-to-end services cover project design, engineering, procurement, installation, testing, commissioning and operation & maintenance (O&M). Infrax serves residential, commercial and industrial customers through a wide dealer network and has been empanelled as a national vendor under the PM Surya Ghar: Muft Bijli Yojana. The Company operates warehouses in Rajkot, Ahmedabad and Kanpur, along with branch offices across Gujarat, Maharashtra, Madhya Pradesh and Uttar Pradesh, serving customers across multiple states. It is ISO 9001:2015 certified and plans to expand its backward integration through in-house facilities for solar panel recycling and silver extraction, solar mounting structures and solar frame manufacturing. As of March 31, 2026, Infrax Renewable had 52 permanent employees across various functions including sales, technical services, finance, project design, HR, material handling and management.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Renewable Energy Focus: Operates in the renewable energy sector, positioning the company to benefit from India’s growing shift toward clean and sustainable power.
- Growing Market Opportunity: Increasing investments in solar, renewable infrastructure, and clean-energy projects provide significant opportunities for business expansion.
- Sustainability Advantage: Its focus on renewable energy aligns with rising demand for low-carbon energy solutions and supportive government initiatives.
- Project Execution Risk: Delays in obtaining approvals, developing projects, or commissioning renewable assets could affect revenue and profitability.
- Weather & Resource Dependence: Renewable power generation can be affected by sunlight, weather conditions, and other natural factors, leading to fluctuations in output.
- Regulatory & Competitive Risk: Changes in renewable energy policies, tariffs, regulations, and intense competition may impact project economics and margins.
- Bhargv Ashvinbhai Vachhani
- Gandhi Bhavik Tarunkumar
- Khushboo Bhargav Vachhani
Infrax Renewable Limited
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