Rays Power Infra Limited

Offer Period- – -

- – -

MainBoardUpcoming

Listed Price:

—

Price Band₹0 - ₹0

Lot Size0 Shares

Allotment Date-

Listing Date-

Subscription-

Issue Size₹0.00 Cr

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0
(0.00%)

Premium (ELP)

Rays Power Infra Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of TBD. The offering comprises a fresh issue component of TBD.

The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.

The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.

Rays Power IPO Details

IPO Date

- to -

Allotment Date

List Date

Lot Size

0 share

Issue Price

₹0 - ₹0

Issue Size

Fresh Issue

Offer For Sale

Listing At

NSE, BSE

Share Holding Pre-Issue

28,57,88,851

Share Holding Post-Issue

Market Marker Portion

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Rays Power IPO Key Performance Indicators

Learn About IPO KPIs →

KPI	Values

KPI	Values
EPS	4.88
ROE	28.89
ROCE	29.80
RONW	28.89
PRE IPO(PE)	0
POST IPO(PE)	0

Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).

Company Financials (In Crores)

Period Ended	Mar-25	Mar-24	Mar-23

Period Ended	Mar-25	Mar-24	Mar-23
Assets	1,432.71	750.66	652.54
Revenue	1,238.13	1,072.51	890.51
Net Worth	615.79	348.79	188.87
Profit after tax	139.35	91.39	128.99
Reserves And Surpluse	558.85	294.57	175.76
Total Borrowing	270.45	139.32	110.30

Rays Power IPO About Company

Founded in 2011, Rays Power Infra Ltd is a renewable energy solutions provider in India, focusing mainly on solar power. The company has delivered 50 renewable projects with a total installed capacity of 1,771.18 MWp as of July 2025. It operates through two models—Co-Development, which handles land aggregation, approvals, and SPV transfers, and EPC, offering complete project execution from design to commissioning. With an order book worth ₹80,342.61 million across 30 projects, its clients include Serentica Renewables, Ampin Energy, SJVN Green Energy, and Indore Municipal Corporation. Operating in 13 states and 1 union territory, Rays Power Infra employs 392 people.

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.

💡 Read our detailed guide: What is IPO Grey Market Premium (GMP) & How It Works?•📈 Track all live rates on IPO GMP Today

✅Rays Power IPO Strength Factors

⚠️Rays Power IPO Risk Factors

🏦Rays Power IPO Lead Manager(s)

Anand Rathi Securities LimitedPantomath Capital Advisors Private Limited

👤Rays Power IPO Promoter(s)

Ketan Mehta
Pawan Kumar Sharma
Sanjay Garudapally
Sweta Mehta
Richa Sharma
Shruthi Gupta Garudapally
Mehta Family Trustee Private Limited
Mehta Family Trust
Sharma Family Trust
Garudapally Family Trust

🏢Rays Power IPO Company Details

Rays Power Infra Limited

Email:cs@rayspowerinfra.com

Phone:+0141 403 8767

Website:https://rayspowerinfra.com/

address:1 st - 21 Evershine Mall, North Meter Cabin 1, Malad (West) Mumbai, Maharashtra, 400064

📋Rays Power IPO Registrar

Bigshare Services Private Limited

Name:Bigshare Services Private Limited

Phone:+91-22-6263 8200

Email:ipo@bigshareonline.com

Website:https://ipo.bigshareonline.com/IPO_Status.html

❓Rays Power IPO FAQs

Rays Power IPO is a main-board IPO of 0 equity shares of the face value of ₹2 Per Share aggregating up to ₹0.00 crore shares. The issue is priced at ₹0 - ₹0 per share. The minimum order quantity is .The IPO opens on -, and closes on -. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.

Zerodha customers can apply online in Rays Power IPO using UPI as a payment gateway. Zerodha customers can apply in Rays Power IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Rays Power IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Rays Power IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Rays Power IPO opens on - and closes on -.

You can apply in Rays Power IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Rays Power IPO will be done on -, and the allotted shares will be credited to your demat account by -

Rays Power IPO's listing date is -.

Rays Power IPO GMP (Grey Market Premium) is the unofficial price at which IPO shares trade before listing on the stock exchange. It shows investor demand, IPO listing gain expectations, and overall IPO market sentiment. Current GMP is ₹0. Track all live rates on our IPO GMP Today tracker.

Rays Power Infra Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0(0.00%)

Premium (ELP)

₹0
(0.00%)