Rays Power Infra Limited IPO
Rays Power Infra Limited IPO
IPO Date :
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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 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 is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
Rays Power IPO Strength Factors
NA
Rays Power IPO Risk Factors
NA
Rays Power IPO Lead Manager(s)
- Anand Rathi Securities Limited
- Pantomath 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 FAQs
Rays Power Infra Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byJanuary 31, 2026 11:49:57 AM (Day 31).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rays Power IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Rays Power IPO FAQs
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Rays Power Infra Limited was listed on the stock exchange on . The IPO was subscribed 0x. The last GMP for Rays Power Infra Limited IPO was ₹0, updated on January 31, 2026 11:49:57 AM (Day 31). As per the last GMP, the expected profit/loss for the IPO was ₹0.
The IPO allotment has not been confirmed yet. To check your status , Rays Power IPO Allotment Status Please Click Here.
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If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on or send an email with all relevant details to .