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Infrax Renewable Limited
Power Generation/Distribution
open
₹2.50LMin. investment
Infrax Renewable Limited IPO Details
Issue size
₹41Cr
IPO type
SME
Market Cap
₹148.05CrLower than sector avg
Price range
₹104 – ₹104
Listing ExchangeBSE
RevenueApr 2025 - Mar 2026
₹93.21CrLower than sector avg
Lot size
1200 shares
Draft Red Herring Prospectus
Read
Growth rate3Y CAGR
211%Higher than sector avg
SectorPower Generation/Distribution
Price range₹104 – ₹104
IPO type
SME
Lot size1200 shares
Issue size₹41Cr
Draft Red Herring Prospectus
Read
Market Cap
₹148.05CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹93.21CrLower than sector avg
Growth rate3Y CAGR
211%Higher than sector avg
Checklist
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Companies in this sectorObjectives
Working capital requirements
50.20%
Capital expenditure
36.30%
Issue expenses
7.30%
General corporate purposes
6.00%
About Infrax Renewable Limited
Infrax Renewable is an ISO 9001:2015 certified solar power company operating in three main business segments. These are: EPC Services: Rooftop residential and ground-mounted commercial solar power plants, including design, installation and O&M services; Trading: Sales of solar PV panels, inverters and other components; and IPP (Independent Power Producer): 1.2 MW solar power plant at Bhadla, Jasdan, Rajkot, supplying power to PGVCL on the basis of long-term PPA.
The company's order backlog as of August 20, 2026, was represented by 3,100 projects totalling ₹62.44 crore. The number of dealers grew substantially from 720 dealers in FY24 to 2,830 dealers in FY26. During the last three financial years, the company managed to install and commission 5,708 rooftop and ground-mounted solar projects, with the total value of projects being more than ₹87.44 crore. The number of rooftop solar projects installed increased from 664 projects in FY24 to 3,078 projects in FY26.
Residential rooftop solar energy systems constituted 50.04%, solar product sales constituted 41.52%, and commercial ground-based solar installations constituted 8.44% of the revenue for FY26. Based on customer classification, consumer business contributed 58.48% in FY26, compared to FY24, where consumer business accounted for 96.15% of revenue, while business-to-business operations contributed 41.52% of the revenue in FY26. Region-wise, the company has a strong presence in Gujarat state, which constituted 97.41% of revenue in FY26, with a very small contribution from other states such as Uttar Pradesh, Madhya Pradesh, Rajasthan, and Telangana.
Frequently asked questions
How to invest in the Infrax Renewable Limited ?
Investors can apply for the Infrax Renewable Limited through their Demat account via the stock exchange or through their broker.
What is the issue size of Infrax Renewable Limited ?
The issue size of the Infrax Renewable Limited is 41 Cr.
What is 'pre-apply' for Infrax Renewable Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Infrax Renewable Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Ipo opens on 9 Sep 2026, 10:00 AM