2.05xsubscribed
Infrax Renewable Limited
2.05xsubscribed
Power Generation/Distribution
listed
2.05xsubscribed
₹2.50LMin. investment
Infrax Renewable Limited IPO Details
Sector
Power Generation/Distribution
Issue size
₹41Cr
IPO type
SME
Market cap
₹148.05CrLower than sector avg
Price range
₹104 – ₹104
Listing exchange
BSE
RevenueApr 2025 - Mar 2026
₹93.21CrLower than sector avg
Listing date
17 Sep 2026
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
Infrax Renewable Limited Subscription Status
As on 09-Sep-26, 5:00 PM
Infrax Renewable Limited Timeline
- Pre-apply8 Sep 2026
- Bid start9 Sep 2026
- Bid end11 Sep 2026
- Allotment15 Sep 2026
- Release of funds16 Sep 2026
- Demat transfer16 Sep 2026
- Listing17 Sep 2026
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.
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Objectives of Infrax Renewable IPO
Working capital requirements
50.20%
Capital expenditure
36.30%
Issue expenses
7.30%
General corporate purposes
6.00%
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Infrax Renewable Limited Contact Details
Company NameInfrax Renewable Limited
How to apply for Infrax Renewable Limited?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Infrax Renewable IPO FAQs
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.
What are the open and close dates of the Infrax Renewable Limited ?
Infrax Renewable Limited will be open between 2026-09-09 and 2026-09-11.
What is the allotment date for the Infrax Renewable Limited ?
Infrax Renewable Limited allotment date is 2026-09-16. For Infrax Renewable Limited allotment status check, you can visit the website of the registrar of the IPO.
Who is the registrar of Infrax Renewable Limited ?
For Infrax Renewable Limited, the IPO registrar is Bigshare Services Private Limited. You can check Infrax Renewable Limited allotment status on the website of the registrar.
Where is the Infrax Renewable Limited getting listed?
The shares are proposed to be listed on the BSE and NSE.
When will Infrax Renewable Limited shares be credited to your demat account?
The Infrax Renewable Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
What is the lot size and minimum order quantity of the Infrax Renewable Limited ?
The Infrax Renewable Limited lot size is 1200 and minimum order quantity is 2400.
What is the price band for the Infrax Renewable Limited ?
Infrax Renewable Limited has set the price band for its IPO at 104 per equity share with a face value of 10.