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Infrax Renewable Limited

Infrax Renewable Limited

Power Generation/Distribution
open
₹2.50LMin. investment
  1. Pre-apply
    8 Sep
  2. Bid start
    9 Sep
  3. Bid end
    11 Sep
  4. Allotment
    15 Sep
  5. Release of funds
    16 Sep
  6. Demat transfer
    16 Sep
  7. Listing
    17 Sep

Infrax Renewable Limited IPO Details

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

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹93.21Cr
This sector
₹7,783.3Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
211%
This sector
0.01%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹10.2Cr
This sector
₹1,281.2Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹148.05Cr
This sector
₹38,103.65Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
9.58
This sector
45.35
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.44
This sector
2.10
Compare with companies

Objectives

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

Investors can apply for the Infrax Renewable Limited through their Demat account via the stock exchange or through their broker.
The issue size of the Infrax Renewable Limited is 41 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
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