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
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- Step 2
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- Step 3
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- Step 4
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- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.