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Infrax Renewable IPO
Infrax Renewable IPO
Overview
Infrax Renewable IPO is a fixed issue price of ₹40.88 crores. The issue is a combination of fresh issue of 32.51 lakh shares aggregating to ₹33.81 crores and offer for sale of 6.80 lakh shares aggregating to ₹7.08 crores. Infrax Renewable IPO opens for subscription on Sep 9, 2026 and closes on Sep 11, 2026. The allotment for the Infrax Renewable IPO is expected to be finalized on Sep 15, 2026. Infrax Renewable IPO will list on the BSE SME with a tentative listing date fixed as Sep 17, 2026. Infrax Renewable IPO is set final issue price at ₹104 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,49,600 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,74,400. Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd.
Total Shares
39,31,200
Issue Size
₹41 Cr
Price Band
₹104 – ₹104
Lot Size
1200 shares
Min. Investment
₹1,24,800
Max. Investment
₹1,24,800
Open Date
09 Sep, 2026
Close Date
11 Sep, 2026
Allotment
15 Sep, 2026
Listing
17 Sep, 2026
Max. Investment
₹1,24,800
Announced
09 Sep, 2026
Opening Date
09 Sep, 2026
Closing Date
11 Sep, 2026
Basis of Allotment
15 Sep, 2026
Initiation of Refunds
16 Sep, 2026
Credit of Shares
16 Sep, 2026
Listing Date
17 Sep, 2026
Apply via UPI in 5 minutes
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About Infrax Renewable IPO
Incorporated in September 2024, Infrax Renewable Limited is a solar energy company engaged in providing Engineering, Procurement and Construction (EPC) services for rooftop and ground-mounted solar power projects. The company also supplies a wide range of solar products, including solar PV modules, inverters, and related equipment, and operates as an Independent Power Producer (IPP) through its own solar power plant in Gujarat under a Power Purchase Agreement (PPA) with PGVCL.
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Infrax Renewable IPO Share Price
Issue Breakdown
Shareholding
Dilution: 29.6% increase in shares
Infrax Renewable IPO Financial Health
Infrax Renewable Ltd.'s revenue increased by 206% and profit after tax (PAT) rose by 258% between the financial year ending with March 31, 2026 and March 31, 2025.
Infrax Renewable IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,49,600 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,49,600 |
| HNI (Min) | 3 | 3600 | ₹3,74,400 |
(All values in CR)
Infrax Renewable IPO Valuations
| Metric | Value |
|---|---|
| ROE | 115.54 |
| ROCE | 63.89 |
| Debt/Equity | 0.44 |
| RoNW | 64.68 |
| PAT Margin | 10.94 |
| EBITDA Margin | 15.62 |
| NAV | 15.77 |
| Price to Book Value | 6.59 |
(All values in CR)
Infrax Renewable IPO Strength & Risk
Infrax Renewable IPO Strength
- Established track record in executing solar EPC projects
- Presence across rooftop and ground-mounted solar projects
- Wide range of solar products, including PV modules and inverters
- Diversified business model combining EPC, product supply and power generation
- Long-term PPA model provides relatively stable revenue visibility
- Growing revenue and profitability performance
- Exposure to the expanding renewable energy and solar power market
Infrax Renewable IPO Risk
- Limited operating history as a recently incorporated company
- Dependence on customers for EPC orders and project execution
- Solar EPC business can face intense competition and pricing pressure
- Dependence on suppliers for solar modules, equipment and other components
- Project delays or cost overruns could affect profitability
- Renewable power generation is exposed to weather and plant-performance risks
Infrax Renewable IPO GMP
Last updated 04 Sep, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 04 Sep, 2026 | 0 | ₹0 | - | ₹ (%) | - | 04 Sep, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Infrax Renewable IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Infrax Renewable IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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