Infrax Renewable Limited
ListedSMEPower · BSE
Infrax Renewable Limited, incorporated in September 2024, is a solar energy company providing Engineering, Procurement and Construction (EPC) services for rooftop and ground-mounted solar power projects. The Company also supplies solar PV modules, inverters and other 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. Its end-to-end services cover project design, engineering, procurement, installation, testing, commissioning and operation & maintenance (O&M). Infrax serves residential, commercial and industrial customers through a wide dealer network and has been empanelled as a national vendor under the PM Surya Ghar: Muft Bijli Yojana. The Company operates warehouses in Rajkot, Ahmedabad and Kanpur, along with branch offices across Gujarat, Maharashtra, Madhya Pradesh and Uttar Pradesh, serving customers across multiple states. It is ISO 9001:2015 certified and plans to expand its backward integration through in-house facilities for solar panel recycling and silver extraction, solar mounting structures and solar frame manufacturing. As of March 31, 2026, Infrax Renewable had 52 permanent employees across various functions including sales, technical services, finance, project design, HR, material handling and management.
Price Band
₹104
Issue Size
₹393.12 L Cr
Lot Size
1200 shares
GMP
—
Est. Listing
₹104
at current GMP
Subscribed
2.05x
overall
Open
9 Sep 2026
Close
11 Sep 2026
Allotment
15 Sep 2026
Refund
16 Sep 2026
Demat Credit
17 Sep 2026
Listing
17 Sep 2026
Last updated 11 days ago
Overall Subscription
2.05x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
2.20x
High Net-Worth
Retail (RII)
1.90x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 1,850,400 | 4,066,800 | 2.20x |
| RETAIL | 1,881,600 | 3,566,400 | 1.90x |
| Total | 3,732,000 | 7,633,200 | 2.05x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 784 | 1,486 | 1.90x |
| HNIs (2-10L) | 514 | 264 | 0.51x |
| Total Applications | 1,298 | 1,750 | 1.35x |
Day-Wise Subscription Progress
About Infrax Renewable Limited Public Issue & Market Profile
Infrax Renewable Limited is bringing an initial public offering (IPO) in the Power sector with an aggregate issue size of ₹39,31,200 Crores. The shares are offered at a price band of ₹104 to ₹104 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Bidding & Quota Instructions:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Allotment Reconciliation Schedule:
Following the close of bidding on 2026-09-11, the basis of allotment is scheduled to be finalized on 2026-09-15. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is the issue size and price band for Infrax Renewable Limited IPO?
The Infrax Renewable Limited IPO aggregate issue size is ₹39,31,200 Crores with an equity price band set at ₹104 to ₹104 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,24,800.
How can I check Infrax Renewable Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Infrax Renewable Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2026-09-15.