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HomeIPOInfrax Renewable

About Infrax Renewable

Incorporated in September 2024, Infrax Renewable Limited is a company involved in offering solar power solutions through the provision of EPC solutions for rooftop and ground-mounted solar power plants. Additionally, they manufacture various solar components such as PV modules, inverters and other solar equipment and function as an IPP via their own solar power plant located in Gujarat operating under a PPA with PGVCL. Business operations:EPC Solutions: They offer end-to-end solar EPC solutions which include designing and engineering, procurement, installation, testing and commissioning, operation and maintenance and regulatory support services. Our projects include rooftop solar projects for individual customers and ground-mounted projects for business clients. Independent Power Producer (IPP): They are an independent power producer by producing electricity and selling it to Paschim Gujarat Vij Company Limited (PGVCL) under a 25 years power purchase agreement. In 2026, our 1.2MW solar power plant was commissioned at Bhadla, Jasdan, Rajkot, Gujarat. Solar Product Sales They also provide a variety of solar products like Solar PV Modules, Solar PV Inverters, and other solar products. Our PV Modules come from domestic and international sources in both polycrystalline and monocrystalline variants. The company provide complete solar solutions to our clients with services ranging from project conceptualization, engineering, procurement, installation, testing, commissioning, and O&M services. We cater to customers in residential, commercial, and industrial segments with a wide network of dealers and have been empaneled as a national vendor for the scheme of PM Surya Ghar: Muft Bijli Yojana. Infrax has operations in warehouses located in Rajkot, Ahmedabad, and Kanpur, as well as branch offices in Gujarat, Maharashtra, Madhya Pradesh, and Uttar Pradesh. As on March 31, 2026, the team strength was 52 members.

Checklist Quality Analysis

Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
See All Live IPOs
Infrax Renewable

Infrax Renewable

Open Date

Sep 9, 2026

Close Date

Sep 11, 2026

listed

Min Investment

₹2,49,600

Lot Size

1200 Shares

Issue Size

₹40.88 Cr

Price Range

₹104 - ₹104

Listing Date

Sep 17, 2026

Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

Infrax Renewable IPO - Issue Objectives

₹12.2 crore will be used to purchase machinery and equipment for the manufacturing facility. The company will utilise ₹17 crore for funding working capital requirements of the company. The company will use ₹2.03 crore for general corporate purposes. The company will use ₹2.4 crore, out of the gross proceeds for IPO related expenses.

Capital expenditure

36.3%

Working capital requirements

50.2%

General corporate purposes

6%

Issue expenses

7.3%

1

Capital expenditure

₹12.2 crore will be used to purchase machinery and equipment for the manufacturing facility.

36.30%
2

Working capital requirements

The company will utilise ₹17 crore for funding working capital requirements of the company.

50.20%
3

General corporate purposes

The company will use ₹2.03 crore for general corporate purposes.

6.00%
4

Issue expenses

The company will use ₹2.4 crore, out of the gross proceeds for IPO related expenses.

7.30%

IPO Subscription Status

NII
1.50x
Individual
1.90x
Total
2.10x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Infrax Renewable

In Cr.

Contact Details

Infrax Renewable

402-403, R K Prime 2, Mahapuja Dham Chok, 150 Feet Road, Malviyanagar, Rajkot, Gujarat, 360004

+917874074000
investor@infraxrenewable.com
https://infraxrenewable.com/

Infrax Renewable IPO - FAQs

Infrax Renewable IPO is a SME IPO. The issue is priced at 104. The minimum order quantity is 1200 Shares. The IPO opens on 9 Sep, and closes on 11 Sep. TBA is the registrar for the IPO. The shares are proposed to be listed on SME.








IPO Timeline

  • Pre Apply2026-09-08
  • Bidding Starts2026-09-09
  • Bidding Ends2026-09-11
  • Allotment Finalisation2026-09-15
  • Release of Funds2026-09-16
  • Demat Transfer2026-09-16
  • Listing2026-09-17