About Infrax Renewable Ltd IPO
Incorporated in September 2024, Infrax Renewable Limited is a solar energy company offering Engineering, Procurement and Construction (EPC) services for rooftop and ground-mounted solar projects. The company also supplies solar products such as PV modules, inverters and related equipment. In addition, it operates as an Independent Power Producer (IPP) through its own solar power plant in Gujarat.
The company provides end-to-end EPC solutions covering project design, engineering, procurement, installation, testing, commissioning, operation and maintenance (O&M), along with regulatory support. Its projects include rooftop installations for residential customers and ground-mounted solar projects for commercial clients.
Infrax Renewable also operates as an IPP, selling electricity to Paschim Gujarat Vij Company Limited (PGVCL) under a 25-year Power Purchase Agreement. In 2026, it commissioned a 1.2 MW solar power plant at Bhadla, Jasdan, Rajkot, Gujarat.
Alongside EPC and power generation, the company distributes solar products including polycrystalline and monocrystalline PV modules, solar inverters and other related equipment sourced from domestic and international suppliers.
The company serves residential, commercial and industrial customers through its dealer network and has been empanelled as a national vendor under the PM Surya Ghar: Muft Bijli Yojana. It operates warehouses in Rajkot, Ahmedabad and Kanpur, with branch offices across Gujarat, Maharashtra, Madhya Pradesh and Uttar Pradesh, supporting its operations across multiple states.
As of March 31, 2026, the company had 52 permanent employees.
Incorporated in September 2024, Infrax Renewable Limited is a solar energy company offering Engineering, Procurement and Construction (EPC) services for rooftop and ground-mounted solar projects. The company also supplies solar products such as PV modules, inverters and related equipment. In addition, it operates as an Independent Power Producer (IPP) through its own solar powe
Infrax Renewable IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 0% | -- |
| Non-Institutional Investors (NIIs) | 50.42% | 19,82,111.04 crores |
| Retail Individual Investors (RIIs) | 49.58% | 19,49,088.96 crores |
Infrax Renewable IPO Strengths & Weaknesses
Experience in executing solar EPC projects across different customer segments.
Diversified business model covering EPC services, solar product distribution and IPP operations.
Empanelled as a national vendor under the PM Surya Ghar: Muft Bijli Yojana.
Established customer, supplier and dealer network across multiple states.
Warehouses and branch offices in key locations support project execution and distribution.
ISO 9001:2015 certified quality management system.
Plans to move towards backward integration through in-house solar component manufacturing and recycling.
Promoters bring over 17 years of experience in the solar industry.
Infrax Renewable IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 15 Sep '26 | 17 Sep '26 | 16 Sep '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 39,31,200 shares (aggregating up to To be announced) |
| Fresh Issue | 3,05,160 shares (aggregating up to ₹30,51,600 crores) |
| Offer for Sale | 68,040 shares of ₹10 (aggregating up to ₹6,80,400 crores) |
| Issue Type | Fixed Price IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 100 shares |
Infrax Renewable IPO Lot Size and Investment Details
| Minimum Lot Size | 1,200 shares |
| Maximum Lot Size (Retail) | -- |
The lot size of Infrax Renewable ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Infrax Renewable IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Infrax Renewable IPO Contact & Registrar Details
Contact Details
Address
402-403 R K Prime 2 Mahapuja Dham Chok, 150 Feet Road Malviyanagar Rajkot
Phone Number
Website
Registrar Details
Registrar Name
Bigshare Services Pvt.Ltd.
Phone Number
Infrax Renewable Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Smart Horizon Capital Advisors Pvt Ltd |