Beta
MARKET CLOSED
IPO
Infrax Renewable Limited
smeupcomingRegistrar: Bigshare Services Private Limited · Listing 2026-09-17
IPO Timeline
Today · 06 Sept 2026
Today
06 Sept 2026
Opens
09 Sept 2026
Closes
11 Sept 2026
Allotment
13 Sept 2026
Refund
14 Sept 2026
Demat
15 Sept 2026
Listing
17 Sept 2026
Price Band
₹104–104
GMP
₹0
0%
Lot Size
1200 Shares
Min ₹124,800
Subscription
0x
Issue Size
₹41 Cr
Open
2026-09-09
Close
2026-09-11
Listing
2026-09-17
About the company
GMP trend (Grey Market Premium by date)
Today₹0 (0%)
High₹6
Low₹0
Est. Listing₹104
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 11 Sep | ₹0 | ₹104 | 0 |
| 10 Sep | ₹0 | ₹104 | 0 |
| 09 Sep | ₹0 | ₹104 | 0 |
| 08 Sep | ₹0 | ₹104 | 0 |
| 07 Sep | ₹0 | ₹104 | 0 |
| 06 Sep | ₹0 | ₹104 | -1 |
| 05 Sep | ₹1 | ₹105 | -2 |
| 04 Sep | ₹3 | ₹107 | 0 |
Strengths
- 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
Risks
- 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
Financial performance (₹ Cr)
IPO Roadmap / Timeline
Current Status · as of 06 Sept 2026
Pre-Open
Opens on 09 Sept 2026
IPO Opens
Upcoming09 Sept 2026Bidding starts for all investor categories
IPO Closes
Upcoming11 Sept 2026Last day to place your bid
Basis of Allotment
Upcoming13 Sept 2026Share allotment finalised
Refund Initiation
Upcoming14 Sept 2026Refunds credited for non-allottees
Credit to Demat
Upcoming15 Sept 2026Allotted shares credited to demat account
Listing on Exchange
Upcoming17 Sept 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
Lot Size
1200 shares
Price / Share (upper)
₹104
Min Investment (1 lot)
₹124,800
Price Band
₹104–104
Retail / Individual
1 lot only
Min lots
1
Min shares
1200
Min amount
₹124,800
Max amount
₹124,800
HNI
Min 2 lots
Min lots
2
Min shares
2400
Min amount
₹249,600
Max amount
₹249,600
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1200 | ₹124,800 | 1 | ₹124,800 | 1 lot only |
| HNI | 2 | 2400 | ₹249,600 | 2 | ₹249,600 | Min 2 lots |
Shares reserved per category & allotment probability
QIB
100% allotment
Reservation
50%
Amount
₹20.5 Cr
Shares offered
1,971,154
Shares bid
0
Subscribed
0.00x
NII
100% allotment
Reservation
15%
Amount
₹6.15 Cr
Shares offered
591,346
Shares bid
0
Subscribed
0.00x
Retail
100% allotment
Reservation
35%
Amount
₹14.35 Cr
Shares offered
1,379,808
Shares bid
0
Subscribed
0.00x
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,971,154 | 20.5 | 0 | 0.00x | 100% |
| NII | 15% | 591,346 | 6.15 | 0 | 0.00x | 100% |
| Retail | 35% | 1,379,808 | 14.35 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).