BY THE NUMBERS.
TICKET CLASSES.
HOW THE ISSUE IS BUILT.
The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.
WHO GETS WHICH SEATS.
ON THE DASHBOARD.
THE RUNNING RECORD.
WHO ELSE RUNS THIS LINE.
Notes: The figures for the company are based on Restated Financial Statements for the year ended March 31, 2026. P/E Ratio has been computed based on their respective closing market price on September 03, 2026, as divided by the diluted EPS as on March 31, 2026
WHAT THE MONEY IS FOR.
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. Business Operations : EPC Services: They provide end-to-end solar EPC services, including project design, engineering, procurement, installation, testing, commissioning, O&M, and regulatory assistance. Our projects include rooftop solar projects for residential customers and ground-mounted projects for commercial customers. Independent Power Producer (IPP) They operate as an Independent Power Producer by generating and selling electricity to Paschim Gujarat Vij Company Limited (PGVCL) under a 25-year Power Purchase Agreement. In 2026, we commissioned a 1.2 MW solar power plant at Bhadla, Jasdan, Rajkot, Gujarat. Sale of Solar Products They also supply various solar products, including Solar PV Modules, Solar PV Inverters, and other solar products. Our PV modules include both polycrystalline and monocrystalline panels, sourced domestically and internationally. The company offers end-to-end solar solutions covering project design, engineering, procurement, installation, testing, commissioning, and operation & maintenance (O&M) services. It serves customers across residential, commercial, and industrial segments through an extensive dealer network and has been empanelled as a national vendor under the PM Surya Ghar: Muft Bijli Yojana. Infrax currently operates warehouses in Rajkot, Ahmedabad, and Kanpur, along with branch offices across Gujarat, Maharashtra, Madhya Pradesh, and Uttar Pradesh, with services supplied across multiple Indian states. As of March 31, 2026, the team comprised 52 permanent employees. Competitive Strengths: Proven track record in executing solar EPC projects. Diversified business model with EPC, solar product distribution, and IPP operations. Empanelled vendor under PM Surya Ghar: Muft Bijli Yojana. Strong customer, supplier, and dealer network across multiple states. Strategic warehouse and branch office presence supporting efficient project execution. ISO 9001:2015 certified quality management system. Plans for backward integration through in-house solar component manufacturing and recycling. Experienced promoter team with over 17 years of industry experience.
ON THE ROSTER.
COMMON QUESTIONS.
What is the Infrax Renewable IPO price band?+
The indicative price band is ₹104 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).
What is the lot size of the Infrax Renewable IPO?+
One lot is 1200 shares. At the upper band of ₹104, one lot works out to ₹1,24,800.
When does the Infrax Renewable IPO open and close?+
The issue opens on 09 Sept 2026 and closes on 11 Sept 2026. Dates can move — the registrar and the exchange notices are the record.
When is the Infrax Renewable IPO allotment?+
Allotment is scheduled for 15 Sept 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.
When does Infrax Renewable list?+
Listing is scheduled for 17 Sept 2026 on BSE SME.
Where will Infrax Renewable be listed?+
Infrax Renewable is proposed for listing on BSE SME. It is an SME issue, so it trades on the SME platform.
How large is the Infrax Renewable IPO?+
The issue size is ₹40.88 Cr — a fresh issue of ₹31.74 cr and an offer for sale of ₹7.08 cr. Figures are indicative and subject to the RHP.
What is the difference between the fresh issue and the offer for sale in the Infrax Renewable IPO?+
Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.
Who is the registrar for the Infrax Renewable IPO?+
The registrar to the issue is Bigshare Services Pvt.Ltd. (8657578989/8069219065/8069219060), ipo@bigshareonline.com.
Where can I check the Infrax Renewable IPO allotment status?+
Allotment status is published by the registrar on its own official portal: https://ipo.bigshareonline.com/IPO_Status.html. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.
What is the P/E ratio of the Infrax Renewable IPO?+
The P/E ratio on file for this issue is 11.19, and the post-issue P/E is 14.5, stated as of 31 Mar 2026. A reported ratio is not a view on value.