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  3. Infrax Renewable Limited
Infrax Renewable Limited

Infrax Renewable Limited (SME)

Minimum Investments
₹2,49,600
Price Range
₹104 - ₹104
Issue Size
₹40.88 Cr
Lot Size
1200shares
This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 1200 shares after listing.
Proceeds of this IPO to be used for
Funding of capital expenditure of the company towards purchase of machineries and equipments for proposed manufacturing facility
Funding working capital requirements of the company
General corporate purposes
Strengths & Weaknesses
Execution of solar EPC solutions

The company provides turnkey solar solutions covering design, engineering, procurement, construction, testing, commissioning and O&M of solar power plants. It serves rooftop residential and ground-mounted solar projects across various segments

Diverse product portfolio

The company provides turnkey solutions for renewable energy projects and supplies a diverse range of solar products, including Solar PV modules, inverters and related products. Its broad product portfolio and expanding distribution and service network help meet evolving customer needs, strengthen market reach and support business and customer base growth

Stable recurring revenue

The company operates a solar power plant under the IPP model through a Power Purchase Agreement (PPA), generating stable and predictable revenue by supplying electricity to the government. This recurring cash flow supports financial stability and provides a foundation for further growth and expansion

Operational risks

The company’s rooftop and ground-mounted solar projects face execution and operational risks, including accidents, fire, electrical failures, adverse weather and workforce-related incidents, which may cause delays, additional costs, liabilities and customer claims. Failure to maintain safety standards, technical specifications and regulatory compliance could result in injuries, legal action, warranty claims, reputational damage and adverse effects on its business and financial performance

Depend on third-party technical personnel

The company relies on third-party technical personnel for installation and uses components sourced from third-party suppliers, exposing it to risks from improper installation, design defects, technical failures and substandard or malfunctioning products. Such issues could lead to warranty claims, customer complaints, repair or replacement costs, reputational damage and adverse effects on its business and financial performance

Cost overrun risks

The company’s solar projects are exposed to risks from inaccurate cost estimates, procurement delays, rising component prices and difficulties in coordinating multiple stakeholders, which may cause time and cost overruns. Unforeseen expenses related to project execution, approvals, permits and engineering activities could reduce project viability and adversely affect profitability

Financials

Income Statement

Also called a profit and loss statement, an income statement shows a company’s income, expenses, and how much profit or loss it has made over a specific accounting period. It provides a clear view of how well the business is running.

Particulars (in Cr)Mar 2026Y/Y Change
Operating Revenue93.21+205.91%
Other Income0.12+1,100.00%
Total Income93.33+206.20%
Total Expenditure79.55+203.63%
EBIDT14.68+225.50%
Depreciation0.11+450.00%
Interest0.78+271.43%
Tax3.58+152.11%
Net Profit10.20+257.89%

Balance Sheet

A balance sheet is a financial statement that details a company’s assets, liabilities, and shareholders’ equity at a given time. It helps assess how financially strong and stable the company is.

Particulars (in Cr)Mar 2026
Total Current Assets26.22
Total Non-Current Assets5.30
Fixed assets4.80
Total Assets31.53
Total Current liabilities12.85
Total Non Current Liabilities2.91
Total Equity Plus Liabilities31.53
Total Shareholder Funds15.77
Total Debt to Equity44.00%

Cash Flow

Cash flow highlights the cash or cash equivalents moving in and out of a company during a particular period. It provides a clear picture of how well a company manages its cash by tracking its operating, investing and financing activities.

Particulars (in Cr)Mar 2026
Cash from Operating Activity-2.70
Cash from Financing Activities7.11
Cash from Investing Activities-4.74
Net Cash Flow-0.33

About the Company

Infrax Renewable was incorporated on April 27, 2019. The company provides solar EPC services for rooftop and ground-mounted projects, covering design, procurement, installation, commissioning, testing and operation & maintenance, while also supplying solar PV modules, inverters and related products. It also operates as an IPP through its solar power plant in Gujarat and distributes its offerings through authorised dealers, including under government schemes such as PM Surya Ghar

  • Promoter
    Bhargv Ashvinbhai Vachhani
  • Promoter
    Gandhi Bhavik Tarunkumar
  • Promoter
    Khushboo Bhargav Vachhani

FAQs for Infrax Renewable Limited IPO

Infrax Renewable Limited IPO refers to the initial public offering of shares by Infrax Renewable Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

For Infrax Renewable Limited IPO the issue size is ₹41 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

For Infrax Renewable Limited IPO the minimum investment is ₹2.5 L. The minimum investment for Infrax Renewable Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

For Infrax Renewable Limited IPO the lot size is 1200 shares. The lot size of Infrax Renewable Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

To apply for Infrax Renewable Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Infrax Renewable Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Infrax Renewable Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Infrax Renewable Limited IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

For Infrax Renewable Limited IPO the allotment date is 15 Sep 2026. The allotment date of Infrax Renewable Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

For Infrax Renewable Limited IPO, the subscription opens on 09 Sep 2026 and closes on 11 Sep 2026. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
09 Sep 26 - 11 Sep 26
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Registered Office Address: Office - 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Bellandur Village, Varthur Hobli, Outer Ring Road, Bangalore South, Bangalore , Karnataka - 560103

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