Infrax Renewable IPO
Infrastructure Developers & Operators • ₹41cr
High risk because:
- 5 material risk factors disclosed in DRHP
- Heavy dependence on government or PSU customers
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹104
Lot Size
1200 shares
Issue Size
₹41cr
Open
09 Sept 2026
Close
11 Sept 2026
Subscription
—
IPO Schedule
| Issue Open Date | 09 Sept 2026 |
| Issue Close Date | 11 Sept 2026 |
| Allotment Date | 15 Sept 2026 |
| Listing Date | 17 Sept 2026 |
About Infrax Renewable
Infrax Renewable is engaged in the solar energy sector, providing comprehensive Engineering, Procurement, and Construction (EPC) services for rooftop and ground-mounted solar projects. The company manages the entire project lifecycle, including design, procurement, installation, and operation and maintenance. Alongside its EPC operations, Infrax generates revenue by supplying and distributing various solar products, such as photovoltaic modules and inverters. The business also operates as an Independent Power Producer, generating and selling electricity through its own solar power plant in Jasdan, Gujarat, under Power Purchase Agreements with Paschim Gujarat Vij Company. To further strengthen its supply chain and margins, the company is expanding its operations through backward integration to manufacture solar panel mounting structures and frames, alongside establishing a solar panel recycling and silver extraction facility.
Company Details
Founders / Promoters
Mr Bhargv Ashvinbhai Vachhani
Founded
2019
Registrar
Bigshare Services Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
Subscription data not available
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FAQ
What is the price band of Infrax Renewable IPO?
The price band is ₹104 per share with a lot size of 1200 shares. Minimum investment: ₹1,24,800.
What does Infrax Renewable do?
Infrax Renewable is engaged in the solar energy sector, providing comprehensive Engineering, Procurement, and Construction (EPC) services for rooftop and ground-mounted solar projects. The company manages the entire project lifecycle, including design, procurement, installation, and operation and maintenance. Alongside its EPC operations, Infrax generates revenue by supplying and distributing various solar products, such as photovoltaic modules and inverters. The business also operates as an Independent Power Producer, generating and selling electricity through its own solar power plant in Jasdan, Gujarat, under Power Purchase Agreements with Paschim Gujarat Vij Company. To further strengthen its supply chain and margins, the company is expanding its operations through backward integration to manufacture solar panel mounting structures and frames, alongside establishing a solar panel recycling and silver extraction facility.
Should I apply for Infrax Renewable IPO?
Infrax Renewable is a Infrastructure Developers & Operators sme IPO and opens 09 Sept 2026 with a ₹104 price band (₹41cr issue) — subscription data is not live yet, so demand signals are unavailable. SME listings tend to be more volatile and less liquid after listing, so For a Infrastructure Developers & Operators sme IPO at elevated risk (7/10), weigh DRHP financials and sector comps against the ₹104 band before you apply.
Who founded Infrax Renewable?
Infrax Renewable was founded by Mr Bhargv Ashvinbhai Vachhani in 2019.