IPO Research Overview
Overview
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.
New to IPO analysis? You may review our structured guides on how IPO allotment works and IPO subscription meaning to better understand demand and allocation mechanics.
Issue Details
Issue Price
₹104 - ₹104
Not investment advice. Read RHP before applying.
Subscription
Updated 12 Sep 2026
Min. Investment
Face Value
-
Issue Size
40.88
Fresh Issue
33.81
Listing At
BSE SME
Lead Manager
-
Registrar
-
Lot Size
1200 shares
For category-wise quota breakdown such as QIB, HNI, and Retail allocation, refer to our IPO quota structure explanation. Compare this issue with others on our Comparison Engine
Milestones
Subscription
Subscription Progress
Subscription figures represent category demand ratios reported by exchange bidding engines.
Probability Model · Estimate
⚠ Applying for more lots does not improve your odds. SEBI lottery gives each applicant 1 entry regardless of lots applied.
Estimated Allotment Odds
1 in 2
52.6% probability
Retail demand: 1.90x
Subscribed 1.90x. In oversubscribed retail categories, each valid application receives 1 lottery draw entry regardless of lots applied.
GMP (Grey Market Premium)
Issue price comparison unavailable
GMP is unofficial and indicative only. It does not guarantee listing price or returns.
Trend
No historical GMP data points recorded yet.
Tools
Total Investment
₹1,24,800
₹104 × 1200 shares
Est. Listing Price
₹104
+₹0 premium
Est. Total Value
₹1,24,800
At listing price
Est. Listing Profit
₹0
+0.0% Return
Estimates assume 100% allotment and listing at the indicated GMP rate of ₹0. Grey Market Premium is an unofficial and non-binding indicator. For allotment probabilities, review the Subscription Demand section.
Investment
Investors can bid in multiples of the lot size at the cut-off price.
Allocation
QIB
50%
NII
15%
RII
35%
Employee
-
Issue Summary
Ownership
Promoter shareholding pre and post-issue will be updated once the final capital structure is published.
Contacts
Registrar appointment and registered office contacts will be confirmed in the statutory exchange disclosures.
SME Specific
Market Maker Shares Offered
-
Market Maker Reservation (%)
-
Applicable only for SME IPOs where a market maker is appointed to provide liquidity post listing.
Documents
Opens SEBI's official filing portal. Search for the company name in results.
Performance
Listing Exchange
BSE SME
Listing Price
-
Listing Gain
-
Application
UPI Method (ASBA)
Log in to your broker's app or net banking, navigate to the IPO section, select this IPO, enter lot quantity, and authorise via UPI mandate. Funds are blocked, not debited, until allotment.
ASBA via Net Banking
Log in to your bank's net banking portal, go to the IPO / ASBA section, fill in the bid details, and submit. Your bank will block the required amount automatically.
Allotment & Refund
Allotment status is typically available within 6 days of the IPO close date. Refunds for unallotted bids are credited within 2 working days post allotment.
You may also review the complete IPO allotment process explanation to understand lottery mechanics and refund timelines.
Qualitative Factors
Company Strengths
Company Risks
Legal Disclaimer
Information is sourced from publicly available exchange filings and company offer documents. GMP is unofficial and indicative. IPOCraft does not provide investment advice. Some broker links on this page are affiliate/referral links — IPOCraft may earn a commission if you open an account through them, at no extra cost to you.
Research Before You Apply
