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RAYSPOWERINFREQ / NSE, BSEUpcoming
Rays Power Infra

Founded in 2011, Rays Power Infra Ltd is a renewable energy solutions provider in India, focusing mainly on solar power. The company has delivered 50 renewable projects with a total installed capacity of 1,771.18 MWp as of July 2025. It operates through two models—Co-Development, which handles land aggregation, approvals, and SPV transfers, and EPC, offering complete project execution from design to commissioning. With an order book worth ₹80,342.61 million across 30 projects, its clients include Serentica Renewables, Ampin Energy, SJVN Green Energy, and Indore Municipal Corporation. Operating in 13 states and 1 union territory, Rays Power Infra employs 392 people.

₹0 - ₹0GMP ₹0Open
GMP₹0
Est. Listing PriceTBA

IPO Schedule & Timeline

Bookbuilding IPO
1
OpenAwaiting
2
CloseAwaiting
3
AllotmentAwaiting
4
ListingAwaiting

Company Promoters

Ketan MehtaPawan Kumar SharmaSanjay GarudapallySweta MehtaRicha SharmaShruthi Gupta GarudapallyMehta Family Trustee Private LimitedMehta Family TrustSharma Family TrustGarudapally Family Trust

Company Background

Founded in 2011, Rays Power Infra Ltd is a renewable energy solutions provider in India, focusing mainly on solar power. The company has delivered 50 renewable projects with a total installed capacity of 1,771.18 MWp as of July 2025. It operates through two models—Co-Development, which handles land aggregation, approvals, and SPV transfers, and EPC, offering...

Lead Managers & Bankers

Anand Rathi Securities LimitedPantomath Capital Advisors Private Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹1238.13 Cr
Growth+39.0%
Revenue Trend (₹ in Crores)
0.0474.6949.21.4kMar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-251,238.13139.351,432.71270.45
Mar-241,072.5191.39750.66139.32
Mar-23890.51128.99652.54110.30

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values4.8828.89%29.80%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Basis of Allotment Scheduled
Allotment Date
To be announced
Official Status
Pending
Registrar
Bigshare Services Private Limited
Listing Date
To be announced

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Rays Power Infra. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

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Allotment Schedule & Milestones

IST
1. Allotment FinalizationTo be announcedBasis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing DateTo be announcedTrading commences on exchange

How to Check Rays Power Infra Allotment Online

1Open Portal

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2Select Company

Select Rays Power Infra from the issue drop-down list.

3Enter Details

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4View Allocation

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About Rays Power Infra IPO

Complete issue overview for Rays Power Infra (RAYSPOWERINFR) IPO. The issue features an equity share price band of To be announced per share with a minimum retail lot size of To be announced. Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions