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Infrax Renewable Limited

Infrax Renewable Limited, incorporated in September 2024, is a solar energy company providing Engineering, Procurement and Construction (EPC) services for rooftop and ground-mounted solar power projects. The Company also supplies solar PV modules, inverters and other 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. Its end-to-end services cover project design, engineering, procurement, installation, testing, commissioning and operation & maintenance (O&M). Infrax serves residential, commercial and industrial customers through a wide dealer network and has been empanelled as a national vendor under the PM Surya Ghar: Muft Bijli Yojana. The Company operates warehouses in Rajkot, Ahmedabad and Kanpur, along with branch offices across Gujarat, Maharashtra, Madhya Pradesh and Uttar Pradesh, serving customers across multiple states. It is ISO 9001:2015 certified and plans to expand its backward integration through in-house facilities for solar panel recycling and silver extraction, solar mounting structures and solar frame manufacturing. As of March 31, 2026, Infrax Renewable had 52 permanent employees across various functions including sales, technical services, finance, project design, HR, material handling and management.

₹104 - ₹1042.05x sub
Listed Price₹104.00
Listing Gain+0.00%
Subscription•2.05x total demand•Updated 17 Sep 2026, 04:28 AM
Nib2.20x
Fully Subscribed (Safe)Offered: 18,50,400 sh
Retail1.90x
Fully Subscribed (Safe)Offered: 18,81,600 sh
CategoryOfferedAppliedTimes
Nib18,50,40040,66,8002.2x
Retail18,81,60035,66,4001.9x
Segment Subscription Demand
Segment / CategoryDemand (Shares)Offered (Shares)Times Sub.
Retail37.0919.571.90x
Nib42.2919.242.20x
Application-wise Breakup
CategoryReservedAppliedTimes Sub.
Retail7841,4861.90x
Hnis (2-10l)5142640.51x

Infrax Renewable Limited IPO Live Subscription Status & Category Bidding Analysis (2026)

Track the live subscription status and investor bidding numbers for Infrax Renewable Limited (INFRAX) IPO. The issue opened for bidding across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII/HNI), and Retail Individual Investors (RII). Overall, the IPO has been subscribed 2.05x so far. Check real-time grey market demand on our Infrax Renewable Limited GMP Page.

QIB CategoryLiveInstitutional
NII / HNI CategoryLiveNon-Institutional
Retail (RII)LiveRetail Investors
Total Subscription2.05xOverall Multiplier

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