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Solar · Listed on BSE · 09 Sept 2026 - 11 Sept 2026
Jagat JoshiInfrax Renewable, founded in September 2024, is an Engineering, Procurement, and Construction (EPC) firm focused on providing solar energy solutions, including rooftop and Ground-mounted solar projects. Its product range includes the manufacturing of a wide range of solar products, including solar PV modules, inverters, and related equipment.
The firm operates its business via 3 different models: EPC services, offering end-to-end solar solutions, from planning and designing to installation; Independent Power Producer (IPP), selling solar electricity through its own solar power plant in Gujarat; and supplying various solar products, including Solar PV Modules, Solar PV Inverters, and other solar products. Infrax Renewable products cater to customers across residential, commercial, and industrial segments.
| Date & Time | GMP (₹) | Est. Listing Price | Est. Gain (%) | Est. Profit / Lot (₹) |
|---|---|---|---|---|
| 17-Sep-2026 06:00 PM | +₹0 | ₹104 | +0.00% | ₹0 |
| 16-Sep-2026 06:00 PM | +₹0 | ₹104 | +0.00% | ₹0 |
| 15-Sep-2026 06:00 PM | +₹0 | ₹104 | +0.00% | ₹0 |
| 14-Sep-2026 06:00 PM | +₹0 | ₹104 | +0.00% | ₹0 |
| 12-Sep-2026 06:00 PM | +₹0 | ₹104 | +0.00% | ₹0 |
| 11-Sep-2026 06:00 PM | +₹0 | ₹104 | +0.00% | ₹0 |
| 10-Sep-2026 06:00 PM | +₹0 | ₹104 | +0.00% | ₹0 |
| 09-Sep-2026 06:00 PM | +₹0 | ₹104 | +0.00% | ₹0 |
| 08-Sep-2026 06:00 PM | +₹0 | ₹104 | +0.00% | ₹0 |
| 07-Sep-2026 06:00 PM | +₹0 | ₹104 | +0.00% | ₹0 |
| 04-Sep-2026 06:00 PM | +₹0 | ₹104 | +0.00% | ₹0 |
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Amount (₹ Cr) |
|---|---|---|---|---|
| NII | 2.20x | 18,50,400 | 40,66,800 | ₹42.29 Cr |
| Retail | 1.90x | 18,81,600 | 35,66,400 | ₹37.09 Cr |
| Total | 2.05x | 37,32,000 | 76,33,200 | ₹79.39 Cr |
| Period Ended | 31 MAR 2026 | 31 MAR 2025 | 31 MAR 2024 |
|---|---|---|---|
| Total Income | 93.33 | 30.48 | 9.66 |
| Profit After Tax | 10.20 | 2.85 | 0.96 |
| EBITDA | 14.56 | 4.50 | 1.76 |
| NET Worth | 15.77 | 1.89 | 1.40 |
| Reserves and Surplus | 14.52 | 0.89 | — |
| Total Borrowing | 6.99 | 3.02 | — |
| Company Name | EPS (₹) | P/E (x) | NAV (₹) | RoNW (%) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Solarium Green Energy Limited | 9.81 | 15.78 | 77.93 | 12.58 | - |
| Alpex Solar Limited | 80.52 | 10.90 | 219.94 | 35.87 | - |
| Acme Solar Holdings Limited | 8.24 | 49.25 | 83.63 | 9.84 | - |
Bhargv Ashvinbhai Vachhani,Gandhi Bhavik Tarunkumar, Khushboo Bhargav Vachhani is the company's promoter of Infrax Renewable.
| Particular | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 70.64% | 49.73% |
| Others* | 29.36% | 50.27% |
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