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Gain: At Par
Allotment: 15 Sept
Subscription Starts
Cut-off Time 5:00 PM
Registrar Finalization
UPI Mandate Release
Trading on NSE / BSE
Subscription Starts
Cut-off Time 5:00 PM
Registrar Finalization
UPI Mandate Release
Trading on NSE / BSE
Calculate live investment, expected return & grey market payout
Kostak is the fixed profit on selling unallotted applications. Subject to Sauda is the guaranteed rate upon share allotment.
Issue Price
₹104
Listing Price
₹104
Listing Gain
₹0
0.00%Current Price
₹124.1
+19.33%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.
P/E Ratio
N/A
Price to Earnings
ROE
15%
Return on Equity
ROCE
18%
Capital Employed
Debt / Equity
0.5
Leverage Ratio
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Disclaimer: Grey Market Premium (GMP) is an unofficial, unregulated cash premium traded between buyers and sellers before official listing on NSE or BSE. GMP indications are based on demand-supply dynamics in the grey market and are subject to extreme volatility. Neither SEBI nor stock exchanges regulate grey market operations. Investors should conduct independent fundamental analysis and read the Red Herring Prospectus (RHP) before applying.
Price Band
₹104 - ₹110
Min ₹1,32,000
Est. Listing
₹124
+12.7% Gain
Issue Size
₹3858000 Cr
Est. Profit
+₹16,800
Price Band
₹29 - ₹29
Min ₹1,16,000
Est. Listing
₹30
+3.5% Gain
Issue Size
₹3636000 Cr
Est. Profit
+₹4,000
Price Band
₹60 - ₹64
Min ₹1,28,000
Est. Listing
₹64
At Par
Issue Size
₹3000000 Cr
Est. Profit
₹0