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Infrax Renewable IPO IPO

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Listing
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Issue Size
39,31,200 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight

Restated Financials (₹ Cr.)

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets31.538.244.40
Total Income93.3330.489.66
Profit After Tax10.202.850.96
EBITDA14.564.501.76
NET Worth15.771.891.40
Reserves and Surplus14.520.89
Total Borrowing6.993.02
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Oneindig Technologies Ltd.SME₹27.65 Cr₹9618.53₹126.00+31.25%₹146.22
Leapfrog Engineering Services Ltd.SME₹88.51 Cr₹2315.19₹23.10+0.43%₹22.25
Safety Controls & Devices Ltd.SME₹48.00 Cr₹8012.3₹78.99-1.26%₹64.99
Srinibas Pradhan Constructions Ltd.SME₹20.32 Cr₹989.15₹104.40+6.53%₹145.85
GRE Renew Enertech Ltd.SME₹39.56 Cr₹10515.72₹91.20-13.14%₹175.50
E to E Transportation Infrastructure Ltd.SME₹84.22 Cr₹17415.44₹327.80+88.39%₹303.30
Valplast Technologies Ltd.SME₹28.09 Cr₹5412.75₹58.63+8.57%₹35.87
Chiraharit Ltd.SME₹31.07 Cr₹2113.95₹15.96-24.00%₹8.01
Telge Projects Ltd.SME₹27.24 Cr₹10514.04₹110.45+5.19%₹181.05
Karbonsteel Engineering Ltd.SME₹59.30 Cr₹15912.47₹194.35+22.23%₹114.50
Goel Construction Co.Ltd.SME₹100.10 Cr₹2637.8₹317.60+20.76%₹423.50
Oval Projects Engineering Ltd.SME₹46.74 Cr₹8513.91₹85.05+0.06%₹54.00
Current Infraprojects Ltd.SME₹41.80 Cr₹8011.78₹152.75+90.94%₹98.00
Technocraft Ventures Ltd.Mainboard₹251.88 Cr₹21214.73₹311.15+46.77%₹304.79
Om Power Transmission Ltd.Mainboard₹150.06 Cr₹17521.13₹193.38+10.50%₹167.64
Solarworld Energy Solutions Ltd.Mainboard₹490.00 Cr₹35133.77₹323.50-7.83%₹157.66
GK Energy Ltd.Mainboard₹464.26 Cr₹15320.29₹167.74+9.63%₹123.72
Vikran Engineering Ltd.Mainboard₹772.00 Cr₹9722.88₹95.71-1.33%₹61.09

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding of capital expenditure of the Company towards purchase of machineries and equipments for proposed manufacturing facility12.29
2Funding working capital requirements of the Company17.00
3General corporate purposes
Total29.29

About Infrax Renewable IPO

Incorporated in September 2024, Infrax Renewable Limited is a solar energy company engaged in providing Engineering, Procurement and Construction (EPC) services for rooftop and ground-mounted solar power projects. The company also supplies a wide range of solar products, including solar PV modules, inverters, and 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. The company offers end-to-end solar solutions covering project design, engineering, procurement, installation, testing, commissioning, and operation & maintenance (O&M) services. It serves customers across residential, commercial, and industrial segments through an extensive dealer network and has been empanelled as a national vendor under the PM Surya Ghar: Muft Bijli Yojana. Infrax currently operates warehouses in Rajkot, Ahmedabad, and Kanpur, along with branch offices across Gujarat, Maharashtra, Madhya Pradesh, and Uttar Pradesh, with services supplied across multiple Indian states. The company is ISO 9001:2015 certified and plans to strengthen backward integration by establishing in-house manufacturing

Contact Details

Infrax Renewable Ltd. Address402-403, R K Prime 2Mahapuja Dham Chok, 150 Feet RoadMalviyanagarRajkot, Gujarat, 360004+91 7874074000investor@infraxrenewable.comVisit Website