Renewable Energy - Solar EPC - Listed on 17 September 2026
Infrax Renewable (Renewable Energy - Solar EPC) closed its IPO window in 2026 and listed on NSE and BSE on 17 September 2026 at an upper band issue price of Rs 104, opening at Rs 104 for a listing gain of 0.0%. The IPO was subscribed 2.10x overall - QIB -, HNI/NII 2.27x, Retail 1.93x. The total issue size was Rs 40.88 Cr (Fresh Issue Rs 33.81 Cr, OFS Rs 7.08 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Renewable Energy - Solar EPC
Infrax Renewable operates in the Renewable Energy - Solar EPC space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Infrax Renewable issue was offered at an upper price of Rs 104 and raised approximately Rs 40.88 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | - | - |
| Day 2 | - | - |
| Day 3 | - | - |
| Day 4 | - | - |
| Day 5 | - | - |
How the broader market moved around the Infrax Renewable IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Infrax Renewable IPO listed at 0.0% versus the upper issue price of Rs 104 on 17 September 2026.
Infrax Renewable IPO was subscribed 2.10x overall. QIB portion was subscribed -, HNI / NII 2.27x and Retail 1.93x.
Day-by-day IPO GMP data for Infrax Renewable is listed in the table above.