Home
Charts
Search
Watchlist
Products
All IPOs
₹104 - 104
Infrax Renewable Ltd
Infrastructure Developers & OperatorsIPOSME
₹104 - 104
Founded in 2019, Infrax Renewable Ltd delivers rooftop and ground-mounted solar installations, distributes balance-of-system equipment (electrical and structural hardware like cables, mounting kits, and junction boxes), and operates solar generation assets across western India. The company relies on an expanding network of authorized regional dealers and outsourced contractors to source customer leads, carry out field installations, and distribute solar hardware without maintaining an in-house construction workforce.
Lot1,200Min Invest₹2,49,600Face Value₹10Issue Size₹41 CrFresh Issue₹34 CrOffer for Sale₹7 Cr
Timeline
9 Sept
Bidding opens
11 Sept
Bidding closes
15 Sept
Allotment
16 Sept
Refund & demat credit
17 Sept
Listing
Subscription
Subscription opens 9 Sept
Reports
Offer Details
Terms
Issue Size₹41 Cr
Fresh Issue₹34 Cr
Offer for Sale₹7 Cr
Face Value₹10
Lot Size1,200 shares
ReservationNII 50.42% · RETAIL 49.58%
Application Sizes
Retail₹2,49,6001-1 lots
sNII₹2,49,600from 2 lots
bNII₹11,23,200from 9 lots
Managers & Registrar
Lead ManagerSmart Horizon Capital Advisors Private Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrBhargv Ashvinbhai VachhaniPRMTR5,10,4005.31Gandhi Bhavik TarunkumarPRMTR1,70,0001.77Total6,80,4007.08
Shareholding
CategoryPre IPOPost IPOPromoter Group70.64%49.73%Public29.36%50.27%
Objects of the Issue
- Funding of capital expenditure of our Company towards purchase of machineries and equipments for proposed manufacturing facility;
- Funding working capital requirements of the Company
- General corporate purposes
Anchor Book
Strengths & Risks
Strengths · as stated in the DRHP
- Established track record for execution of solar EPC solutions.
- Strong relationship with customers.
- Wide range of our products.
- Financial Stability Through the PPA Model.
- Established relationship with suppliers.
- Dealership network and presence in across various states.
Strategies · as stated in the DRHP
- Invest in manufacturing capabilities.
- Grow our customer base by diversifying into new geographies.
- Maintaining cordial relationship with our Suppliers, Customer and employees.
- Reduction of operational costs and improving operational efficiencies.
- Focus on increase in volume of sale
Risks · as stated in the DRHP
- Our Company has been recently formed by conversion of the erstwhile partnership firm into the company; thus, we have limited operating history as a Company which may make it difficult for investors to evaluate our historical performance or future prospects.
- Our business is dependent on the continued availability of government policies, subsidies, incentives and other support mechanisms applicable to the solar sector. Any withdrawal, reduction, delay, adverse regulatory development or unfavourable modification of such policies, subsidies or incentives may adversely affect demand for our products and services, impact profitability, and consequently have a material adverse effect on our business, results of operations, cash flows and financial condition.
- We depend on our dealers for a significant portion of our revenue, and any decrease in revenues or sales from any one of our dealers may adversely affect our business and results of operations.
- We generate our major portion of turnover from our operations in certain geographical regions and any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
- Our business is dependent on the sale of our products and providing rooftop and ground-mounted solar projects services to certain key customers. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on our business, financial condition, results of operations and cash flows.
- Our Company is dependent on limited number of suppliers, within limited geographical locations for procurement of raw materials and solar products. Any delay, interruption or reduction in the supply of products required for our services may adversely affect our business, results of operations, cash flows and financial condition.