Renfra Energy submits papers with Sebi for IPO; eyes Rs 430-cr via fresh issue

Renfra Energy has filed a DRHP with Sebi to raise around Rs 430 crore via a fresh issue, alongside an offer for sale of 47,94,800 equity shares by selling shareholders; promoters will not participate in the OFS. The Tamil Nadu-based renewable EPC firm will use proceeds mainly for redeeming non-convertible debentures worth Rs 160 crore and Rs 70 crore for working capital, with a possible pre-IPO placement of up to Rs 50 crore. The company reported FY26 revenue of Rs 1,013 crore and PAT of Rs 156.8 crore, with installed renewable capacity of 462.35 MW and listed peers including KPI Green Energy, KP Energy, Solarworld Energy Solutions and Zodiac Energy.