ListedSMEPower Generation/DistributionINFRAX

Infrax Renewable Limited

Infrax Renewable Limited is an SME IPO raising ₹41 Cr at a fixed price of ₹104 a share. It listed on 17 Sept 2026 at ₹104, 0.0% against its issue price of ₹104, and trades at ₹132 today (+27.2% since issue). It was subscribed 2.05× in total.

Get alerts on this company Company page

₹104

Issue price

₹132

Price now

+27.2%

Since issue price

17 Sept 2026

Listed on

2.05×Subscribed (final) · all exchanges

2.0 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹104

Cut-off price₹104

Issue size₹41 Cr

Shares per lot1200

Minimum application₹1,24,800

Minimum quantity2400

Face value₹10

Listing exchangesBSE

ISININE1YC401018

Bidding hours10:00 – 17:00 IST

Bidding window9 Sept 2026 – 11 Sept 2026

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.