Bidding closedSMEPower Generation/DistributionINFRAX

Infrax Renewable Limited

Infrax Renewable Limited is an SME IPO raising ₹41 Cr at a fixed price of ₹104 a share. The smallest application you can make is 1200 shares, costing ₹1,24,800 at the top of the band. Bidding has closed; the shares list on 17 Sept 2026. So far it has been subscribed 2.05× in total.

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₹104

Price band

₹1,24,800

Minimum to apply (1200 shares)

₹41 Cr

Issue size

11 Sept 2026

Bidding closes

2.05×Subscribed · 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.