Infrax Renewable IPO Sees 2.05x Subscription on Final Day
5paisa Capital Ltd
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Last Updated: 15th September 2026 - 12:59 pm
Infrax Renewable IPO was subscribed 2.05 times by 5:06 PM on Day 3, September 11, 2026. The issue saw improved investor participation on the final day, with the Individual Investors portion subscribed 1.90 times.
The Non-Institutional Investors (NII) portion was subscribed 1.39 times on Day 3.
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| Date | NII | Individual | Total |
|---|---|---|---|
| Day 1 (September 9) | 0.01 | 0.16 | 0.08 |
| Day 2 (September 10) | 0.03 | 0.39 | 0.21 |
| Day 3 (September 11) | 1.39 | 1.90 | 2.05 |
Here are the subscription details for Infrax Renewable IPO Day 3, as of 5:06 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Market Maker | 1 | 1,99,200 | 1,99,200 | 2.07 |
| NII | 15.69 | 18,50,400 | 25,77,600 | 26.81 |
| Individual | 3.39 | 18,81,600 | 35,66,400 | 37.09 |
| Total | 20.10 | 37,32,000 |
76,33,200 |
79.39 |
Key Highlights – Day 3
- Infrax Renewable IPO was subscribed 2.05 times overall by 5:06 PM on Day 3.
- The Individual Investors portion was subscribed 1.90 times.
- The NII portion recorded 1.39 times subscription.
- Investor participation improved significantly on the final day.
Key Highlights – Day 2
- Infrax Renewable IPO was subscribed 0.21 times overall on Day 2.
- The Individual Investors portion led at 0.39 times.
- The NII portion was subscribed 0.03 times.
- Overall subscription remained below full coverage on Day 2.
Key Highlights – Day 1
- Infrax Renewable IPO was subscribed 0.08 times overall on Day 1.
- The Individual Investors portion recorded 0.16 times subscription.
- The NII portion was subscribed 0.01 times.
- Overall investor participation remained limited on Day 1.
About Infrax Renewable
Infrax Renewable Limited operates in the renewable energy sector, primarily providing solar engineering, procurement and construction (EPC) services. The company undertakes rooftop and ground-mounted solar projects and also operates as an Independent Power Producer (IPP). Its portfolio includes a 1.2 MW solar power project at Jasdan under a 25-year PPA with PGVCL. The company also supplies photovoltaic modules and inverters and provides operations and maintenance services.
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