MUMBAI / NEW DELHI, SEPTEMBER 15, 2026 — During morning trade on Tuesday, September 15, 2026, the basis of allotment for the Infrax Renewable IPO is expected to be finalized following the conclusion of its bidding period on September 11. Investors who participated in the public issue can now verify their application status online through the official portal of the registrar, Bigshare Services Pvt. Ltd., or via the BSE India website.
Infrax Renewable IPO Allotment Status
NSE: BSE
▼ ₹9.00 (-0.27%)
Day Range: ₹3,356.40 – ₹3,452.70
52W Range: ₹2,021.50 – ₹4,446.80
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Infrax Renewable IPO: Key Dates and Timeline
The IPO process for Infrax Renewable followed a standard SME timeline. According to regulatory filings and tracking data from IPOWatch, the following dates are critical for applicants:
| Event / Catalyst Milestone | Exact Calendar Date |
|---|---|
| IPO Subscription Opened | September 09, 2026 |
| IPO Subscription Closed | September 11, 2026 |
| Allotment Finalization | September 15, 2026 |
| Refund Initiation / Credit of Shares | September 16, 2026 |
| Listing Date (BSE SME) | Pending Official Confirmation |
Subscription Metrics and Issue Details
Data compiled from BSE and Moneycontrol indicates that the Infrax Renewable IPO received a moderate response from the investor community. The issue was subscribed 2.05 times overall, reflecting a cautious sentiment in the SME segment during the second week of September.
| Metric | Details |
|---|---|
| Overall Subscription | 2.05x |
| Registrar | Bigshare Services Pvt. Ltd. |
| Listing Exchange | BSE SME |
Grey Market Premium (GMP) Tracking
According to tracking data from Chittorgarh and IPOWatch, the Grey Market Premium (GMP) for Infrax Renewable has remained under pressure. As of September 15, 2026, the GMP is hovering around the ₹0 level, suggesting a flat listing. This lack of premium in the unlisted market indicates that grey market participants are not anticipating significant listing gains for this particular issue.
How to Check Allotment Status Online
Via Bigshare Services (Registrar)
1. Visit the Bigshare Services allotment link.
2. Select ‘Infrax Renewable IPO’ from the dropdown menu.
3. Enter your PAN number, Application Number, or DP Client ID.
4. Complete the captcha and click ‘Search’.
Via BSE India Website
1. Navigate to the BSE ‘Status of Issue Application’ page.
2. Select ‘Equity’ as the issue type.
3. Choose ‘Infrax Renewable’ from the issue name list.
4. Enter your Application Number and PAN.
5. Click ‘Search’ to view the status.
Peer Comparison & Valuation Context
| Company Name | P/E Ratio | Key Note |
|---|---|---|
| Infrax Renewable | Pending | BSE SME Listing |
| Peer Comparison Data | N/A | Peer comparison data pending verification |
Peer valuation data sourced from Screener.in and Trendlyne.
Balanced Investor Framework
Bull Case (Growth Catalysts)
- Operates in the renewable energy infrastructure sector, which benefits from long-term government tailwinds.
- The SME platform provides a gateway for smaller firms to access capital for expansion.
Bear Case (Key Risks)
- Muted subscription levels (2.05x) suggest low institutional and HNI appetite.
- Flat GMP indicates potential for listing at or below the issue price.
Investment Verdict
Suitable For: High-risk SME investors only.
Risk Level: High — Driven by low subscription demand and a flat grey market premium.
Key Watch Point: The opening price on listing day will determine if the stock can sustain its issue price amidst low liquidity.
Investor FAQ
When will Infrax Renewable shares be credited to my Demat account?
Shares are typically credited to the Demat accounts of successful allottees by the next working day following the allotment finalization, which is expected to be September 16, 2026.
What should I do if my allotment is not successful?
If you are not allotted any shares, the refund process will be initiated by September 16, 2026. The funds blocked via ASBA will be released by your bank.
Why is the GMP for Infrax Renewable at ₹0?
A ₹0 GMP indicates that there is currently no premium being paid in the unofficial market, often due to low subscription interest or broader market volatility in the SME segment.
SEBI Compliance & Statutory Disclaimer
The information and analysis presented on IPO Bulletin (ipobulletin.com) are for informational and educational purposes only and do not constitute financial, investment, or legal advice. Securities market investments are subject to market risks; please read all offer documents (DRHP/RHP) thoroughly before committing capital. Grey Market Premium (GMP) figures are unofficial, unregulated street estimates. Always consult a SEBI-registered investment advisor before making financial decisions.
Sources cross-checked for this article: IPOWatch, Moneycontrol, BSE India filings, Bigshare Services, Chittorgarh.