Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Renfra Energy India Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on June 30, 2026 to raise funds through Initial Public Offer (IPO).
Renfra Energy India Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹430.00 crores and an offer for sale (OFS) of upto 0.48 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Renfra Energy India IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,30,47,94,800 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | [.] shares (agg. up to ₹430 Cr) |
| Offer for Sale | 47,94,800 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 16,95,35,010 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Jun 30, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in 2017, Renfra Energy India Limited is a renewable energy solutions provider offering integrated solar and wind energy services to commercial and industrial clients.
The company delivers turnkey solutions across the entire project lifecycle, including site identification, land acquisition, regulatory approvals, engineering, procurement and construction (EPC), project commissioning, and operations and maintenance (O&M) services.
The company operates in two principal business segments: solar energy solutions and wind energy solutions. It has executed multiple renewable energy projects across South India, focusing on regions with favourable solar irradiation, wind resource availability, and grid connectivity.
In addition to project execution, the company provides long-term asset management services and, as of May 15, 2026, managed approximately 601.40 MW of solar and wind energy assets under O&M contracts.
As of May 15, 2026, Renfra Energy India had entered into 217 agreements, comprising 164 EPC agreements and 53 O&M agreements with 164 customers, representing an aggregate installed capacity of approximately 462.35 MW. The company maintains a supplier network of 159 vendors, including 128 solar component suppliers and 31 wind energy component suppliers.
The company’s operations are supported by a workforce of 1,140 personnel, comprising 457 permanent employees and 683 contract labourers as of May 15, 2026.
Renfra Energy India Ltd.'s revenue increased by 99% and profit after tax (PAT) rose by 66% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 996.28 | 393.44 | 134.15 |
| Total Income | 1,018.22 | 511.43 | 446.73 |
| Profit After Tax | 156.82 | 94.55 | 36.86 |
| EBITDA | 245.94 | 131.08 | 55.41 |
| NET Worth | 466.30 | 252.59 | 48.64 |
| Reserves and Surplus | 466.18 | 252.47 | 48.54 |
| Total Borrowing | 268.07 | 3.43 | |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Om Power Transmission Ltd. | Mainboard | ₹150.06 Cr | ₹175 | 21.13 | ₹193.38 | +10.50% | ₹172.69 (-2.73%) |
| Solarworld Energy Solutions Ltd. | Mainboard | ₹490.00 Cr | ₹351 | 33.77 | ₹323.50 | -7.83% | ₹208.49 (-0.17%) |
| GK Energy Ltd. | Mainboard | ₹464.26 Cr | ₹153 | 20.29 | ₹167.74 | +9.63% | ₹148.03 (+3.64%) |
| Vikran Engineering Ltd. | Mainboard | ₹772.00 Cr | ₹97 | 22.88 | ₹95.71 | -1.33% | ₹76.95 (+0.84%) |
| M&B Engineering Ltd. | Mainboard | ₹650.00 Cr | ₹385 | 24.98 | ₹408.65 | +6.14% | ₹321.20 (-3.40%) |
| Teja Engineering Industries Ltd. | SME | ₹37.36 Cr | ₹220 | 25.85 | ₹438.90 | +99.50% | ₹438.90 (+99.50%) |
| Leapfrog Engineering Services Ltd. | SME | ₹88.51 Cr | ₹23 | 15.19 | ₹23.10 | +0.43% | ₹22.88 (+0.39%) |
| Safety Controls & Devices Ltd. | SME | ₹48.00 Cr | ₹80 | 12.3 | ₹78.99 | -1.26% | ₹79.17 (-3.18%) |
| Srinibas Pradhan Constructions Ltd. | SME | ₹20.32 Cr | ₹98 | 9.15 | ₹104.40 | +6.53% | ₹135.00 (+1.62%) |
| GRE Renew Enertech Ltd. | SME | ₹39.56 Cr | ₹105 | 15.72 | ₹91.20 | -13.14% | ₹159.00 (-1.73%) |
| E to E Transportation Infrastructure Ltd. | SME | ₹84.22 Cr | ₹174 | 15.44 | ₹327.80 | +88.39% | ₹260.00 (-1.89%) |
| Valplast Technologies Ltd. | SME | ₹28.09 Cr | ₹54 | 12.75 | ₹58.63 | +8.57% | ₹40.00 (-0.45%) |
| Chiraharit Ltd. | SME | ₹31.07 Cr | ₹21 | 13.95 | ₹15.96 | -24.00% | ₹8.27 (-4.94%) |
| Telge Projects Ltd. | SME | ₹27.24 Cr | ₹105 | 14.04 | ₹110.45 | +5.19% | ₹133.00 (-4.97%) |
| Karbonsteel Engineering Ltd. | SME | ₹59.30 Cr | ₹159 | 12.47 | ₹194.35 | +22.23% | ₹124.30 (-4.75%) |
| Goel Construction Co.Ltd. | SME | ₹100.15 Cr | ₹263 | 7.8 | ₹317.60 | +20.76% | ₹481.75 (+4.99%) |
| Oval Projects Engineering Ltd. | SME | ₹46.74 Cr | ₹85 | 13.91 | ₹85.05 | +0.06% | ₹53.00 (-5.83%) |
| Current Infraprojects Ltd. | SME | ₹41.80 Cr | ₹80 | 11.78 | ₹152.75 | +90.94% | ₹105.05 (-5.36%) |
| Mahendra Realtors & Infrastructure Ltd. | SME | ₹49.45 Cr | ₹85 | 9.94 | ₹64.60 | -24.00% | ₹68.55 (-4.99%) |
| Savy Infra & Logistics Ltd. | SME | ₹69.98 Cr | ₹120 | 7.53 | ₹143.30 | +19.42% | ₹127.60 (+3.53%) |
| KPI | Mar 31, 2025 | Mar 31, 2026 |
|---|---|---|
| ROE | 62.77% | 43.63% |
| ROCE | 81.53% | 49.58% |
| RoNW | 37.43% | 33.63% |
| PAT Margin | 18.51% | 15.47% |
| EBITDA Margin | 25.67% | 24.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.25 | |
| Promoter Holding | 81.93% |
Lead Manager Reports
Renfra Energy India IPO is a main-board IPO of 4,30,47,94,800 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Renfra Energy India IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Renfra Energy India IPO using UPI as a payment gateway. Zerodha customers can apply in Renfra Energy India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Renfra Energy India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Renfra Energy India IPO dates are not announced. Please check back again after some time.
Renfra Energy India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Renfra Energy India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Renfra Energy India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Renfra Energy India IPO allotment status.
The Renfra Energy India IPO listing date is not yet announced. The tentative date of listing is .
