
Infrax Renewable IPO Details
Last Updated on September 9, 2026 Infrax Renewable Ltd. IPO Incorporated in September 2024, Infrax Renewable Limited is a solar energy company engaged in providing Engineering, Procurement and Construction (EPC)
Incorporated in July 2012, Vinod Texworld Limited is engaged in the manufacturing, processing, supplying and trading of textile products, with a focus on dyed and printed fabrics.The Company manufactures and sells dyed and printed fabrics, including cotton, polyester and blended fabrics. Its manufacturing process covers the conversion of greige fabric into dyed and printed fabric, enabling the Company to maintain control over product quality and respond to changing customer requirements. In addition to manufacturing, the Company is also engaged in the trading of textile products, procuring finished goods from third-party suppliers and supplying them to customers. The Company also undertakes job work assignments involving dyeing, printing and finishing of fabrics supplied by customers, which supports capacity utilization and contributes to cash flows.
Vinod Texworld follows a customer-centric approach with a focus on innovation, research and development, technology upgradation, continuous improvement and operational efficiency. The Company has established quality control and assurance processes, including technical and manual testing of finished products and durability testing through its in-house laboratory. Its products are supplied to customers across various industries and are designed and developed based on customer specifications and requirements.
The Company has an established domestic customer base across several states, including Gujarat, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh and West Bengal, among others. During Fiscal 2026, the Company also exported its products to Nepal. In FY2026, domestic customers contributed approximately 99.02% of revenue from operations, while export customers accounted for approximately 0.98%. The Company has also undertaken initiatives towards the adoption of renewable energy solutions, with the objective of improving energy efficiency and reducing its carbon footprint.
As of July 31, 2026, the Company had 92 employees on its payroll, with no employees engaged on a contract basis. Its workforce is deployed across finance and accounts, production, printing, dispatch, quality and laboratory, sales and marketing, maintenance, stores, administration and other functions. In addition to its own employees, the Company’s operations also involve workers hired on a contract labour basis.
Competitive Strengths
Vinod Texworld Ltd.’s revenue increased by 2% and profit after tax (PAT) rose by 13% 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 | 181.50 | 177.68 | 154.28 |
| Total Income | 342.96 | 335.74 | 271.65 |
| Profit After Tax | 10.41 | 9.23 | 5.49 |
| EBITDA | 22.83 | 20.96 | 12.30 |
| NET Worth | 42.81 | 32.40 | 23.16 |
| Reserves and Surplus | 31.20 | 20.80 | 11.56 |
| Total Borrowing | 70.48 | 66.28 | 47.01 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Madhur Knit Crafts Ltd. | SME | ₹53.27 Cr | ₹100 | 12.15 | ₹95.00 | -5.00% | ₹81.50 |
| Shree Balaji (Mala) Textiles Ltd. | SME | ₹18.90 Cr | ₹70 | 8.62 | ₹126.35 | +80.50% | ₹59.74 |
| Riyaasat Lifestyle Ltd. | SME | ₹30.20 Cr | ₹106 | 17.2 | ₹80.60 | -23.96% | ₹70.35 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of Existing Plant | 6.39 |
| 2 | Repayment of loan | 7.15 |
| 3 | To Meet Working Capital Requirement | 20.35 |
| 4 | General Corporate Purposes | 5.97 |
| 5 | Issue Expenses | 2.97 |
| Total | 42.83 |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 24.31% | 28.50% |
| ROCE | 31.80% | 34.99% |
| Debt/Equity | 1.65 | 2.05 |
| RoNW | 24.31% | 28.50% |
| PAT Margin | 3.04% | 2.75% |
| EBITDA Margin | 6.66% | 6.25% |
| NAV | 36.90 | 27.93 |
| Price to Book Value | 2.55 | 3.37 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.97 | 6.44 |
| P/E (x) | 10.48 | 14.6 |
| IPO Date | 9 to 11 Sep, 2026 |
| Listing Date | Thu, Sep 17, 2026T |
| Face Value | ₹10 per share |
| Issue Price | ₹94 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,56,400 shares (agg. up to ₹43 Cr) |
| Reserved for Market Maker |
2,28,000 shares
(agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 43,28,400 shares (agg. up to ₹41 Cr) |
| Net Offered to Public | 43,28,400 shares (agg. up to ₹41 Cr) |
| Share Holding Pre Issue | 1,16,01,200 shares |
| Share Holding Post Issue | 1,61,57,600 shares |
The promoters of the company are Mr. Vinod Gupta and Mrs. Arnima Gupta.
| Share Holding Pre Issue | 96.8% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
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