Rays Power Infra IPO Details
MAINBOARD
Rays Power Infra IPO DRHP (Draft Red Herring Prospectus) has been Filed With SEBI.
The Lead Managers for Rays Power Infra IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Anand Rathi Advisors Ltd, Pantomath Capital Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Rays Power Infra Limited DRHP.
Rays Power Infra IPO Details
Rays Power Infra IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Rays Power Infra IPO Reservation
Promoter Holding
Documents
Rays Power Infra IPO Valuations
Rays Power Infra Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,432.71 | 750.66 | 652.54 |
| Total Income | 1,238.13 | 1,072.51 | 890.51 |
| Profit After Tax | 139.35 | 91.39 | 128.99 |
| NET Worth | 615.79 | 348.79 | 188.87 |
| Reserves and Surplus | 558.85 | 294.57 | 175.76 |
| Total Borrowing | 270.45 | 139.32 | 110.30 |
| Amount in ₹ Crore | |||
About Rays Power Infra IPO
Incorporated in 2011, Rays Power Infra Ltd. is engaged in providing utility-scale end-to-end renewable energy solutions with a primary focus on solar energy.
The company has executed and commissioned 50 renewable power projects with an aggregate installed capacity of 1,771.18 MWp as of July 31, 2025. It operates through two business models – Co-Development, involving land aggregation, grid connectivity, approvals, and transfer of special purpose vehicles (SPVs) to developers; and EPC, offering complete solutions including design, procurement, construction, testing, and commissioning of renewable energy projects.
As of July 31, 2025, the company had a robust order book of ₹80,342.61 million covering 30 contracted projects under execution. Its clientele includes private sector developers such as Serentica Renewables India, Radiance KA Sunshine Seven, and Ampin Energy Transition, as well as public sector undertakings like SJVN Green Energy and Indore Municipal Corporation.
Rays Power Infra has executed or is executing projects across 13 states and 1 union territory in India, including Madhya Pradesh, Maharashtra, Karnataka, Telangana, Gujarat, Rajasthan, Punjab, and Jammu & Kashmir.
As of July 31, 2025, the company employed 392 full-time employees.
Strength Of Rays Power Infra IPO
Risk Of Rays Power Infra IPO
Objectives Rays Power Infra IPO
1. Investment in our Wholly Owned Subsidiary, Rays Green Energy Manufacturing Private Limited (“Rays Green Energy”) for part-financing the establishment of a 1.5 GW PV Solar n-type TOPCon G12R cell manufacturing plant at Manufacturing Zone for Power and Energy Equipment, Plot no. P-23, Mohasa- Babai Industrial Area, Narmadapuram, Madhya Pradesh, India (“Project”);
2. Part funding of the incremental working capital requirements of the Company; and
3. General corporate purposes
Company Contact Details
Rays Power Infra Ltd.
1 st - 21 Evershine Mall,
North Meter Cabin 1,
Malad (West)
Mumbai, Maharashtra, 400064
Phone: +0141 403 8767
Email: cs@rayspowerinfra.com
Website: https://rayspowerinfra.com/
Registrar Contact Details
Rays Power Infra IPO - FAQs
The Rays Power Infra IPO is a MAINBOARD public issue comprising 0 equity shares with a face value of ₹2 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at TBA.