Rays Power Infra Limited

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Offer Period :

Established in 2011, Rays Power Infra Limited is a leading player in solar engineering, procurement, and construction services in India. With a track record of 1,207 Read more... MWp projects and expertise in land acquisition, they offer customized renewable energy solutions.Read less

Rays Power Infra Limited IPO Details

IPO Date - Minimum Investment ₹ / Lots
Listing Date Maximum Investment ₹ / Lots
Face Value ₹0 per share Total Issue Size ₹0 Crores
Price ₹0 to ₹0 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (0 Shares) Offer For Sale ₹ 0
Listing At Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date -
Listing Date
Face Value ₹0 per share
Price ₹0 to ₹0 per share
Lot Size 1 Lots (0 Shares)
Listing At
Employee Discount ₹0 Crores
Minimum Investment ₹ / Lots
Maximum Investment ₹ / Lots
Total Issue Size ₹0 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

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IPO Starts

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IPO Ends

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Allotment Date

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Initiation of Refund

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Credit of Shares to Demat Account

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IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 100 100

Rays Power Infra Limited IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 0(0%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 0
Total Shares With Anchor Investor 0

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Rays Power Infra Limited IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Rays Power Infra Limited IPO Lead Manager

1. Anand Rathi Advisors Ltd

2. Unistone Capital Pvt Ltd

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Rays Power Infra Limited IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Rays Power Infra Limited

1. Established EPC player, well positioned to capitalise in a fast-growing solar industry in India.

2. Strong execution track record spread across geographies.

3. Efficient co-development business model.

4. Disciplined project selection & execution capability.

5. Strong revenue visibility backed by robust Order Book.

6. Proven technical capabilities even in challenging conditions.

7. Consistent financial performance backed by an asset-light business model.

8. Experienced senior management team.

Risks Involved

1. There are pending litigations against the Company, Promoters and its Subsidiaries. Any adverse decision in such proceedings may render it / them liable to liabilities / penalties and may adversely affect its business, results of operations and financial condition.

2. In the past, legal proceedings have been initiated against it by the company suppliers and there is no assurance that similar actions and proceedings are not initiated in future Any such legal proceedings against the Company would lead to an adverse impact on the results of operations, cash flows and financial condition.

3. Its Statutory Auditor has included emphasis of matter in the company Restated Consolidated Financial Information and there is no assurance that such emphasis of matters or qualifications are not included in its financial statements for future periods, which, if included, may have an adverse impact on its results of operations.

4. Its contingent liabilities could materially and adversely affect its business, results of operations and financial condition.

5. There are certain criminal proceedings pending against Kamal Mehta, one of its Promoter Group members, which if decided against him may lead to a loss of reputation for the Company.

6. There have been instances of delay in filing of GST, ESIC and PF returns of the Company. Its may be subject to regulatory actions and penalties for any such delays and its business, financial condition and reputation may be adversely affected.

7. The company operations are subject to risks of mishaps or accidents that could cause damage or loss to life and property. In the past there have been an instance of fatal accident in one of its project locations. Any such fatal accident or incident causing damage or loss to life and property in future could negatively affect its reputation, thereby making it more difficult for it to conduct the company business operations effectively.

8. The company has, and may continue to have, negative cash flows from operating activities. Negative cash flows will adversely impact its ability to service its debt obligations and/or avail fresh indebtedness.

9. Its name and logo `RAYS POWER INFRA' are not registered as a trademark. Maintaining the reputation of its corporate name, logo and the goodwill associated with these trademarks is material to its success. If the company is unable to protect the company's intellectual property rights, its business, financial condition and results of operations may be adversely affected.

10. The company has incurred indebtedness of Rs. 1,871.41 million as of October 31, 2023 and its may avail debt facilities in the future to run the company's business. Conditions and restrictions imposed on it by the agreements governing its indebtedness and the company inability to meet its obligations, including financial and other covenants under its debt financing arrangements could adversely affect its business, results of operations and cash flows.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022
Total Assets 658.28 897.5
Total Liabilities 658.28 897.5
Total Expenses 729.5 538.53
Total Revenue 
890.51 555.43
Profit After Tax 133.25 7.19
EBITDA 186.62 133.57
Adjusted EBITDA 0 0

Rays Power Infra Limited IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
0 -
INE666X01012
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹0 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Rays Power Infra Limited IPO?

Answer Field

Rays Power Infra Limited IPO is a [-] IPO of [-] equity shares of a face value of ₹[-] aggregating up to ₹[-] Crores. The issue is priced at ₹[-] to ₹[-] per share. The minimum order quantity is [-] Shares. The IPO opens on [-], and closes on [-]. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on [-].

When Rays Power Infra Limited IPO will open?

Answer Field

The Rays Power Infra Limited IPO opens on [-] and closes on [-].

What is the lot size of Rays Power Infra Limited?

Answer Field

Rays Power Infra Limited lot size is [-] shares, and the minimum amount required is ₹[-].

How to apply for Rays Power Infra Limited IPO?

Answer Field

You can apply in Rays Power Infra Limited IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Rays Power Infra Limited IPO allotment?

Answer Field

The finalization of Basis of Allotment for Rays Power Infra Limited IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

When is Rays Power Infra Limited IPO listing date?

Answer Field

The Rays Power Infra Limited listing date is [-].

Who is the registrar of Rays Power Infra Limited IPO?

Answer Field

The registrar of Rays Power Infra Limited IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Anand Rathi Advisors Ltd,Unistone Capital Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Rays Power Infra Limited IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Rays Power Infra Limited?

Answer Field

Retail investors can subscribe to a minimum of one lot, [-] shares and ₹[-] amount.

How can I approve the UPI mandate request for Rays Power Infra Limited IPO?

Answer Field

To apply for Rays Power Infra Limited IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Rays Power Infra Limited?

Answer Field

The price of each Rays Power Infra Limited share will be ranging in between ₹[-] to ₹[-] per share.

What is the cut-off time for the UPI mandate for Rays Power Infra Limited IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, [-].

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