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Rays Power Infra Unlisted Share Price Price

Rays Power Infra Unlisted Share Price

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Rays Power Infra Unlisted Share Price

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Rays Power Infra Unlisted Share Price

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About Rays Power Infra Unlisted Share Price

Rays Power Infra Limited Unlisted Share Price

Rays Power Infra is one of India’s fast-growing solar EPC and renewable energy solutions companies, and over the years, it has attracted strong interest from private-market investors. As the renewable energy sector expands rapidly, many investors actively track the Rays Power Infra Unlisted Share Price to understand potential value creation ahead of a future listing.

This page provides an insightful and easy-to-read overview of the company, what drives its unlisted share price, and how investors generally participate in the pre-IPO market.

About Rays Power Infra

Rays Power Infra is a leading player in India’s solar engineering, procurement, and construction (EPC) space. The company has executed numerous large-scale solar power projects across multiple states and has developed strong capabilities in turnkey execution, project development, and long-term O&M services.

With over a decade of presence in the renewable energy landscape, the company has built:

  • Expertise in utility-scale solar projects

  • Pan-India execution strength

  • Industry partnerships with technology & equipment providers

  • A solid project development pipeline

Operating in a sector that is central to India’s clean energy transition, Rays Power Infra’s work aligns with national sustainability goals. Renewable energy—especially solar power—continues to see aggressive expansion, driven by policy support, falling technology costs, and rising demand for green infrastructure. This sector-wide momentum naturally enhances investor interest in the company’s long-term prospects.

Why Investors Track Rays Power Infra’s Unlisted Shares

Investors—especially seasoned pre-IPO and private equity participants—closely evaluate companies in sunrise sectors like renewable energy. Rays Power Infra fits this thesis perfectly. This is why the Rays Power Infra Unlisted Share Price has become a trending topic in India’s private-market ecosystem.

Key reasons for investor interest include:

1. Strong Industry Tailwinds

India aims to reach significant renewable energy capacity in the coming years. Solar power forms a major part of this target, ensuring continuous project demand for companies like Rays Power Infra.

2. Growing Execution Track Record

A company with a proven EPC and development record in solar infrastructure often draws higher valuation expectations, especially when the renewable market is expanding.

3. Progress Toward a Potential IPO

Many investors accumulate unlisted shares ahead of an IPO with the expectation of long-term gains. As the company strengthens its business position, the sentiment around its forthcoming listing grows stronger.

4. Interest in Green & Impact Investing

Renewable energy is increasingly becoming a preferred sector for ESG-focused investors. Rays Power Infra’s business model naturally aligns with sustainability principles.

Factors Influencing Rays Power Infra Unlisted Share Price

The Rays Power Infra Unlisted Share Price fluctuates based on multiple internal and external factors. These include:

1. Company Financial Performance

Growth in revenue, profitability, and cash flow positively influences valuations in the private market.

2. New Project Orders

Winning large EPC contracts or expanding into new markets often leads to price appreciation in unlisted shares.

3. Sector Growth Trends

Policy changes, government incentives, and rising demand for solar installations can impact investor perception and pricing.

4. IPO-Related Developments

News regarding fundraising, corporate restructuring, financial audits, or steps taken toward listing can significantly influence the unlisted share price.

5. Market Demand & Supply

Unlisted shares trade in a private network where price is heavily determined by the availability of shares and investor appetite at any given time.

For these reasons, the Rays Power Infra Unlisted Share Price is not fixed—it moves based on sentiment, performance, and broader industry dynamics.

Benefits of Investing in Rays Power Infra Unlisted Shares

Investing in unlisted shares has its own advantages for informed investors:

✔ Early Entry Before IPO

Investors can participate before the company is listed publicly, potentially benefiting from value appreciation.

✔ Exposure to a High-Growth Sector

Solar and renewable energy continue to expand rapidly, offering long-term growth potential.

✔ Portfolio Diversification

Adding private equity or unlisted shares helps diversify beyond traditional equity and mutual funds.

✔ Potential for Higher Returns

If the company performs well post-listing, early investors may see significant upside.

Risks of Investing in Unlisted Shares

As with any investment, risks exist and must be evaluated carefully:

⚠ Low Liquidity

Unlisted shares are not as easily traded as public market shares.

⚠ Price Volatility

The Rays Power Infra Unlisted Share Price may fluctuate widely depending on market sentiment.

⚠ No Guaranteed Listing Timeline

Even if a company prepares for an IPO, market conditions may delay or alter listing plans.

⚠ Limited Public Information

Unlike listed companies, unlisted firms disclose less frequent financial data.

Investors should perform thorough due diligence before committing funds.

How to Buy Rays Power Infra Unlisted Shares

Buying unlisted shares typically involves:

  1. Connecting with SEBI-registered brokers or platforms that specialize in unlisted/pre-IPO shares.

  2. Checking availability since supply varies depending on existing shareholders selling their stakes.

  3. Completing KYC and documentation such as PAN, Demat account details, and investor agreements.

  4. Transferring funds securely through approved channels.

  5. Receiving shares in your Demat account once the transaction is processed.

It’s important to follow only compliant and transparent processes. Unlisted Radar helps investors access reliable data, pricing updates, and insights before making a decision—ensuring a smoother and more informed investment experience.

Read More

Fundamentals

Rays Power Infra Unlisted Share Price

₹ 0

Per Equity Share

Lot Size

Share

52 Week High

₹ 0

52 Week Low

₹ 0

Depository

PAN Number

ISIN Number

CIN

RTA

Market Cap (in Cr.)

₹ -

P/E Ratio

-

P/B Ratio

-

Debt to Equity

-

ROE(%)

-

Book Value

-

Face Value

10.00

Total Shares

Financials

P&L Statement

P&L Statement 2022 2023 2024
Interest Earned 0.00 0.00 0.00
Other Income 1335.74 1047.53 476.63
Interest Expended 2752.16 1519.64 3730.18
Operating Expenses 89533.67 71141.69 84995.59
Provisions and contingencies 0.00 0.00 0.00
PAT 5080.90 4590.11 20859.06
EPS 5.59 4.57 20.14
Gross NPA 0.00 0.00 0.00
Net NPA 0.00 0.00 0.00
Financial Ratios 2023 2024 2025
Advances 1200.66 2174.49 2406.06
Book Value 7.35 13.40 21.89
P/B 0.00 0.00 0.00
ROE(%) 97.48 33.99 28.89

Balance Sheet

Balance Sheet 2022 2023 2024
Fixed Assets 9309.86 8789.63 10782.23
Cash and Balances 3268.12 4057.36 3109.73
Investments 1112.48 1133.33 1130.89
Advances 37636.09 20073.18 30339.30
Other Assets 29650.16 36965.11 70837.38
Total Assets 80976.71 71018.61 116199.53
Liabilities 2023 2024 2025
Share Capital 102.69 542.15 569.38
FV 2.00 2.00 2.00
Reserves 1757.57 2945.73 5588.48
Borrowings 1103.02 1393.22 2704.49
Deposits 0 0 0
Other Liabilities 3474.84 2513.03 5291.39
Total Liabilities 6440.12 7396.13 14155.74

Cash-Flow Statement

Cash-Flow Statement 2023 2024 2025
PBT 1582.61 1175.20 1866.73
OPBWC 740.86 1232.16 1991.26
Term Deposit 0.00 0.00 0.00
Change in Investment 0.00 0.00 0.00
Change in Advances 0.00 0.00 0.00
Change in Deposit 0.00 0.00 0.00
Other Changes 0.00 0.00 0.00
Working Capital Change 539.56 70.41 327.82
Cash Generated From Operations 201.30 1161.75 1663.44
Tax 162.80 158.53 368.36
Cash Flow From Operations 702.36 228.94 696.18
Purchase of PPE 185.87 936.21 291.76
Sale of PPE 0.00 10.51 30.83
Purchase of Investment 0.00 0.00 0.00
Sale of investments 0.00 0.00 21.37
Others 0.00 0.00 0.00
Cash flow from Investment 538.30 1757.93 1158.12
Proceeds from Borrowing 0.00 0.00 0.00
Repayment of Borrowing 0.00 0.00 0.00
Dividend 0.00 0.00 0.00
Proceeds from Equity 0.00 0.00 0.00
Others From Financing 0.00 0.00 0.00
Cash Flow from Financing 0.00 0.00 0.00
Net Cash Generated 49.85 49.85 372.98
Cash at the Start 0.00 0.00 0.00
Cash at the End 0.00 0.00 0.00

Data not found

Shareholding Pattern

Ketan Mehta

30.15%

Mehta Family Trust

12.92%

Pawan Kumar Sharma

16.33%

Sanjay Garudapally

16.33%

Sharma Family Trust

7.00%

Garudapally Family Trust

7.00%

Peer Ratio

Particulars (cr) Revenue (FY2025) EPS (FY2025) Mcap (26.09.25) P/E (26.09.25)
Sterling & Wilson Renewables 63018.60 3.49 242.75 69.56x
Waaree RTL 15977.48 22.00 1010.75 45.94x
Oriana Power 9871.66 79.52 2398.80 30.17x
KPI Green Energy 17354.54 16.23 447.55 27.58x

Events

Name

Details

2025

01 Jan

Land Allotment for 1.5 GW Cell Manufacturing Facility (MPIDC)

Received land allotment from MPIDC for new solar cell manufacturing plant (1.5 GW TOPCon).

01 Jan

Won LOAs for 300MW / 540MWh & 225MW / 150MWh ESS Projects

Won major Letters of Award from a prominent PSU for FDRE + ESS renewable projects.

2024

01 Jan

Commissioned 272.13 MWp (Karnataka) & 162.79 MWp (Gujarat)

Executed two major solar projects in Karnataka & Gujarat.

2023

01 Jan

Entered Water EPC Sector (Uttar Pradesh)

Entered into contract for water EPC project in Uttar Pradesh.

2022

01 Jan

Commissioned 270 MWp Solar Project in Bangladesh

Completed 270 MWp solar project in Bangladesh.

2021

01 Jan

Transition to Asset-Light Co-Development Model

Moved from asset-heavy IPP model to asset-light Co-Development model.

2020

01 Jan

106 MWp Solar Project (Tamil Nadu)

106 MWp Solar Project (Tamil Nadu)

2019

01 Jan

First International Project Commissioned

Commissioned 50 MWp project in Vietnam, first overseas project.

2014

01 Jan

Started IPP (Independent Power Producer) Business

Started project development as independent power producer.

2013

01 Jan

First Co-Development Project Commissioned

Commenced and commissioned first project under the Co-Development business model.

2011

13 Jun

Incorporation of the Company

Company incorporated as “Rays Power Infra Private Limited” in Jaipur, Rajasthan.

Promoters or Management

Name Designation Experience Social Profile
Ketan Mehta Chairperson & Managing Director (Promoter) 0
Pawan Kumar Sharma Whole-time Director (Promoter) 0
Sanjay Garudapally Whole-time Director (Promoter) 0
Sweta Mehta Deputy General Manager (Contracts), Promoter 0
Richa Sharma Manager, Promoter 0
Shruthi Gupta Garudapally General Manager, Garudapally Infrastructures Pvt Ltd (Group Co.), Promoter 0
Mehta Family Trustee Private Limited Promoter Entity (does not hold equity shares) 0
Mehta Family Trust Promoter Entity 0
Sharma Family Trust Promoter Entity 0
Garudapally Family Trust Promoter Entity 0

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Frequently Asked questions

Everything you need to know before you start investing in unlisted shares.

Unlisted shares are stocks of companies that are not yet listed on the stock exchange. These shares are typically offered to private investors or traded on over-the-counter markets. Investing in unlisted shares provides early access to potentially high-growth companies before they go public.

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We feature companies from a variety of sectors, including technology, healthcare, consumer goods, and more. These companies are typically in their growth phase, with strong potential to go public in the future, providing early investment opportunities.

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Yes! Our team of experts is available to answer any questions and guide you through your investment journey. Whether you need help understanding reports, valuation metrics, or specific company details, we’re here to support you every step of the way.

If the company you’ve invested in gets acquired, the value of your investment will depend on the terms of the acquisition. You’ll typically receive a payout based on the acquisition deal, which could be in the form of cash or shares in the acquiring company. Our team will keep you updated on any significant events like acquisitions or mergers.

Yes! You can diversify your portfolio by investing in multiple unlisted shares available on our platform. This approach can help spread your risk while potentially increasing your return opportunities.

The withdrawal process depends on the liquidity of the unlisted shares you’ve invested in. Once the shares become tradable or the company undergoes an IPO, you can sell your shares and withdraw your funds. Specific withdrawal instructions will be provided at the time of the investment.

Yes, if the company goes public through an IPO, your unlisted shares become listed shares and can be traded on the stock exchange after the lock-in period, if applicable.

Some of the most talked-about unlisted companies include:
  • 1. Reliance Retail
  • 2. HDFC Securities
  • 3. NSE (National Stock Exchange)
  • 4. Paytm Money
  • 5. Tata Technologies (Availability may vary—verify before investing.)