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Oneindig Technologies Ltd IPO
Oneindig Technologies Ltd
₹2,18,400 /2400 sharesMinimum investment
IPO listing details
Listed on
6 Aug '26
Issue price
₹96.00
Listing price
₹120.00
Listing gains
₹24.00 (25.00%)
Exchange
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IPO details
Minimum investment
₹2,18,400
Price range
₹91 - ₹96
Lot size
1,200
Issue size
27.65 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers1.05x
Non-Institutional Investor2.04x
Retail Individual Investor1.82x
Total1.68x
As of 03 Aug'26, 05:00 PM
Schedule
30 Jul 2026
IPO open date
3 Aug 2026
IPO close date
4 Aug 2026
Allotment date
4 Aug 2026
Funds unblock or debit
6 Aug 2026
Tentative listing date
About
Founded in
2016
MD/CEO
Mr Manoj Agrawal
Parent organisation
Oneindig Technologies Ltd
Oneindig Technologies Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company provides end-to-end solar EPC services, including project development, engineering, procurement, commissioning, operations and maintenance (O&M), and independent power producer (IPP) activities through power purchase agreements (PPAs). It also operates under both CAPEX and RESCO business models, catering to residential, commercial, industrial, and government clients.
The company claims to have executed solar projects across more than 14 states in India and has also undertaken projects in international markets such as Nepal and Angola. Its portfolio includes residential rooftop, commercial and industrial rooftop, ground-mounted solar projects, and solar water pump installations.
The company claims to follow a co-development model under which it undertakes land aggregation, site preparation, approvals, power offtake arrangements, EPC execution, and O&M services. According to the company, this enables it to provide turnkey solar solutions while managing multiple stages of project development.
The company claims to have experience in executing solar projects in challenging geographical and climatic conditions. It states that it has incorporated high-wind-resistant mounting structures and carried out pull-out testing for projects executed in difficult terrains, including installations at Holongi Airport.
The company offers a diversified portfolio of solar products and solutions, including solar PV modules, inverters, lithium-ion and lead-acid energy storage systems, solar water pumps, mounting structures, and related electrical equipment. It also undertakes EPC projects ranging from small rooftop systems to large ground-mounted solar plants.
The company owns multiple registered trademarks for its product portfolio, including Oneindig Hawk, Oneindig WattEdge, Oneindig WattSun, Oneindig Vajra, and Oneindig Dove, and also has a registered domain name, oneindig.tech.
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 19.32 crore in FY23 to Rs 43.64 crore in FY24 and Rs 46.01 crore in FY26. PAT increased from Rs 0.11 crore in FY23 to Rs 2.95 crore in FY25 and Rs 4.16crore in FY25.
The top 10 customers contributed Rs 55.88 crore (97.25%), Rs 44.52 crore (96.76%), RS 37.12 crore (88.01%), and Rs 13.40 crore (69.38%) to the company’s revenue from operations during the period ended January 31, 2026, FY25, FY24, and FY23, respectively. Failure by the company to retain these key customers, a reduction in business from them, or deterioration in their financial condition could adversely affect the company’s business, cash flows, and financial performance.
The top 10 suppliers accounted for Rs 32.75 crore (86.01%), Rs 40.72 crore (99.49%), Rs 34.40 crore (93.46%), and Rs 13.60 crore (81.50%) of the company’s total purchases during the period ended January 31, 2026, FY25, FY24, and FY23, respectively. Any disruption in supplies, failure to maintain relationships with these key suppliers, or inability to procure quality components on time could adversely affect the company’s project execution, business operations, and financial performance.
The company had contingent liabilities of Rs 6.03 crore as of January 31, 2026. Additionally, it has received an income tax demand of Rs 9.34 crore for Assessment Year 2025, which it has contested. If these contingent liabilities or tax claims materialise, they could adversely affect the company’s financial condition, cash flows, and results of operations.
The company, its promoter, and directors are involved in certain ongoing legal proceedings. Any adverse decision or outcome in these matters could adversely affect the company’s business, results of operations, and financial condition.
The company had total outstanding financial indebtedness of Rs 27.72 crore as of January 31, 2026, comprising Rs 21.08 crore of secured borrowings and Rs 6.64 crore of unsecured borrowings. Any failure to service or repay these borrowings, or comply with the terms of its financing arrangements, could hurt the company’s business and finances.
The company’s subsidiaries operate in the same line of business as the company, creating a potential conflict of interest. Although the company states that these subsidiaries were incorporated as special purpose vehicles (SPVs) for specific solar projects and have entered into non-compete agreements, any actual or perceived conflict arising from overlapping business activities could adversely affect its operations, strategic decision-making, and financial performance. Investors should keep an eye on this matter.
The company recorded negative cash flows from operating activities of Rs 14.70 crore, Rs 0.45 crore, and Rs 3.79 crore during the period ended January 31, 2026, FY25, and FY23, respectively. This shows the company is not generating an adequate cash balance from its operations, which could force it to borrow money to fund its day-to-day operations. The interest cost on these borrowings will weigh on the bottomline. Investors should keep an eye on this metric.
Application details
For Oneindig Technologies IPO, eligible investors can apply as Individual investor.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ₹91 - ₹96 | ₹2 - ₹5 Lakhs | 1200 |
About
Objective of Oneindig Technologies IPO Proceeds
|
Particulars |
Estimated Amount (in ₹ Cr.) |
|---|---|
|
To meet working capital requirements |
20.00 |
|
General Corporate Purposes |
[.] |
|
Total |
[.] |
Book Running Lead Manager & Registrar of Oneindig Technologies IPO
|
Book Running Lead Manager |
Share India Capital Services Private Limited |
|
Registrar to the Issue |
Maashitla Securities Private Limited |
|
Market Maker to the Issue |
Share India Securities Limited |
Key Performance Indicators (KPIs) of Oneindig Technologies Ltd.
|
KPI |
Value (for the period ended January 31, 2026) |
|
ROE (%) |
34.89 |
|
ROCE (%) |
14.71 |
|
EBITDA Margin (%) |
18.31 |
|
Return on Net Worth (RoNW) (%) |
34.89 |
|
EPS (Pre-IPO) (₹) |
5.18 |
Oneindig Technologies IPO Contact Details
|
Company Name |
Oneindig Technologies Limited |
|
Registered Office |
V-503, Atrium, Vivanta by Taj Hotel Complex, Shooting Range Road, Suraj Kund, Faridabad – 121009, Haryana, India |
|
Phone |
+91 98104 84146 |
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|
Website |
Oneindig Technologies IPO Registrar Contact Details
|
Company Name |
Maashitla Securities Private Limited |
|
Phone |
011 4758 1432 |
|
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Website |