Oneindig Technologies
Oneindig Technologies is a renewable energy company specializing in Engineering, Procurement, and Commissioning (EPC) services for solar power projects. The firm operates in the green energy sector, providing end-to-end solar solutions including rooftop installations, ground-mounted projects, and solar water pumps.
Price Band
₹96 - ₹96
Lot Size
2400 Shares
Issue Size
₹27.65 Cr
Fresh Issue
₹27.65 Cr
OFS
N/A
Registrar
AI Sentiment Score
Listing Price
Listed Aug 6
Est. Listing: ₹96 (0%)
📅 IPO Timeline
1
Open
Aug 30
✓
Close
Aug 3
✓
Allotment
Aug 4
✓
Refund
Aug 5
✓
Demat
Aug 5
✓
Listing
Aug 6
✨ AI Analysis & Prediction
-1.0%
predicted listing gain
The listing gain is adjusted downward due to very low QIB subscription (1.05x), which indicates a lack of institutional confidence. However, this is partially offset by a very small float size (₹27.65 Cr) and strong financial ratios (ROE 37.58%), preventing a negative listing prediction.
💪 Strengths
- High ROE (37.58%) and ROCE (30.31%)
- 100% Fresh Issue ensuring capital infusion
⚠️ Weaknesses
- Low QIB subscription (1.05x) indicating low institutional interest
- Small revenue base compared to larger peers
🚀 Opportunities
- Government schemes like PM-KUSUM and PM Surya Ghar Muft Bijli Yojana
- Expanding footprint across 15+ Indian states
🛡️ Threats
- Intense competition in the solar EPC sector
- Dependence on government policy for solar adoption
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| To meet working capital requirements | ₹20.00 |
| General Corporate Purpose | ₹7.65 |
📊 Financial Overview
| Metric | FY25 |
|---|---|
| Revenue (₹ Cr) | Rs 46.01 Cr |
| Net Profit / PAT (₹ Cr) | Rs 4.16 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 7.07 Cr |
| Borrowings (₹ Cr) | Rs 6.96 Cr |
| Total Assets (₹ Cr) | Rs 35.53 Cr |
Debt/Equity
0.47
📋 Live Subscription Status
QIB
1.05x
NII
2.40x
Retail
1.84x
Total
1.73x
Updated: Aug 5, 2026 8:09 AM
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Established in November 2016, Oneindig Technologies has evolved into a comprehensive solar solutions provider. The company focuses on the Engineering, Procurement, and Commissioning (EPC) side of renewable energy, helping clients transition to sustainable power through various technical implementations.
Their business model is diversified across residential and commercial rooftop installations, ground-mounted solar projects, and the deployment of solar water pumps. Additionally, they generate electricity through long-term Power Purchase Agreements (PPAs), ensuring a steady operational framework.
Oneindig Technologies offers a wide array of products including solar PV modules, inverters, batteries, energy storage systems, and mounting structures. They also provide critical maintenance services and controllers to ensure the longevity of solar installations.
Geographically, the company has a wide footprint across India, completing projects in Delhi, Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, Punjab, Uttarakhand, Telangana, Arunachal Pradesh, Odisha, Jammu & Kashmir, and West Bengal. They have notably completed 17 solar power projects and 500 solar water pumps under government initiatives like PM-KUSUM and PM Surya Ghar Muft Bijli Yojana.
The company is led by promoters Manoj Agarwal and Seema Agarwal, who have scaled the business from its inception to a multi-state operational entity in the renewable energy space.
Oneindig Technologies is launching a book-built SME IPO on the BSE SME platform with a total issue size of approximately ₹27.65 Crores. The entire issue consists of a fresh issue of shares, with no Offer for Sale (OFS) component. The price band is set between ₹91 and ₹96 per share, with a minimum retail lot size of 2,400 shares amounting to ₹2,30,400. The IPO was open from July 30 to August 3, 2026, with listing scheduled for August 6, 2026.
The proceeds from the fresh issue are primarily earmarked for corporate growth, with ₹20.00 Crores allocated to meet working capital requirements, while the remaining funds are for general corporate purposes.
Financially, the company has shown positive momentum. For FY2025, it reported revenue of ₹46.14 Crores and a PAT of ₹4.17 Crores. This growth continued into January 2026, where revenue rose to ₹57.56 Crores and PAT increased to ₹6.16 Crores, indicating strong short-term scaling.
Valuation is supported by high efficiency metrics, with a Return on Equity (ROE) of 37.58% and a Return on Capital Employed (ROCE) of 30.31%. The Basic EPS for FY2025 stands at ₹5.22, and the company maintains a healthy Debt-to-Equity ratio of 0.47.
Key investment strengths include the 100% fresh issue structure, which keeps capital within the company, and the strong alignment with government solar schemes. However, the low QIB subscription rate is a point of concern for short-term listing pops.
Investors should view this as a long-term play in the renewable energy sector. While the financial ratios are impressive, the neutral review and lukewarm institutional demand suggest a cautious approach for those seeking immediate listing gains.