Oneindig Technologies Ltd IPO
Infrastructure Developers & Operators
Price Band
₹91 – ₹96
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹230400
Issue Size
₹27.65Cr
Opens
2026-07-30
Closes
2026-08-03
Listing
06-08-2026
Subscription Status
Qualified Institutional Buyers
1.05 x
Non-Institutional Investor
2.04 x
Retail Individual Investor
1.82 x
Total
1.68 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0UR501013
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Oneindig Technologies Limited provides engineering, procurement, and commissioning (EPC) services in the solar energy sector. The company offers turnkey solar power solutions, operations and maintenance (O&M) services, and supplies solar products, such as solar PV modules, inverters, energy storage systems, solar pump controllers, panels, mounting structures, wires, and cables. It undertakes residential rooftop, commercial and industrial (C&I) rooftop, and ground-mounted solar projects and solar water pump installations for private and government clients. The company is also engaged in independent power producer (IPP) activities through power purchase agreements (PPAs). In addition, it designs and develops solar module mounting structures and provides EPC services for solar water pumps. Oneindig Technologies operates through CAPEX and RESCO business models and serves B2B, B2G, and B2C customers. Its registered office is in Faridabad, Haryana, with a corporate office in New Delhi and warehouses in Haryana and Jammu & Kashmir.
Pros
- • 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.
Cons
- • 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.
Get real-time IPO alerts on WhatsApp
Opening reminders • Subscription updates • GMP alerts • Allotment results
Start WhatsApp Alerts