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₹96 - 96
Oneindig Technologies Ltd
Infrastructure Developers & OperatorsIPOSME
₹96 - 96
Our Company is engaged in providing Engineering, Procurement and Commissioning (EPC) services, in the solar energy sector, including complete turnkey solar power solutions and associated Operations and Maintenance (O&M) services. We undertake diverse solar projects, including residential rooftop, commercial & industrial (C&I) rooftop, ground-mounted projects and solar water pumps for Private clients and Government entities. In addition to turnkey solar power solutions, we supply wide range of solar products and equipment, including Solar PV (Photovoltaic) Modules, Solar inverters, Solar pump controllers, ESS(Li-ion/Lead Acid), ACDB/DCDB.LT/ HT Panels and all kinds of wires and cables. Further, we are also engaged in Independent Power Producer activities through Power Purchase Agreements (PPAs).
Lot1,200Min Invest₹2,30,400Face Value₹10Issue Size₹28 CrFresh Issue₹28 CrListing Price₹120CMP₹137
Timeline
30 Jul
Bidding opens
3 Aug
Bidding closes
4 Aug
Allotment
5 Aug
Refund & demat credit
6 Aug
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹28 Cr0.29 Cr shares
Fresh Issue₹28 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 49.78% · NII 15.13% · RETAIL 35.09%
Application Sizes
Retail₹2,30,4001-1 lots
sNII₹2,30,400from 2 lots
bNII₹10,36,800from 9 lots
Managers & Registrar
Lead ManagerShare India Capital Services Private Limited
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group51.33%37.8%Public48.67%62.2%
Objects of the Issue
- To Meet Working Capital Requirements
- General Corporate Purpose
Anchor Book
Bid Date29-Jul-2026
Financials
Profit & Loss
| Financial Year | FY25 | FY26 | FY26 |
|---|---|---|---|
| RevenueCr | 46 | 57 | 71 |
| Operating ProfitCr | 7 | 11 | 12 |
| OPM% | 14.9 | 18.7 | 17.4 |
| PBTCr | 6 | 8 | 9 |
| PATCr | 4 | 6 | 6 |
| EPS | 5 | 8 | - |
Balance Sheet
| Financial Year | FY25 | FY26 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 8 | 8 | - |
| ReservesCr | 7 | 13 | - |
| BorrowingsCr | 7 | 51 | - |
| Total AssetsCr | 36 | 89 | - |
Cash Flow
| Financial Year | FY25 | FY26 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | 0 | -15 | -10 |
| Investing Cash FlowCr | -3 | -27 | -26 |
| Financing Cash FlowCr | 1 | 42 | 37 |
| Net Cash FlowCr | -2 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Established EPC player, well positioned to capitalize in a fast-growing solar industry in India.
- Strong execution track record spread across geographies.
- Efficient co-development business model.
- Disciplined project selection & execution capability.
- Strong revenue visibility backed by robust Order Book.
Risks · as stated in the DRHP
- The company's business is working capital intensive and requires substantial financing for its business operations. Any inability to meet the company working capital requirements or arrange necessary financing in a timely and cost-effective manner may adversely affect its operations and profitability.
- Frequent Changes in Auditors Could Adversely Affect the Reliability and Continuity of the company Financial Reporting.
- Potential risks and uncertainties associated with future development of renewable power projects on agricultural land.
- There are certain delays in reporting of statutory dues by the company. Any further such delays may attract financial penalties from the respective government authorities and in turn may have a material adverse impact on its financial condition and cash flows.
- The company's business is dependent on top 10 off-takers for the year, which have contributed 97.25%, 96.76%, 88.01%, 69.38% of its revenue from operations during the Period ended January 31, 2026 and Financial Year ended 2025, 2024 and 2023, respectively. The loss of any of these off-takers could have an adverse effect on the company's business, financial condition, results of operations and cash flows. However, the top 10 customers vary year on year subject to longevity of the contract with the Company.
- The company procured 86.01%, 99.49%, 93.46%, 81.50% of its total purchases during the period ended January 31, 2026 and Financial Year ended 2025, 2024 and 2023, respectively from top 10 of the company suppliers. Further, its does not have definitive supply agreements with the company vendors for the supply of components and any interruptions in supply could adversely affect its business, financial condition, results of operations and cash flows.