Oneindig Technologies Ltd IPO
Status: Closed
Overview
IPO date
30 Jul 2026 to 03 Aug 2026
Face value
₹ 0 per share
Price
₹ 91 to ₹96 per share
Issue Size
2,880,000 shares
(aggregating up to ₹ 27.65 Cr)
(aggregating up to ₹ 27.65 Cr)
Allotment Date
04 Aug 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Infrastructure Developers & Operators
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T&C*
Strengths vs Risks of Oneindig Technologies Ltd
Know the pros & cons
Strengths
- 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
- 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.
- The company has Quantifiable contingent liabilities and commitments, and its financial condition could be adversely affected if these contingent liabilities or commitments materialize.
- The Company, Promoter and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- The company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.
- Its Subsidiaries are involved in a business which is of same line of business/unit as that of the Company.
- Clerical Errors in Statutory Filings with the Registrar of Companies and Related Compliance Proceedings.
- An error in its Tax Audit Report has resulted in an income tax demand against the Company; any future errors or omissions in statutory filings, including tax audit reports, may expose it to tax demands, penalties, and regulatory consequences, which could adversely affect the company's business, financial condition, and reputation.
- A significant portion of the company's Revenue from Operations during the period ended January 31, 2026 was derived from the states of Uttar Pradesh Haryana and Jammu & Kashmir, contributing approximately 93.51%, and any loss of business in such region could have an adverse effect on the company's business, results of operations and financial condition.
- The Registered office and warehouses of the company located in Faridabad, Jammu & Kashmir and Hisar respectively is on rented basis. There can be no assurance that the rent agreement will be renewed upon termination or that its will be able to obtain other premises on rent or on same or similar commercial terms.
- In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operates its business it may have a material adverse effect on the company's business.
- The company's insurance policies does not cover all risks, specifically risks like loss of profits, terrorism, etc. In the event of the occurrence of such events, the company insurance coverage may not adequately protect it against possible risk of loss.
- The company's management will have broad discretion in how its apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by the company will result in any increase in the value of your investment.
- The company's brand name is not owned by it but by the company Promoter Group company, and any restriction or dispute relating to its use could adversely affect the company's business, goodwill and results of operations.
- The company's inability to protect or use its intellectual property rights or comply with intellectual property rights of others may adversely affect the company's business and results of operations.
- Any adverse changes in regulations governing the company's business operations or products or the products of its end customers, may adversely impact the company's business, prospects, results of operations and cash flows.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its management and the company board of Directors, though it shall be monitored by the company Audit Committee.
- Its may be unable to detect, deter and prevent all instances of fraud or other misconduct committed by the company employees which may have a material adverse effect on its business, reputation, results of operations, financial condition and cash flows.
- The company is highly dependent on its Key Managerial Personnel, Senior Management Personnel and skilled professionals for the company's business. The loss of its inability to attract or retain such persons could have an adverse effect on the company's business performance.
- The company has not identified any alternate source of raising the funds mentioned as its `Objects of the Issue'. Any shortfall or delay in raising / meeting the same could adversely affect the company growth plans, operations and financial performance.
- The company's future fund requirements, in the form of further issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
- The company has not independently verified certain data in this Red Herring Prospectus.
- The company has incurred indebtedness which exposes it to various risks which may have an effect on the company's business and results of operations.
- The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.
- The requirement of funds in relation to the objects of the Offer has not been appraised by any banks/ institutions.
- Unfavorable Media Coverage or Negative Publicity of the company Partners May Adversely Affect its Brand, Business, Financial Condition, Cash Flows, and Results of Operations.
- The company has issued equity shares at different prices in the recent past, which may be perceived as inconsistent and could raise concerns among investors.
- Reclassification of Jitendra Dharampal Tiwari from Promoter category to Public Shareholder due to resignation from the Board of Directors of the Issuer Company.
- Its Subsidiaries are involved in a business which is of same line of business/unit as that of the Company.
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The IPO opens on 30 Jul 2026 & closes on 03 Aug 2026.
Oneindig Technologies Limited was originally incorporated as 'Oneindig Technologies Private Limited' as a Private Limited company dated November 02, 2016 with the Registrar of Companies. Subsequently, the status of the Company was converted from a private limited to public limited Company and the name was changed to 'Oneindig Technologies Limited' dated June 29, 2024 issued by Central Registration Centre.
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. It 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, it supply wide range of solar 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, it is also engaged in Independent Power Producer activities through Power Purchase Agreements (PPAs).
With a primary focus on renewable energy, Company began its operations in Delhi and has installed Solar Power Plants in various states of India including Delhi, Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Maharashtra, West Bengal. Company has developed, executed and commissioned 17 major projects under the Ground-Mounted segment, with a total project value exceeding 19 Crore. Under the Commercial & Industrial (C&I) rooftop segment, we have completed various projects for private as well as Government clients. It has further installed 500+ pumps under the Solar Water Pump Division at Haryana.
Company is planning the Initial Public Offer of issuing 29,76,000 equity shares of Rs 10 each through Fresh Issue.
Oneindig Technologies Ltd IPO will close on 03 Aug 2026.
- 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.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Manoj Agrawal | 2559200 | 31.81 | 2559200 | 23.43 |
| 2 | Seema Agrawal | 800160 | 9.95 | 800160 | 7.32 |
| 3 | MAT Commercials Linkages Pvt L | 770000 | 9.57 | 770000 | 7.05 |
- 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.
- The company has Quantifiable contingent liabilities and commitments, and its financial condition could be adversely affected if these contingent liabilities or commitments materialize.
- The Company, Promoter and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- The company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.
- Its Subsidiaries are involved in a business which is of same line of business/unit as that of the Company.
- Clerical Errors in Statutory Filings with the Registrar of Companies and Related Compliance Proceedings.
- An error in its Tax Audit Report has resulted in an income tax demand against the Company; any future errors or omissions in statutory filings, including tax audit reports, may expose it to tax demands, penalties, and regulatory consequences, which could adversely affect the company's business, financial condition, and reputation.
- A significant portion of the company's Revenue from Operations during the period ended January 31, 2026 was derived from the states of Uttar Pradesh Haryana and Jammu & Kashmir, contributing approximately 93.51%, and any loss of business in such region could have an adverse effect on the company's business, results of operations and financial condition.
- The Registered office and warehouses of the company located in Faridabad, Jammu & Kashmir and Hisar respectively is on rented basis. There can be no assurance that the rent agreement will be renewed upon termination or that its will be able to obtain other premises on rent or on same or similar commercial terms.
- In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operates its business it may have a material adverse effect on the company's business.
- The company's insurance policies does not cover all risks, specifically risks like loss of profits, terrorism, etc. In the event of the occurrence of such events, the company insurance coverage may not adequately protect it against possible risk of loss.
- The company's management will have broad discretion in how its apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by the company will result in any increase in the value of your investment.
- The company's brand name is not owned by it but by the company Promoter Group company, and any restriction or dispute relating to its use could adversely affect the company's business, goodwill and results of operations.
- The company's inability to protect or use its intellectual property rights or comply with intellectual property rights of others may adversely affect the company's business and results of operations.
- Any adverse changes in regulations governing the company's business operations or products or the products of its end customers, may adversely impact the company's business, prospects, results of operations and cash flows.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its management and the company board of Directors, though it shall be monitored by the company Audit Committee.
- Its may be unable to detect, deter and prevent all instances of fraud or other misconduct committed by the company employees which may have a material adverse effect on its business, reputation, results of operations, financial condition and cash flows.
- The company is highly dependent on its Key Managerial Personnel, Senior Management Personnel and skilled professionals for the company's business. The loss of its inability to attract or retain such persons could have an adverse effect on the company's business performance.
- The company has not identified any alternate source of raising the funds mentioned as its `Objects of the Issue'. Any shortfall or delay in raising / meeting the same could adversely affect the company growth plans, operations and financial performance.
- The company's future fund requirements, in the form of further issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
- The company has not independently verified certain data in this Red Herring Prospectus.
- The company has incurred indebtedness which exposes it to various risks which may have an effect on the company's business and results of operations.
- The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.
- The requirement of funds in relation to the objects of the Offer has not been appraised by any banks/ institutions.
- Unfavorable Media Coverage or Negative Publicity of the company Partners May Adversely Affect its Brand, Business, Financial Condition, Cash Flows, and Results of Operations.
- The company has issued equity shares at different prices in the recent past, which may be perceived as inconsistent and could raise concerns among investors.
- Reclassification of Jitendra Dharampal Tiwari from Promoter category to Public Shareholder due to resignation from the Board of Directors of the Issuer Company.
- Its Subsidiaries are involved in a business which is of same line of business/unit as that of the Company.
The Issue type of Oneindig Technologies Ltd is Book Building - SME.
The minimum application for shares of Oneindig Technologies Ltd is 2400.
The total shares issue of Oneindig Technologies Ltd is 2880000.
Initial public offer of upto 28,80,000 equity shares of face value of Rs. 10.00 each (the "Equity Shares") of Oneindig Technologies Limited ("Oneindig" or "The Company" or "The Issuer") for cash at a price of Rs. 96 per equity share including a share premium of Rs. 86 per equity share (the "Issue Price") aggregating to Rs.27.65 Crores ("The Issue") of which 1,44,000 equity shares aggregating to Rs. 1.38 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 27,36,000 equity shares aggregating to Rs. 26.27 Crores (the "Net Issue"). The issue and the net issue will constitute 26.36% and 25.04% respectively of the post issue paid-up equity share capital of the company.
Price Band: Rs. 96/- per equity share of face value Rs. 10/- each.
The floor price is 9.6 times of the face value of the equity shares.
Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.