Updation in progress
Valuation
Market Cap
₹104.87 Cr
P/E Ratio
18.39x
P/B Ratio
5.22x
Oneindig IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Business Overview
Oneindig Technologies Limited, incorporated in 2016 and headquartered in Faridabad, Haryana, is engaged in Engineering, Procurement and Commissioning (EPC) services in the solar energy sector, offering complete turnkey solar power solutions and Operations & Maintenance services. The Company undertakes residential rooftop, commercial & industrial rooftop, and ground-mounted solar projects for private clients and Government entities, and supplies solar PV modules, inverters, pump controllers, batteries and allied equipment. It also operates as an Independent Power Producer through Power Purchase Agreements. With an aggregate operational capacity of 58.40 MW across 14+ Indian states including Delhi, Haryana and Uttar Pradesh, the Company has commissioned 17 ground-mounted projects and 500+ solar water pumps to date.
Lots & IPO Size
Oneindig IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 2,400 | ₹2,30,400 |
| Ind (Max) | 2 | 2,400 | ₹2,30,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,45,600 |
| S-HNI (Max) | 8 | 9,600 | ₹9,21,600 |
| B-HNI (Min) | 9 | 10,800 | ₹10,36,800 |
Market Maker
₹1.44 L
Employee
₹0.00
Shareholder
₹0.00
Oneindig IPO Size
Total
₹28 Cr
Fresh Issue
₹28 Cr
(0.29 Cr
Shares)
Offer For Sale
₹0
(0.00
Shares)
Objects of the Issue
To Meet Working Capital Requirements
General Corporate Purposes & Issue Expenses
Total
Key Risk Factors
The Company's business is working capital intensive and requires substantial financing; any inability to meet working capital requirements may adversely affect operations and profitability.
Key Risk Factors
The Company's business is working capital intensive and requires substantial financing; any inability to meet working capital requirements may adversely affect operations and profitability.
Frequent changes in the Company's Auditors over the past three years could adversely affect the reliability and continuity of its financial reporting.
Potential risks and uncertainties are associated with future development of the Company's renewable power projects on agricultural land.
The Company has experienced certain delays in reporting statutory dues; further delays may attract financial penalties and adversely impact its financial condition and cash flows.
The Company depends on its top 10 off-takers, who contributed 97.25%, 96.76%, 88.01% and 69.38% of revenue in the stub period, FY25, FY24 and FY23; loss of any off-taker could hurt the business.
The Company sourced 86.01%, 99.49%, 93.46% and 81.50% of purchases from its top 10 suppliers in the stub period, FY25, FY24 and FY23, without definitive supply agreements, risking interruptions.
The Company has quantifiable contingent liabilities and commitments of Rs 603.55 Lakhs (stub period); its financial condition could be adversely affected if these materialize.
The Company, its Promoters and Directors are parties to certain legal proceedings; an adverse decision could materially affect the business, results of operations and financial condition.
The Company has experienced negative operating cash flows in the past, including in the stub period and FY23; future negative cash flows could adversely affect its results of operations.
The Company's subsidiaries — Ziya Solar Energies Three, Ziya Solar Energies Four, and Oneindig Jodhpur Solar — operate in the same line of business, creating potential overlap.
Oneindig IPO Details Live GMP
GMP
₹0
Est. Price
₹96
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 27 Jul | ₹0 (0%) | ₹96 |
Oneindig IPO Peer Comparison
(Rs. in crores)
| Particulars | Oneindig Tech | Zodiac Energy | Solarium Green | Ganesh Green |
|---|---|---|---|---|
| Revenue | 46.01 | 407.78 | 230.08 | 318.01 |
| PAT | 4.17 | 19.97 | 18.59 | 30.22 |
| EPS (₹) | 5.22 | 13.28 | 11.65 | 13.14 |
| RONW | 37.58% | 27.71% | 22.95% | 23.04% |
| EBITDA | 14.92% | 9.08% | 11.26% | 15.88% |
| PAT Mrgn | 9.05% | 4.90% | 8.08% | 9.50% |
All information pertains to FY 2025-26.
Oneindig IPO Financial Performance
(Rs. in crores)
| Particulars | Jan-26 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 57.46 | 46.01 | 43.64 | 19.32 |
| PAT | 6.16 | 4.17 | 2.95 | 0.11 |
| Net Worth | 20.65 | 14.68 | 7.49 | 2.74 |
| Borrowings | 50.77 | 6.96 | 8.08 | 7.45 |
| Assets | 88.99 | 35.53 | 27.15 | 13.64 |
| NAV (₹) | 25.67 | 18.40 | 23.24 | 21.30 |
| EPS (₹) | 7.66 | 5.22 | 9.16 | 0.84 |
Key Performance Indicators (KPIs)
EBITDA
14.92%
PAT
9.05%
ROE
37.58%
ROE
30.31%
Oneindig IPO Financial Statements
(Rs. in crores)
| Particulars | Jan-26 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue from Ops | 57.46 | 46.01 | 43.64 | 19.32 |
| Other Income | 0.09 | 0.12 | 0.06 | 0.00 |
| Total Income | 57.56 | 46.14 | 43.70 | 19.32 |
| Cost of Revenue | 38.08 | 40.93 | 36.95 | 16.49 |
| Changes in Inventories | 2.17 | -5.67 | -1.57 | -1.22 |
| Employee Expense | 1.73 | 1.34 | 0.99 | 1.39 |
| Finance Costs | 2.42 | 1.23 | 1.08 | 1.12 |
| Depreciation | 0.18 | 0.20 | 0.17 | 0.12 |
| Other Expenses | 4.77 | 2.54 | 1.97 | 1.28 |
| Total Expenses | 49.35 | 40.57 | 39.59 | 19.17 |
| Profit Before Tax | 8.21 | 5.57 | 4.10 | 0.15 |
| Tax Expense | 2.04 | 1.40 | 1.15 | 0.04 |
| Profit After Tax | 6.16 | 4.17 | 2.95 | 0.11 |
| EPS — Basic (₹) | 7.66 | 5.22 | 9.16 | 0.84 |
| EPS — Diluted (₹) | 7.66 | 5.22 | 9.16 | 0.84 |
| Particulars | Jan-26 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Equity Share Capital | 8.04 | 8.04 | 4.54 | 2.00 |
| Reserves & Surplus | 12.81 | 6.65 | 2.95 | 0.74 |
| Total Equity | 20.86 | 14.69 | 7.49 | 2.74 |
| Total Borrowings | 50.77 | 6.96 | 8.08 | 7.45 |
| Trade Payables | 14.07 | 10.47 | 8.48 | 2.21 |
| Other Liabilities | 3.28 | 3.40 | 3.11 | 1.26 |
| Total Equity & Liab | 88.99 | 35.53 | 27.15 | 13.66 |
| Fixed Assets | 23.76 | 1.61 | 1.65 | 1.39 |
| Inventories | 11.80 | 13.97 | 8.30 | 6.73 |
| Oth Non-Current Assets | 7.41 | 2.90 | 1.01 | 0.29 |
| Short-Term Loans | 4.79 | 2.25 | 3.05 | 1.13 |
| Trade Receivables | 38.37 | 11.13 | 8.29 | 2.49 |
| Cash & Bank Bal | 1.86 | 1.44 | 2.86 | 0.90 |
| Other Assets | 1.01 | 2.24 | 1.98 | 0.71 |
| Total Assets | 88.99 | 35.54 | 27.15 | 13.64 |
| Particulars | Jan-26 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Cash Flow from Operating Activities | -14.70 | -0.30 | 1.01 | -3.80 |
| Cash Flow from Investing Activities | -26.79 | -2.63 | -0.30 | -1.47 |
| Cash Flow from Financing Activities | 41.58 | 0.67 | 1.43 | 5.69 |
| Net Change in Cash & Equivalents | 0.09 | -2.25 | 2.15 | 0.42 |
| Cash & Equivalents at End of Period | 0.55 | 0.43 | 2.68 | 0.54 |
Promoter Holding
Promoter
51.33%
Public
48.67%
Manoj Agrawal
31.81%
Seema Agrawal
9.95%
MAT Commercials Linkages Pvt Ltd
9.57%
Management
Manoj Agrawal
Age: 56
MD
Remuneration
₹Rs 21.59 Lakhs p.a. (paid as on Jan 31, 2026); Rs 20.98 Lakhs for FY 2024-25
Education
B.Sc (Physics), University of Bombay; FCS (ICSI); LLB
Prior Experience
25+ years in Government & Private sectors; Founder and first Director of the Company since 2016.
Seema Agrawal
Age: 54
WTD
Remuneration
₹Rs 16.07 Lakhs p.a. (paid as on Jan 31, 2026); Rs 15.86 Lakhs for FY 2024-25
Education
M.A. (Economics), Banaras Hindu University
Prior Experience
8+ years of experience in the solar industry; contributes to strategic decision-making.
Shubham Agarwal
CFO
Remuneration
₹Rs 12.50 Lakhs p.a. (paid as on Jan 31, 2026); Rs 9.08 Lakhs for FY 2024-25
Education
Chartered Accountant (ACA, ICAI, since 2022)
Prior Experience
2+ years across accounting, taxation & financial research; previously at Rajdarbar Buildcon Pvt Ltd.
Registrar & Lead Managers
Registrar
Maashitla Securities
Lead Managers (1)
Company Details
Name: Oneindig Technologies Limited
Address: V-503, Atrium, VIVANTA by Taj Hotel Complex, Shooting Range Road, Suraj Kund, Faridabad-121009, Haryana, India
Number: +91-9810484146
Email: info@oneindig.tech
Website: https://oneindig.tech
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Frequently Asked Questions (FAQs)
What is Oneindig IPO?
Oneindig IPO is a SME IPO having an issue size of
₹28 Crs.
Oneindig IPO is priced at
₹91 - ₹96 per
share.
The
issue opens on 30 Jul 26
and
closes on 03 Aug 26.
When will Oneindig IPO open?
Oneindig IPO opens on
30 Jul 26 and closes on
03 Aug 26.
What is the GMP of Oneindig IPO?
The estimated Grey Market Premium of Oneindig IPO is
₹0 per share (0.00%).
What is the lot size of Oneindig IPO?
The minimum lot size of Oneindig IPO is
1200 shares & the minimum application amount
is
Rs.
115200.
When is the allotment of Oneindig IPO?
The allotment date of Oneindig IPO is
04 Aug 26.
What is the listing date of Oneindig IPO?
The listing date of Oneindig IPO is
06 Aug 26.
What is the subscription of Oneindig IPO?
Oneindig IPO is subscribed
-.
What is the price band of Oneindig IPO?
Oneindig IPO is priced at
₹91 - ₹96 per
share.
How to check allotment status of Oneindig IPO?
Click the allotment link on Oneindig IPO page of IPO360.
How to apply Oneindig IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Oneindig IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Oneindig IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Oneindig IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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