Oneindig Technologies IPO GMP today is TBA. Investors can use this GMP along with price band and subscription status for a better IPO review.
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SME IPO
ONEINDIG
Oneindig Technologies
Oneindig Technologies Limited is an engineering, procurement, and commissioning (EPC) company operating in the solar energy sector. It provides complete turnkey solar power solutions, including design, supply, and installation, along with associated operations and maintenance (O&M) services. The company undertakes diverse solar projects such as residential, commercial, and industrial (C&I) rooftop installations, ground-mounted projects, and solar water pumps for both private clients and government entities across various states in India. Its revenue is generated through these EPC services and the supply of a wide range of solar products, including photovoltaic modules, inverters, and solar water pumps. The company operates on both a capital expenditure (CAPEX) model, where the client invests in the asset, and a Renewable Energy Service Company (RESCO) model, where it owns the solar asset and sells power to the consumer, generating annuity income.
IPO Details
Complete IPO information
| Current GMP | - |
|---|---|
| Estimated Listing Gain | TBA |
| Price Band | ₹91.00 - ₹96.00 |
| Issue Price | ₹96.00 |
| Listing Price | TBA |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Issue Size | Approx ₹27.65 Cr |
| Registrar | TBA |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 06 Aug 2026 |
| Minimum Investment | ₹2,30,400 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
30 Jul 2026
02
Bidding Closes
03 Aug 2026
03
Allotment
04 Aug 2026
04
Listing
06 Aug 2026
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,30,400 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,30,400 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹3,45,600 |
| S-HNI Maximum | 8 Lot | 9,600 | ₹9,21,600 |
| B-HNI Minimum | 9 Lot | 10,800 | ₹10,36,800 |
Issue Notes
Important takeaways before applying
Strengths
- Established EPC player with a strong track record across 14+ states.
- Efficient co-development business model providing turnkey solutions.
- Proven technical capabilities for executing projects in challenging conditions.
- Strong revenue visibility supported by a robust order book of ₹14,859.19 lakhs.
- Predictable revenue from long-term O&M and RESCO annuity models.
Risks
- Business is working capital intensive, requiring substantial financing.
- Dependence on the top 10 customers, who contributed 97.25% of revenue.
- Procurement dependence on the top 10 suppliers, who constituted 86.01% of purchases.
- The company’s brand name “Oneindig” is owned by a Promoter Group company.
- Inability to protect or use its intellectual property rights, including key logos.
Analysis
Oneindig Technologies IPO Details
Oneindig Technologies Limited is launching its Initial Public Offering (IPO) through the Book Built Issue route. The issue consists entirely of a Fresh Issue, and the company aims to raise capital to support its future growth plans, strengthen its financial position, and meet the objectives outlined in its offer documents.
The equity shares of Oneindig Technologies Limited are proposed to be listed on the BSE SME platform. Investors can bid for the IPO during the subscription period within the announced price band.
| Particular | Details |
|---|---|
| IPO Open Date | July 30, 2026 |
| IPO Close Date | August 3, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹91 to ₹96 Per Share |
| Issue Size | Approx ₹27.65 Crores |
| Fresh Issue | Approx ₹27.65 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
Analysis
Oneindig Technologies IPO Reservation
The Oneindig Technologies IPO follows the SEBI-prescribed allocation framework for a Book Built Issue. The issue is reserved across various investor categories, including Anchor Investors, Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs), ensuring balanced participation from institutional as well as retail investors.
The category-wise reservation and the number of shares allocated to each investor segment are provided below.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | 8,16,000 Shares | 28.33% |
| QIB (Ex. Anchor) | 5,46,000 Shares | 18.96% |
| NII Shares Offered | 4,14,000 Shares | 14.37% |
| Retail Shares Offered | 9,60,000 Shares | 33.33% |
Note: The above reservation is based on the proposed IPO structure. The final allocation may be subject to adjustments in accordance with SEBI regulations and the final issue size.
Analysis
Oneindig Technologies IPO Anchor Investors
The Oneindig Technologies IPO has scheduled its Anchor Investor bidding for July 29, 2026, one working day before the public issue opens. The anchor portion is reserved for Qualified Institutional Buyers (QIBs) and is intended to attract participation from reputed institutional investors ahead of the IPO subscription period.
After the completion of the anchor book allocation, the company will announce the list of anchor investors, the total amount raised, and the allocation details. The allotted shares will remain subject to the mandatory lock-in period prescribed under SEBI regulations.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 29, 2026 |
| Anchor Investors List | |
| Shares Offered | 8,16,000 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The final Anchor Investor list, total anchor issue size, and exact lock-in end dates will be updated after the completion of the anchor allocation process and the official announcement by the company.
Analysis
Oneindig Technologies IPO Dates
The Oneindig Technologies IPO will open for subscription on July 30, 2026 and close on August 3, 2026. During this period, eligible investors can submit their IPO applications through the ASBA process or supported online trading platforms.
The basis of allotment is expected to be finalised on August 4, 2026. Refunds for unsuccessful applicants and the credit of equity shares to successful investors' demat accounts are scheduled for August 5, 2026. The company's shares are proposed to be listed on the BSE SME platform on August 6, 2026.
| Event | Date |
|---|---|
| IPO Open Date | July 30, 2026 |
| IPO Close Date | August 3, 2026 |
| Basis of Allotment | August 4, 2026 |
| Refunds | August 5, 2026 |
| Credit to Demat Account | August 5, 2026 |
| IPO Listing Date | August 6, 2026 |
Note: The above IPO schedule is based on the announced timeline. The company, registrar, or stock exchange may revise these dates if required before the completion of the IPO process.
Analysis
Oneindig Technologies IPO Promoters and Holding Pattern
Oneindig Technologies Limited is promoted by Manoj Agarwal and Seema Agarwal. The promoters have been instrumental in establishing and expanding the company's business operations and continue to play an important role in its strategic direction and long-term growth.
Before the IPO, the promoter group holds a majority stake in the company. Following the fresh issue of equity shares, the promoter shareholding will be diluted, while the promoters are expected to continue holding a significant ownership interest in the company after the public issue.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 80,44,160 | 51.33% |
| Promoter Holding Post Issue | 1,09,24,160 | 37.80% |
Note: The promoter holding shown above is based on the proposed share capital before and after the IPO. The final post-issue shareholding will be reflected in the company's listing documents after allotment.
Analysis
Oneindig Technologies IPO Objects of the Issue & Utilisation of Proceeds
Oneindig Technologies Limited intends to utilise the net proceeds from its Initial Public Offering primarily to strengthen its working capital position. The additional capital will support the company's day-to-day business operations, improve operational efficiency, and provide the financial flexibility required to support future business growth.
Apart from funding working capital requirements, a portion of the proceeds, if applicable, will be utilised for general corporate purposes in accordance with the objectives stated in the company's offer document.
| Purpose | Amount |
|---|---|
| To meet working capital requirements | ₹20.00 Crores |
| General Corporate Purpose | ₹- |
Note: The utilisation of IPO proceeds is based on the objects stated in the Red Herring Prospectus (RHP). The company may allocate the funds in accordance with applicable SEBI regulations and the approved issue objectives.
Analysis
Oneindig Technologies About IPO
Since its establishment in November 2016, Oneindig Technologies has been a renewable energy company that offers Engineering, Procurement, and Commissioning (EPC) services for solar power projects. The firm provides complete solar solutions, including residential and commercial rooftop installations, ground-mounted solar projects, solar water pumps, maintenance services, and electricity generation through long-term Power Purchase Agreements (PPAs).
The firm also sells a diverse range of products: solar PV modules, inverters, batteries, energy storage systems, mounting structures, solar pumps, controllers, and related electrical equipment. So far, Oneindig Technologies has completed its solar projects in Delhi, Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, Punjab, Uttarakhand, Telangana, Arunachal Pradesh, Odisha, Jammu & Kashmir, and West Bengal. Moreover, the firm has completed 17 solar power projects and 500 solar water pumps under government schemes like PM-KUSUM and PM Surya Ghar Muft Bijli Yojana.
Analysis
Oneindig Technologies IPO Company Financial Report
Oneindig Technologies Limited has reported healthy growth in its financial performance during the reported periods. The company witnessed an increase in revenue, profitability, and total assets, indicating business expansion and improved operational performance. The latest available financial results up to January 2026 reflect continued momentum in operations ahead of the proposed IPO.
The financial information below provides an overview of the company's revenue, expenses, profit after tax (PAT), and total assets. Investors can use these figures to evaluate the company's historical financial performance and overall financial position before investing in the IPO.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2025 | ₹46.14 Cr. | ₹40.57 Cr. | ₹4.17 Cr. | ₹35.53 Cr. |
| January 2026 | ₹57.56 Cr. | ₹49.35 Cr. | ₹6.16 Cr. | ₹88.99 Cr. |
Amount in ₹ Crores: The above financial figures are based on the latest financial information disclosed by Oneindig Technologies Limited in its IPO documents and are intended to provide investors with a snapshot of the company's financial performance prior to the public issue.
Analysis
Oneindig Technologies IPO Valuation – FY2025
The valuation metrics of Oneindig Technologies Limited provide investors with key insights into the company's profitability, financial strength, and operational efficiency before the IPO. Important indicators such as Earnings Per Share (EPS), EBITDA Margin, Return on Equity (ROE), Return on Capital Employed (ROCE), Return on Net Worth (RoNW), Debt-to-Equity Ratio, and Net Asset Value (NAV) help investors assess the company's financial performance and valuation.
Based on the FY2025 financials, the company reported healthy returns on equity and capital employed, reflecting efficient utilisation of shareholders' funds and business capital. The final Price-to-Earnings (P/E) ratio will be available after the IPO price is finalised.
| KPI | Values |
|---|---|
| ROE | 37.58% |
| ROCE | 30.31% |
| EBITDA Margin | 14.92% |
| PAT Margin | -% |
| Debt to Equity Ratio | 0.47 |
| Earning Per Share (EPS) | ₹5.22 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 37.58% |
| Net Asset Value (NAV) | ₹18.40 |
Note: The above valuation figures are based on the FY2025 financial statements of Oneindig Technologies Limited. The final P/E ratio will be determined after the IPO price is fixed and the post-issue earnings per share are calculated.
Analysis
Oneindig Technologies IPO Peer Group Comparison
A peer group comparison helps investors evaluate Oneindig Technologies Limited against other listed companies operating in the renewable energy, solar engineering, and EPC sectors. Comparing key financial indicators such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and total income provides useful insights into the company's relative financial performance and valuation.
The following companies are considered comparable peers based on their business operations. Investors should review these metrics alongside Oneindig Technologies' growth prospects, profitability, order book, and overall business fundamentals before making an investment decision.
| Company | EPS | P/E Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Zodiac Energy Limited | 13.28 | – | 27.71% | – | ₹407.78 Cr. |
| Solarium Green Energy Limited | 11.65 | – | 22.95% | – | ₹230.08 Cr. |
| Ganesh Green Bharat Limited | 13.14 | – | 23.04% | – | ₹318.01 Cr. |
Note: The above peer comparison is provided for informational purposes only. Investors should evaluate financial ratios, operational performance, competitive positioning, and future growth potential in addition to peer data before investing in the Oneindig Technologies IPO.
Analysis
IPO Lead Managers aka Merchant Bankers
- Share India Capital Services Pvt. Ltd.
FAQ
Oneindig Technologies IPO FAQs
Oneindig Technologies IPO price band is Rs 91.00 to Rs 96.00. Check the latest issue price, lot size and GMP together before applying.
Oneindig Technologies IPO open date is 30 Jul 2026, close date is 03 Aug 2026, and listing date is 06 Aug 2026.
Oneindig Technologies IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,30,400.
Oneindig Technologies is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Oneindig Technologies IPO subscription status currently shows Subscription data is currently awaited.
Oneindig Technologies Limited is an engineering, procurement, and commissioning (EPC) company operating in the solar energy sector. It provides complete turnkey solar power solutions, including design, supply, and installation, along with associated operations and maintenance (O&M) services. The company undertakes diverse solar projects such as residential, commercial, and industrial (C&I) rooftop installations, ground-mounted projects, and solar water pumps for both private clients and government entities across various states in India. Its revenue is generated through these EPC services and the supply of a wide range of solar products, including photovoltaic modules, inverters, and solar water pumps. The company operates on both a capital expenditure (CAPEX) model, where the client invests in the asset, and a Renewable Energy Service Company (RESCO) model, where it owns the solar asset and sells power to the consumer, generating annuity income.
Oneindig Technologies IPO issue size is 27.65 and the expected allotment date is 04 Aug 2026.