Incorporated in November 2016, Oneindig Technologies Limited is a renewable energy company engaged in providing Engineering, Procurement and Commissioning (EPC) services for solar power projects across India. The company offers end-to-end turnkey solar solutions, including residential, commercial & industrial (C&I) rooftop, ground-mounted solar projects, solar water pumps, Operations & Maintenance (O&M) services, and Independent Power Producer (IPP) activities through Power Purchase Agreements (PPAs).
It also supplies a wide range of solar products such as solar PV modules, inverters, batteries, energy storage systems, mounting structures, solar pumps, controllers, and related electrical equipment.
The company has executed solar projects across multiple states, including Delhi, Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, Punjab, Uttarakhand, Telangana, Arunachal Pradesh, Odisha, Jammu & Kashmir, and West Bengal. As of the DRHP date, it has an operational solar project capacity of 58.40 MW, contracted projects under construction of 52.08 MW, and awarded projects under construction of 6.32 MW. Oneindig has also completed 17 major ground-mounted solar projects and installed over 500 solar water pumps under various government schemes, including PM-KUSUM and PM Surya Ghar Muft Bijli Yojana.
Led by experienced promoters and a skilled management team, the company focuses on delivering integrated renewable energy solutions through its EPC expertise, co-development model, technical capabilities, and diversified business portfolio.
As of January 31, 2026, Oneindig Technologies employed 34 professionals across operations, finance & accounts, compliance, administration, IT, design, stores, and support functions.
Strengths
| Period Ended | 31 Jan 2026 | 31 Mar 2025 |
|---|---|---|
| Assets | 88.99 | 35.53 |
| Total Income | 57.56 | 46.14 |
| Profit After Tax | 6.16 | 4.17 |
| EBITDA | 10.52 | 6.87 |
| NET Worth | 20.65 | 14.68 |
| Reserves and Surplus | 12.61 | 6.64 |
| Total Borrowing | 50.77 | 6.96 |
| Amount in ₹ Crore | ||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Leapfrog Engineering Services Ltd. | SME | ₹88.51 Cr | ₹23 | 15.19 | ₹23.10 | +0.43% | ₹22.29 |
| Safety Controls & Devices Ltd. | SME | ₹48.00 Cr | ₹80 | 12.3 | ₹78.99 | -1.26% | ₹68.00 |
| Srinibas Pradhan Constructions Ltd. | SME | ₹20.32 Cr | ₹98 | 9.15 | ₹104.40 | +6.53% | ₹134.00 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements | 20.00 |
| 2 | General Corporate Purposes | |
| Total | 20.00 |
| KPI | Jan 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 34.89% | 37.58% |
| ROCE | 14.71% | 30.31% |
| RoNW | 34.89% | 37.58% |
| EBITDA Margin | 18.31% | 14.92% |
| NAV | 25.67 | 18.40 |
| Price to Book Value | 3.74 | 5.22 |
| Valuation Matric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.18 | 6.77 |
| P/E (x) | 18.53 | 14.18 |
| IPO Date | 30 Jul to 3 Aug, 2026 |
| Listing Date | Thu, Aug 6, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹96 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,80,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 1,44,000 shares (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 27,36,000 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 27,36,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 80,44,160 shares |
| Share Holding Post Issue | 1,09,24,160 shares |
The promoters of the company are Manoj Agarwal and Seema Agarwal
| Share Holding Pre Issue | 51.33% |
| Share Holding Post Issue | 37.80% |
As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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