Oneindig Technologies IPO

Oneindig Technologies IPO closed on 3 Aug 2026. Allotment 4 Aug 2026, listing 6 Aug 2026. Price band ₹91–₹96, lot 1200 shares, GMP +₹7 (7.29%). Track allotment on Allotly.

About 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…

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.

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