ONEINDIG TECHNOLOGIES LIMITED IPO
Registrar: MAASHITLA SECURITIES PRIVATE LIMITED · Lead: SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED · Listing on BSE
IPO Lot Size
1200 shares / lot · ₹96 upper bandInvestors can bid for a minimum of 1200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,30,400 |
| Retail (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 |
About the company
Oneindig Technologies Limited was incorporated on November 02, 2016, and later converted to a Public Limited Company on June 29, 2024. The Company is engaged in providing Engineering, Procurement, and Commissioning (EPC) services in the solar energy sector, offering complete turnkey solar power solutions and associated Operations and Maintenance (O&M) services.
Oneindig Technologies undertakes diverse solar projects, including residential rooftop, commercial & industrial (C&I) rooftop, ground-mounted projects, and solar water pumps for private clients and Government entities. They also supply a wide range of solar products and equipment, such as Solar PV Modules, inverters, pump controllers, and energy storage systems. The company has successfully executed 17 major ground-mounted projects and installed over 500 solar water pumps across various Indian states, with a focus on renewable energy development.
Objectives of the issue
- To meet working capital requirements
- General corporate purposes
Key strengths
- Established EPC player in the 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
- Proven technical capabilities even in challenging conditions
- Diversified business portfolio including rooftop, ground-mounted, and solar pumps projects
Key risks
- Working capital intensive business requiring substantial financing
- Frequent changes in auditors affecting financial reporting reliability
- Delays in reporting statutory dues may attract financial penalties
- High dependence on a limited number of top customers for revenue
- High dependence on a limited number of suppliers with no definitive agreements
- Quantifiable contingent liabilities could adversely affect financial condition
- Legal proceedings against the Company, Promoters, and Directors may have an adverse impact
- Brand name not owned by the Company, posing risks to its business and goodwill
- Inability to obtain, renew, or maintain statutory and regulatory licenses, permits and approvals
- Equity Shares have never been publicly traded, leading to potential price and volume fluctuations