Oneindig Technologies, a solar project solutions provider, will launch its ₹27.6 crore IPO on July 30. The SME issue aims to fund working capital requirements as the company expands its solar EPC services. Trading is expected to commence on the BSE SME platform on August 6.
Detailed Coverage
Oneindig Technologies is entering the primary market with its Initial Public Offering (IPO) scheduled to open on July 30. The company, which specializes in solar project solutions, has set a price band of ₹91 to ₹96 per share. Through this public issue, the firm aims to raise approximately ₹27.6 crore by offering 28.8 lakh fresh equity shares. The offering will be listed on the BSE SME platform, which is designed for small and medium-sized enterprises.
Use of Funds and Operational Focus
The company plans to use the majority of the proceeds, amounting to ₹20 crore, to strengthen its working capital. The remaining funds are earmarked for general corporate purposes. By reinforcing its working capital, the company aims to support its ongoing operations and projects within the solar engineering, procurement, and construction (EPC) space. Beyond EPC services, Oneindig Technologies also provides operations and maintenance support and acts as a supplier for components such as photovoltaic modules, inverters, and electrical wiring.
Financial Performance and Order Book
For the ten-month period ending January 2026, the company reported a consolidated profit of ₹6.16 crore on revenues of ₹57.46 crore. This performance follows the fiscal year ended March 2025, where the company recorded a profit of ₹4.16 crore on revenues of ₹46.01 crore. As of January 2026, the company’s order book stood at ₹148.6 crore. Investors may note that most of these orders are scheduled for execution throughout the remainder of FY27 and up to September 2027. The ability to convert this order book into actual revenue will depend on the successful execution of these projects without significant cost overruns or delays.
IPO Timeline and Process
Qualified institutional investors can participate in the anchor book session, which is scheduled for July 29. The main subscription window for the public will remain open until August 3. Following the closure of the issue, the company expects to finalize the share allotment by August 4. If the process remains on track, the stock is expected to start trading on the BSE SME platform on August 6. Share India Capital Services is acting as the book-running lead manager for the offering. Investors tracking this IPO should watch for updates regarding subscription levels and any changes to the expected listing timeline. As an SME-platform listing, liquidity in the stock may differ from companies listed on the main board, which is a factor for investors to consider.