New Delhi-based solar project solutions provider Oneindig Technologies is set to open its maiden public issue for subscription on July 30, 2026. According to reports from Moneycontrol, the price band for the book-built issue has been fixed at ₹91-96 per share. The company aims to raise ₹27.65 crore through an initial share sale of 29.76 lakh shares at the upper end of the price band. The IPO comprises an entirely fresh issue, with the one-day anchor book opening on July 29 and the public issue closing on August 3, 2026. The minimum investment requirement stands at ₹2.30 lakh for retail investors, with a lot size of 4,800 equity shares.
As reported by Moneycontrol, Oneindig Technologies provides engineering, procurement, and construction (EPC) services in the solar energy sector, including end-to-end turnkey solar power solutions and associated operations and maintenance (O&M) services. The company also supplies solar products and equipment, including solar PV modules, solar inverters, solar pump controllers, and various types of wires and cables. The majority of the IPO proceeds, amounting to ₹20 crore, will be utilised for working capital requirements, while the remaining funds will be used for general corporate purposes.
According to Moneycontrol, the company reported a consolidated profit of ₹6.16 crore on revenue of ₹57.46 crore for the 10-month period ended January 2026. In comparison, it had posted a profit of ₹4.16 crore and revenue of ₹46.01 crore for the year ended March 2025. The company had an order book worth ₹148.6 crore as of January 2026, with the majority of current orders being execution-ready and expected to be completed and billed during FY27 and by September 30, 2027.
As per Investorgain, the Oneindig Technologies IPO has been subscribed over 0.15 times on the first day of bidding on Thursday, July 30. The Individual Investors category has been booked 29% so far, while the Non-Institutional Investors (NII) segment has received 0.06 times subscription. The QIB section remains unsubscribed. The SME IPO has received 3,12,000 share bids, as compared to offered 20,64,000 shares. The grey market premium (GMP) of the IPO is currently ₹0, according to Investorgain, with the estimated listing price likely to be the same as the IPO price of ₹96.
