Oneindig TechnologiesIPO Review — Financials, Valuation & Peers
A data-only look at the Oneindig Technologies IPO: restated financials, valuation ratios, the RHP peer group and third-party analyst views. ipostation does not rate IPOs — nothing here is a recommendation.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2025 | 46.14 | 4.17 | 6.87 | 14.68 | 35.53 | 6.96 | — |
| Jan 2026 (interim) | 57.56 | 6.16 | 10.52 | 20.65 | 88.99 | 50.77 | 5.18 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- P/E (pre-issue)
- 18.53x
- P/E (post-issue)
- 14.18x
- RoNW
- 34.89%
- RoE
- 34.89%
- RoCE
- 14.71%
- EPS (pre-issue)
- ₹5.18
- EPS (post-issue)
- ₹6.77
- EBITDA Margin
- 18.31%
- P/BV
- 3.74x
- NAV / share
- ₹25.67
- Market Cap
- ₹104.87 Cr
As of 31 Jan 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | Statements |
|---|---|---|---|---|---|
| Oneindig Technologies | 5.22 | — | — | 37.58% | Consolidated |
| Ganesh Green Bharat Limited | 13.14 | — | — | 23.04% | Consolidated |
| Solarium Green Energy Limited | 11.65 | — | — | 22.95% | Consolidated |
| Zodiac Energy Limited | 13.28 | — | — | 27.71% | Consolidated |
Peer group as disclosed in the offer document, figures as of 31 Mar 2025. The issuer’s P/E is computed at the upper price band.
Promoters & Shareholding
Promoters: <p>Manoj Agarwal, Seema Agarwal</p>
- Holding (pre-issue)
- 51.33%
- Holding (post-issue)
- 37.8%
- Dilution
- 13.53%
Analysis in brief
Anchor book
The anchor round of the Oneindig Technologies IPO drew 3 institutional investors committing a combined ₹7.83 crore. Anchor investors are institutions allotted shares at the issue price a day before bidding opens, in exchange for a mandatory post-listing lock-in — their names and cheque sizes are disclosed, which is why the anchor book is read as an institutional signal. The largest allocations went to LRSD SECURITIES PVT.LTD. (₹3.89 crore), RADIANT GLOBAL FUND-CLASS B PARTICIPATING SHARES (₹1.97 crore) and LONGTHRIVE CAPITAL VCC-TRENDVIEW CAPITAL FUND (₹1.97 crore). Investor categories represented include Other and FII/FPI. The lock-in on half the anchor shares ends on 3 Sept 2026, with the remainder locked until 2 Nov 2026.
Margin and return profile
Away from the price multiples, the offer document also discloses the shape of the underlying business. Oneindig Technologies operates at an EBITDA margin of 18.31%. Capital efficiency reads at a return on capital employed (RoCE) of 14.71% and a return on equity (RoE) of 34.89%. At the upper band, the post-issue market capitalisation works out to about ₹104.87 crore. These are offer-document figures for the latest reported period (as of 31 Jan 2026); they describe the business as disclosed, not how the stock will trade.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward to meet working capital requirements (₹20 crore), alongside general corporate purposes (₹3.99 crore). In all, 3 objects are disclosed.
Financials
In FY2026, Oneindig Technologies reported revenue of ₹57.56 crore and a net profit of ₹6.16 crore. Revenue grew from ₹46.14 crore in FY2025 to ₹57.56 crore in FY2026 (+25.0%). Net worth stood at ₹20.65 crore at the end of FY2026. At the upper band, that puts the issue at roughly 18.5× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 14.18× post-issue earnings and 3.74× book value, against a return on net worth of 34.89%. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Manoj Agarwal, Seema Agarwal</p>. Promoter holding stands at 51.33% before the issue and comes down to 37.8% after listing.
Frequently asked questions
- What is the reservation split in the Oneindig Technologies IPO?
- Of the total shares offered, retail investors get 35.09%, QIBs 19.96% (plus 29.82% anchor), non-institutional investors 15.13%.
- Who are the promoters of Oneindig Technologies and what is their holding?
- The promoters are <p>Manoj Agarwal, Seema Agarwal</p>. Promoter holding is 51.33% before the issue and 37.8% after listing.
- What is the P/E ratio of the Oneindig Technologies IPO?
- At the upper price band, the Oneindig Technologies IPO is valued at 18.53× pre-issue earnings and 14.18× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Oneindig Technologies IPO?
- The net proceeds go primarily toward to meet working capital requirements, among 3 disclosed objects.