Oneindig Technologies Ltd IPO

Established EPC player, well positioned to capitalize in a 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.

The companys business is working capital intensive and requires substantial financing for its business operations. Anyinability to meet the company working capital requirements or arrange necessary financing in a timely and cost-effectivemanner may adversely affect its operations and profitability.

Frequent Changes in Auditors Could Adversely Affect the Reliability and Continuity of the company Financial Reporting.

Potential risks and uncertainties associated with future development of renewable power projects on agriculturalland.

There are certain delays in reporting of statutory dues by the company. Any further such delays may attract financial penaltiesfrom the respective government authorities and in turn may have a material adverse impact on its financial conditionand cash flows.

The companys business is dependent on top 10 off-takers for the year, which have contributed 97.25%, 96.76%, 88.01%, 69.38%of its revenue from operations during the Period ended January 31, 2026 and Financial Year ended 2025, 2024 and2023, respectively. The loss of any of these off-takers could have an adverse effect on the companys business, financial condition,results of operations and cash flows. However, the top 10 customers vary year on year subject to longevity of thecontract with the Company.

The company procured 86.01%, 99.49%, 93.46%, 81.50% of its total purchases during the period ended January 31, 2026 andFinancial Year ended 2025, 2024 and 2023, respectively from top 10 of the company suppliers. Further, its does not havedefinitive supply agreements with the company vendors for the supply of components and any interruptions in supply couldadversely affect its business, financial condition, results of operations and cash flows.

The company has Quantifiable contingent liabilities and commitments, and its financial condition could be adverselyaffected if these contingent liabilities or commitments materialize.

The Company, Promoter and Directors are parties to certain legal proceedings. Any adverse decision in suchproceedings may have a material adverse effect on its business, results of operations and financial condition.

The company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in thefuture could adversely affect its results of operations and financial conditions.

Its Subsidiaries are involved in a business which is of same line of business/unit as that of the Company.