₹249.87 Crores | Listing at BSE | Thu, Feb 26, 2026 - Fri, Mar 6, 2026
Onix Solar Energy Ltd Rights Issue comprises 0.4576 Cr equity shares aggregating to ₹249.87 Cr, offered at an issue price of ₹546 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Feb 18, 2026, with the Rights Issue being offered in the entitlement ratio of 23 : 103.
The term of payment is defined as following : The entire amount of Rs 546 is payable on the application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 9, 2026.
The Rights Issue opens on Feb 26, 2026, and closes on Mar 6, 2026, with renunciation of Rights Entitlements permitted up to Mar 2, 2026.
The deemed date of allotment is Mar 9, 2026, following which the equity shares are expected to be credited to demat accounts on Mar 10, 2026 and listed at the BSE on Mar 11, 2026.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Onix Solar Energy Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Feb 18, 2026
Entitlement Ratio
23 : 103
Open Date
Thu, Feb 26, 2026
Close Date
Fri, Mar 6, 2026
The entire amount of Rs 546 is payable on the application.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets | 39.38 | 4.03 |
| Total Income | 29.81 | 0.02 |
| Profit After Tax | 1.45 | 0.21 |
| Reserves and Surplus | 3.44 | 1.98 |
| Amount in ₹ Crore | ||
Onix Solar Energy is a renewable energy company specializing in the design, installation, and maintenance of high-efficiency solar power systems for residential, commercial, and industrial clients. The company is committed to delivering sustainable, cost-effective energy solutions that reduce carbon footprints and lower electricity costs.
With a focus on innovation and quality, Onix Solar Energy provides customized solar panel installations, battery storage solutions, and energy management systems tailored to meet the unique energy needs of each client. The company partners with leading solar technology manufacturers to ensure durability, reliability, and maximum energy performance.
Driven by environmental responsibility and customer satisfaction, Onix Solar Energy supports the global transition to clean energy by making solar power accessible, affordable, and dependable. Through expert consultation, professional installation, and ongoing technical support, the company empowers homes and businesses to achieve energy independence and long-term savings.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | For meeting the Working Capital Requirements | 1,25,00,000.00 |
| 2 | Capital expenditure requirements towards Purchase of Machineries | 36,00,000.00 |
| 3 | Investment in NOPL Pace Green Energy Private Limited | 50,00,000.00 |
| 4 | General Corporate Purposes | 38.50 |
[Dilip Davda] OSEL is engaged in trading and distribution of solar modules. It has plans to enter solar asset development segment. The counter is not having regular trades and posting thin volumes. Based on its recent financial data, the issue is exorbitantly priced. The promoters have exited fully and has no holding at present. The segment has turned overcrowded. Just stay away from this dicey and risky bet. Read detail review...
Onix Solar Energy Rights Issue Feb 2026 got oversubscribed by 1.5 times by the end of the bidding period with total bid quantity received by BSE of 68,86,704 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Mar 06 2026 17:00:00 | 68,86,704 | 1.50x |
Onix Solar Energy Ltd
A-204, 2nd Floor, Rustomjee Central Park,
Andheri Kurla Road Chakala,
Nr. Fuda Cancer Hospital, Andheri East,
Mumbai, 400093
The Onix Solar Energy Rights Issue Feb 2026 opens on Thu, Feb 26, 2026, and closes on Fri, Mar 6, 2026.
Onix Solar Energy Rights Issue Feb 2026 Schedule
| Last Date for credit of Rights Entitlements | Thu, Feb 19, 2026 |
| Last Date for renunciation of Rights Entitlements | Mon, Mar 2, 2026 |
| Issue Opening Date | Thu, Feb 26, 2026 |
| Issue Closing Date | Fri, Mar 6, 2026 |
| Date of Allotment (on or about) | Mon, Mar 9, 2026 |
| Date of Credit (on or about) | Tue, Mar 10, 2026 |
| Date of Listing (on or about) | Wed, Mar 11, 2026 |
You can apply for Onix Solar Energy Rights Issue Feb 2026 in two ways:
Steps to apply for Onix Solar Energy Rights Issue Feb 2026 using Net Banking (ASBA)
Steps to apply for Onix Solar Energy Rights Issue Feb 2026 using Registrar's website (R-WAP)
