₹60.17 Crores | Listing at BSE | Mon, May 25, 2026 - Mon, Jun 1, 2026
Onix Solar Energy Rights Issue comprises 1.18 Cr equity shares aggregating to ₹60.17 Cr, offered at an issue price of ₹51 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is May 15, 2026, with the Rights Issue being offered in the entitlement ratio of 8:17.
As per the terms of payment, ₹51 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 18, 2026.
The Rights Issue opens on May 25, 2026 and closes on Jun 1, 2026.
The deemed date of allotment is Jun 2, 2026, following which the equity shares are expected to be credited to demat accounts on Jun 3, 2026 and listed on the BSE on Jun 5, 2026.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Onix Solar Energy Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, May 15, 2026
Entitlement Ratio
8 : 17
Open Date
Mon, May 25, 2026
Close Date
Mon, Jun 1, 2026
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Income | 87.15 | 29.81 | 0.02 |
| Profit After Tax | 14.32 | 1.45 | 0.21 |
| NET Worth | 19.94 | 5.42 | 3.96 |
| Reserves and Surplus | 17.96 | 3.44 | 1.98 |
| Total Borrowing | 0.00 | 0.00 | |
| Amount in ₹ Crore | |||
Incorporated in 2007, Onix Solar Energy Limited is engaged in the solar energy and EPC solutions business in India. The company provides rooftop solar systems, turnkey solar EPC projects, installation, operation & maintenance services, and customized renewable energy solutions for residential, commercial, and industrial customers.
The company’s business operations include engineering, procurement, and commissioning of solar power projects along with maintenance and energy management services. It offers solar solutions tailored to customer requirements across residential, commercial, and industrial sectors.
The company primarily operates in India and serves businesses, institutions, and individual consumers across multiple sectors. Onix Solar Energy focuses on clean energy adoption through project execution, engineering capabilities, and renewable energy solutions.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in NOPL Pace Green Energy Private Limited | 58.50 |
| 2 | General Corporate Purposes | 1.17 |
| 3 | To meet Issue Expenses. | 0.50 |
| Total | 60.17 |
[Dilip Davda] This is the 2nd RI from the OSEL since February 2026. 2nd RI within 3 months raise eyebrows and suspense over its credentials. It posted bumper financial performance from FY25 onwards for the reported periods. Based on its last traded price, the RI appears lucratively priced, but irregular trade hints alarm. Only well-informed/risk seekers may park moderate funds for long term. Read detail review...
Onix Solar Energy Rights Issue May 2026 got oversubscribed by 2.58 times by the end of the bidding period with total bid quantity received by BSE of 3,04,32,599 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Jun 01 2026 17:00:00 | 3,04,32,599 | 2.58x |
Onix Solar Energy
A 204, 2nd Floor
Rustomjee Central Park, Andheri Kurla Road
Chakala, Andheri East,
Mumbai, 400069
The Onix Solar Energy Rights Issue May 2026 opens on Mon, May 25, 2026, and closes on Mon, Jun 1, 2026.
Onix Solar Energy Rights Issue May 2026 Schedule
| Last Date for credit of Rights Entitlements | Mon, May 18, 2026 |
| Last Date for renunciation of Rights Entitlements | Tue, May 26, 2026 |
| Issue Opening Date | Mon, May 25, 2026 |
| Issue Closing Date | Mon, Jun 1, 2026 |
| Date of Allotment (on or about) | Tue, Jun 2, 2026 |
| Date of Credit (on or about) | Wed, Jun 3, 2026 |
| Date of Listing (on or about) | Fri, Jun 5, 2026 |
You can apply for Onix Solar Energy Rights Issue May 2026 in two ways:
Steps to apply for Onix Solar Energy Rights Issue May 2026 using Net Banking (ASBA)
Steps to apply for Onix Solar Energy Rights Issue May 2026 using Registrar's website (R-WAP)
