Onix Solar Energy Rights Issue dates are not finalized.
Onix Solar Energy is an integrated renewable energy company operating across the solar value chain, with a strategic focus on manufacturing and power generation. The company was originally incorporated in 1980 and rebranded in 2025. The company represents the Onix Group’s transition toward large-scale clean energy infrastructure.
The company has established a manufacturing capacity of 1,200 MW for solar cells and 1,200 MW for solar modules, positioning itself as a mid-to-large-scale domestic player. Its product portfolio includes high-efficiency N-Type TOPCon and P-Type modules with power outputs ranging between 530 WP and 640 WP, catering to utility-scale, commercial, and industrial applications. Technologically, the company is aligned with advanced cell architectures such as TOPCon (up to ~25.6% efficiency) and Mono PERC, ensuring higher energy yield and lower degradation.
Beyond manufacturing, Onix operates as an Independent Power Producer (IPP), developing over 500 MW of solar projects in Maharashtra under the MSKVY 2.0 (PM-KUSUM) scheme. Its IPP model focuses on long-term power purchase agreements (PPAs), enabling predictable revenue streams and stable cash flows. With an integrated business model—spanning cell production, module assembly, and project execution—the company aims to scale up to 10 GW renewable capacity by 2030, capitalising on India’s accelerating solar adoption and policy support
Promoters of Onix Solar Energy – Onix Renewable Limited
Onix Solar Rights Issue Details
| Onix Solar Energy Rights Issue Date | Coming soon |
| Onix Solar Energy Rights Issue Price | Coming soon |
| Issue Size (in Shares) | Coming soon |
| Issue Size (in INR) | INR 65 crore |
| Issue Entitlement | NA equity shares for every NA equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Onix Solar Energy Rights Issue Record Date | Coming soon |
| Face Value | INR 10 per share |
| Listing On | BSE |
Onix Solar Energy Rights Issue Calculation
| Onix Solar Energy Rights Issue Price | Coming soon |
| Market Price on Rights Issue Approval | INR 925.55 per share |
| Dilution Factor (X) | – |
| Fair Value After Dilution at Prevailing Price | Coming soon |
Onix Solar Energy Financial Performance
| FY 2024 | FY 2025 | |
| Revenue | 0 | 29 |
| Expenses | 1 | 28 |
| Operating Margin (%) | (5,300) | 4 |
| Net Income | (1) | 1 |
| ROCE (%) | (14) | 32 |
Onix Solar Energy Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Investment in NOPL Pace Green Energy Private Limited – INR 58.50 crore
- General corporate purposes – INR 6.50 crore
Onix Solar Energy Rights Offer Documents
Onix Solar Energy Rights Issue Dates
| Rights Issue Approval Date | 17 April 2026 |
| Rights Issue Record Date | Coming soon |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Onix Solar Energy Rights Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
ONIX SOLAR ENERGY LIMITED
Office No A-204, 2nd Floor, Rustomjee Central Park,
Kurla Road, Chakalaandheri East, Andheri East,
Mumbai – 400069, Maharashtra, India
Phone: 9978915309
Email: [email protected]
Website: www.onixsolarenergy.com
Onix Solar Energy Rights Offer FAQs
What is the Onix Solar Energy Rights Issue Price?
The issue price is INR NA per share.
What is the Onix Solar Energy Rights Issue entitlement ratio?
The eligible shareholders are offered NA Equity Shares for every NA Equity Shares held on the record date.
What is the Onix Solar Energy Rights Issue Record Date?
The Record date is coming soon.
How to Apply in Onix Solar Energy Rights Offer?
The best way to apply in Onix Solar Energy Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
Rajat Bhati has a strong technical background and 5 years of experience in the stock market. He focuses on equity research, technical analysis, IPO valuations, and risk management, helping investors make clearer, data-backed decisions. Today, he works full-time to educate people about the opportunities in IPO market.
