As India accelerates its shift towards clean energy, one company is catching the eye of both retail and institutional investors — Onix Renewable Limited. While not yet listed on any stock exchange, Onix Renewable’s share price in the unlisted market is making headlines ahead of its much-anticipated IPO.
In this blog, we break down everything you need to know about Onix Renewable Limited share price, including its pre-IPO valuation, upcoming listing plans, and investment outlook for 2025.
What is Onix Renewable Limited?
Onix Renewable Limited is a fast-growing Indian company focused on:
- EPC contracts for renewable projects (over 1,200 MW delivered)
- Independent power production with more than 2,500 MW pipeline
- Solar panel manufacturing, aiming to expand from 100 MW to 1,200 MW capacity
- Entry into green hydrogen and hybrid renewable energy solutions
The company recently signed a massive ₹19,000 crore MoU with the Gujarat Government, reinforcing its strong growth pipeline.
Onix Renewable Share Price in the Unlisted Market
Although not yet public, Onix Renewable shares are actively traded in India’s unlisted or grey market.
Latest Unlisted Share Price:
- As of late 2023, Onix shares were trading around ₹22,000–₹22,500 per share
- This gives the company a pre-IPO valuation of ~₹3,690 crore
- Demand has increased ahead of the IPO, pushing prices higher in private investor circles
Why is the Share Unlisted?
Onix Renewable is a pre-IPO company, meaning it has not yet listed on NSE or BSE. However, private buyers (HNIs, VCs, and retail aggregators) trade shares based on demand and company performance.
Upcoming IPO: Big Valuation Leap Expected
## IPO Highlights (Expected July 2025):
- Raising ₹1,000 crore via fresh issue
- Targeting a ₹10,000 crore post-money valuation
- ~10% equity dilution expected
- Funds to be used for solar manufacturing expansion, new projects & R&D
What This Means for Share Price:
If IPO is priced near ₹500–₹550 per share (face value + premium), early investors could see 2.5x to 3x returns
Post-listing gains will depend on market sentiment, order book, and renewable sector momentum
Investment Analysis: Is It the Right Time to Invest?
📌## _ Opportunities:_
- India targeting 500 GW of renewable energy capacity by 2030
- Policy tailwinds from PM-KUSUM, PLI scheme for solar modules
- Strong EPC + IPP execution track record
- Early-mover advantage in hybrid & hydrogen technologies
⚠️ ## Risks:
- Valuation stretch post-IPO
- Execution risks on mega-scale projects
- Uncertainty in share allotment or listing gains
Share Price Outlook: Pre vs Post Listing
Unlisted Market
₹22,000 – ₹22,500/share
Investor demand, future prospects
IPO Price
Estimated ₹500 – ₹550/share
Targeting ₹10,000 crore valuation
Post-Listing
Subject to market dynamics
Investor response, listing gain sentiment
Expert Takeaway
If you're exploring opportunities in India’s clean energy boom, Onix Renewable Limited’s share price trajectory is worth watching closely. With a scalable business model, aggressive expansion plans, and strong government backing, the company could become one of the top renewable energy stocks in India post-IPO.
But like all pre-IPO investments, timing and due diligence are key. Investors should monitor grey market premiums, IPO subscription levels, and sector trends before making a decision.
Final Thoughts
The Onix Renewable Limited price in the unlisted market already reflects high expectations. As the company gears up for its public debut, investors have a chance to get in early — but they must balance opportunity with risk.
Thinking about investing in unlisted shares or IPO-bound companies? Start by tracking credible price updates and ensure all investments are routed through SEBI-registered intermediaries.
FAQs on Onix Renewable Share Price
1. Is Onix Renewable Limited publicly listed?
No, it is currently an unlisted company. IPO is expected in mid-2025.
2. What is the latest share price of Onix Renewable in the unlisted market?
It’s trading around ₹22,000–₹22,500 per share as of the latest data.
3. How can I buy Onix Renewable unlisted shares?
You can purchase through authorized dealers or SEBI-registered brokers dealing in unlisted securities.
4. What’s the IPO price expected to be?
Estimates suggest ₹500–₹550 per share, giving a valuation close to ₹10,000 crore.
5. Is it safe to invest in unlisted shares?
It carries higher risk than listed shares and should be approached with due diligence.
6. What sectors does Onix operate in?
EPC, IPP, solar manufacturing, and green hydrogen.
7. Will Onix Renewable give good listing gains?
It depends on IPO subscription, pricing, and market momentum.
8. Who are the promoters of Onix Renewable?
The company is privately held, with a professional leadership team focusing on clean energy.
9. Is Onix similar to listed peers like Adani Green or Tata Power?
While smaller in scale, it operates in similar verticals and is positioned for rapid growth.
10. Where can I track Onix IPO updates?
SEBI website, NSE/BSE announcements, and trusted investment portals.