What does Onix Renewable Limited manufacture?

Onix Renewable Limited manufactures electric lamps and lighting equipment specifically designed for solar and wind energy applications, operating from its facility in Rajkot, Gujarat.

When was Onix Renewable Limited incorporated?

Onix Renewable Limited was incorporated in 2014 in Gujarat under CIN U31501GJ2014PLC080979, coinciding with India's major solar energy expansion phase.

What is the website of Onix Renewable Limited?

The official website of Onix Renewable Limited is https://onixrenewable.com.

Is Onix Renewable Limited listed on any stock exchange?

Onix Renewable Limited is an unlisted company; shares are not traded on BSE or NSE but are available in the unlisted/OTC market at approximately ₹55 per share.

How do I buy Onix Renewable unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Onix Renewable?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Onix Renewable shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Onix Renewable Unlisted Share Price | Buy Onix Renewable Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Onix Renewable Unlisted Share Price | Buy Onix Renewable Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Onix Renewable Limited is a Rajkot-based solar and wind energy lighting equipment manufacturer that is well-positioned in India's booming renewable energy sector. The company benefits from strong macro tailwinds including India's ambitious clean energy targets and government subsidy programs. While competition from larger players is significant, the growing market size provides opportunities for mid-size manufacturers. The ₹55 unlisted share price reflects positive sector sentiment, but investors should review MCA filings and order book details before investing.

Pros

Operates in India's fastest-growing sector — renewable energy, which is backed by the government's target of 500 GW non-fossil capacity by 2030
Located in Rajkot, Gujarat — a major industrial hub with strong manufacturing infrastructure and proximity to India's largest solar and wind energy installation zones
Solar and wind energy lighting and equipment manufacturing benefits from consistent government incentives including MNRE subsidies and PLI schemes
Incorporated in 2014, aligning with India's first major solar energy policy push under JNNSM Phase II, providing a decade of sector-specific experience
Share price of ₹55 in the unlisted market reflects positive investor sentiment toward the renewable energy sector

Cons

ISIN not publicly confirmed, limiting formal share transfer and investor verification
Relatively small manufacturer competing against large established solar and wind equipment players like Waaree, Adani Solar, and Suzlon
Renewable energy equipment sector is capital-intensive with rapid technological evolution requiring consistent R&D investment
Unlisted status limits access to public capital markets for funding expansion
Solar panel and lighting equipment pricing faces downward pressure from Chinese imports that dominate the global solar component market

Business Segments

Solar Energy Lighting Equipment

Manufacturing of solar-powered lighting systems including street lights, lanterns, and integrated solar LED products for residential and commercial use

Wind Energy Electrical Components

Manufacturing of electrical lamps and components used in wind energy generation and monitoring systems

General Electric Lamps & Accessories

Production and sale of conventional electric lamps and lighting accessories for industrial and commercial customers

Revenue Model

Onix Renewable Limited generates revenue through the manufacture and sale of solar and wind energy lighting equipment and electrical lamps to government agencies, renewable energy project developers, EPC contractors, and retail customers. Revenue is driven by project orders, government tenders (MNRE, state electricity boards), and direct commercial sales. Pricing is competitive given the capital goods nature of the product.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

India's 500 GW renewable energy target by 2030 driving massive equipment procurement

PM-KUSUM scheme expanding solar infrastructure to agricultural and rural areas

Gujarat's renewable energy leadership creating local procurement opportunities

Growing private sector solar installations in commercial and industrial segments

Industry Tailwinds

Recent Developments

India's renewable energy capacity expansion

India's solar installation pace accelerated in FY2024, crossing 70 GW installed solar capacity, creating strong demand for solar lighting equipment manufacturers like Onix Renewable.

2024-03

PLI scheme for solar modules

Government's Production Linked Incentive scheme for solar PV modules continues to benefit the Gujarat-based solar manufacturing ecosystem, potentially supporting Onix Renewable's component supply chain.

2023-12

Comparable Companies

CompanyTypeTickerMkt Cap

Waaree Energies LimitedListedWAAREEENER~₹75,000 Cr (listed)

Ujaas Energy LimitedListedUJAAS~₹500 Cr (listed)

Goldi Solar Pvt LtdListedUnlisted—

Waaree Energies LimitedListed

WAAREEENER · ~₹75,000 Cr (listed)

Frequently Asked Questions

About Onix Renewable

Onix Renewable Limited is one of India's leading renewable energy companies, headquartered in Rajkot, Gujarat. Incorporated in 2014 under CIN U31501GJ2014PLC080979, the company has established itself as a significant player in India's energy transition journey, delivering solutions across solar, wind, storage, and hybrid energy systems. Onix Renewable is registered at P-212 B, Gate No. 2, Lodhika GIDC, Metoda, Gujarat 360021, and operates an active corporate website at onixrenewable.com. The company is led by Directors Divyeshkumar Mansukhlal Savaliya and Nikhil Hareshbhai Savaliya. The company has delivered over 500 MW of successful renewable energy projects across wind, solar, storage, and hybrid systems, establishing a strong project execution track record. Onix Renewable currently operates a solar PV module manufacturing capacity of 100 MW and has announced plans to expand this capacity to 1,200 MW by 2026 — a 12x capacity increase that reflects management's aggressive growth ambitions in the rapidly expanding solar manufacturing sector. India's renewable energy sector has been one of the country's fastest-growing industries, driven by the government's ambitious target of 500 GW of non-fossil fuel capacity by 2030. With solar energy playing a central role in achieving this target, module manufacturers and project developers like Onix Renewable are positioned to benefit from massive public and private sector investment. The company's Gujarat base is strategically advantageous, as Gujarat is India's leading state for renewable energy, accounting for significant shares of national solar and wind capacity. The state's pro-business environment, robust infrastructure, and proximity to ports for equipment imports further supports Onix Renewable's manufacturing and project development activities. Onix Renewable's business model spans the full value chain from manufacturing solar modules to developing and delivering complete renewable energy projects for industrial, commercial, and utility-scale customers. This integration allows the company to capture value at multiple stages and offer cost-competitive solutions compared to non-integrated competitors.

Key Milestones

Common questions about unlisted shares

How do I buy Onix Renewable unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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