Oneindig Technologies IPO Day 1: Issue Subscribed 15%; Check GMP, Subscription Status & Key Details

Oneindig Technologies IPO Day 1

The Oneindig Technologies IPO opened for subscription on 30 July 2026 and witnessed a slow start on its first day of bidding.

By the afternoon of Day 1, the SME IPO had been subscribed 0.15 times (15%), indicating a cautious response from investors.

Day 1 Subscription Status

The subscription across investor categories remained modest.

Subscription Details

• Overall Subscription: 0.15x
• Retail Individual Investors (RII): 29%
• Non-Institutional Investors (NII): 0.06x
• Qualified Institutional Buyers (QIB): Yet to receive bids

The IPO received bids for 3.12 lakh shares against 20.64 lakh shares available for subscription.

Oneindig Technologies IPO Details

The IPO opened on 30 July 2026 and will remain open until 3 August 2026.

Key IPO Details

• IPO Type: SME Book Built Issue
• Issue Size: ₹27.65 crore
• Fresh Issue: 28.80 lakh equity shares
• Offer for Sale (OFS): None
• Price Band: ₹91–₹96 per share
• Face Value: ₹10 per share
• Minimum Lot Size: 1,200 shares

Since the IPO consists entirely of a fresh issue, the entire proceeds will go to the company.

Grey Market Premium (GMP)

According to market observers, the Grey Market Premium (GMP) currently stands at

• Current GMP: ₹0
• Estimated Listing Price: ₹96
• Expected Listing Premium: 0%

The current grey market trend suggests that the IPO may list around its issue price.

Note: Grey Market Premium is unofficial and may change before listing.

About Oneindig Technologies

Oneindig Technologies operates in India's growing solar energy sector.

The company provides

• Engineering, Procurement & Construction (EPC) services
• Turnkey solar power projects
• Operations & Maintenance (O&M) services
• Solar PV modules
• Solar inverters
• Solar pump controllers
• Solar cables and electrical equipment

Its business primarily focuses on delivering integrated solar energy solutions.

Utilisation of IPO Proceeds

The company plans to utilize the funds raised through the IPO for

• ₹20 crore towards working capital requirements
• Remaining amount for general corporate purposes

Financial Performance

The company reported healthy financial growth during the latest reporting period.

Latest Financials

• Revenue: ₹57.46 crore
• Net Profit: ₹6.16 crore

Previous Financial Year

• Revenue: ₹46.01 crore
• Net Profit: ₹4.16 crore

The improvement reflects steady business growth supported by increasing demand in the renewable energy sector.

Important IPO Dates

• IPO Opens: 30 July 2026
• IPO Closes: 3 August 2026
• Expected Allotment: To be announced
• Expected Listing: After completion of allotment process

What This Means for Investors

The Oneindig Technologies IPO has witnessed a relatively slow start, with retail participation stronger than institutional interest on Day 1. The Grey Market Premium currently remains flat, indicating no immediate listing premium expectations.

With multiple bidding days still remaining, subscription levels could improve as institutional and high-net-worth investors often participate closer to the closing date. Investors should evaluate the company's financial performance, growth prospects in the solar EPC sector, valuation, and risk profile before making any investment decision.

Disclaimer

This article is published solely for educational and informational purposes and should not be considered financial, investment, legal, or tax advice. The information presented is based on publicly available sources and is believed to be accurate at the time of publication; however, TrendRipperX does not guarantee its completeness or accuracy.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst. Any views expressed are for informational purposes only and do not constitute a recommendation to buy, sell, or hold any security.

Investments in the securities market are subject to market risks. Readers should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.