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Oneindig Technologies SME IPO GMP at ₹0 as subscription nears August 3 close
The IPO is a book-built issue worth ₹27.65 crore, priced in a ₹91 to ₹96 band, with only QIBs still shown as unsubscribed on day one.
Oneindig Technologies SME IPO opened for subscription on July 30 and is set to close on August 3, with the grey market GMP currently at ₹0, according to LiveMint Markets citing Investorgain. The IPO is an SME offering focused on solar energy projects and related solar equipment, including engineering, procurement and construction services plus operations and maintenance support.
So far, the issue has been subscribed over 0.15 times on the first day, with individual investors booked 29% and non-institutional investors at 0.06 times, while the QIB portion remains unsubscribed, LiveMint Markets reported. The company has received 3,12,000 share bids compared with 20,64,000 shares on offer.
The company fixed the price band at ₹91 to ₹96 per share and investors can bid for a minimum of 1,200 shares in one lot, the outlet said. LiveMint Markets also noted the IPO is booked as a fresh issue of 28.80 lakh equity shares, raising ₹27.65 crore via the book-built process.
LiveMint Markets reported the company plans to use ₹20 crore from net proceeds for working capital needs, with the remainder for general corporate purposes. It cited financials showing Oneindig Technologies posted consolidated net profit of ₹6.16 crore on revenue of ₹57.46 crore during the ten-month period ended January 2026.