Oneindig Technologies IPO
Oneindig Technologies IPO is an SME IPO raising ₹28 Cr at ₹91 – ₹96 a share. It listed on 6 Aug 2026 at ₹120, +25.0% against its issue price of ₹96, and trades at ₹139 today (+44.8% since issue). It was subscribed 1.68× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs96 + OFS by subtraction from exchange total Rs28 Cr. Checked: exchange issue size Rs28 Cr vs derived Rs28 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Zodiac Energy Limited | — | 27.71% | ₹13.28 |
| Solarium Green Energy Limited | — | 22.95% | ₹11.65 |
| Ganesh Green Bharat Limited | — | 23.04% | ₹13.14 |
| This issue | 12.5× | 34.89% | ₹7.66 |
derived: cut-off price Rs96 / stated EPS Rs7.66 (Diluted EPS for the stub period ended January 31, 2026, as per Restated Financial Statements (face value Rs. 10)). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.