Archive · 30 Jul 2026
Oneindig Technologies IPO: 15% Booked, GMP at ₹0
Oneindig Technologies, a company that builds solar power plants, sold new shares to the public on July 30.
Only about 15% of the shares were bought on the first day, meaning many people still want to buy them.
The price for each share can be between ₹91 and ₹96.
The market price for the shares is currently ₹0, but the company expects to list them at ₹96.
The money raised will help the company pay for its day‑to‑day needs and other business projects.
IPO opened July 30, closed Aug 3, book‑built issue ₹27.65 crore.
15% subscription on day 1, 0.15× overall, 29% from individual investors.
Price band ₹91‑96, minimum lot of 1,200 shares.
GMP currently ₹0, estimated listing price ₹96.
Company plans to use ₹20 crore of proceeds for working capital, rest for general corporate purposes.
- Who
- Oneindig Technologies, a solar energy services company
- What
- IPO of 28.80 lakh equity shares
- When
- Open for subscription from 30 July to 3 August 2024
- Where
- Listed on the Indian stock exchange
- Why
- To raise capital for working capital and general corporate purposes
- IPO Period
- 30 July – 3 August 2024
- Issue Size
- ₹27.65 crore
- Price Band
- ₹91–₹96 per share
- GMP
- ₹0
- Proceeds Allocation
- ₹20 crore for working capital, rest for general corporate purposes