Oneindig Technologies IPO Day 2: Retail Interest Improves, Overall Subscription Remains Below 1x

Mumbai, July 31: The Oneindig Technologies IPO witnessed a gradual pickup in investor participation on the second day of bidding, with retail investors showing stronger interest than on the opening day. However, the overall subscription remained below the fully subscribed mark as institutional investors were yet to enter the issue in meaningful numbers.

As of 10:48 AM, the ₹27.65 crore SME IPO had been subscribed 0.39 times. While retail participation improved compared with the opening session, demand from Qualified Institutional Buyers (QIBs) remained absent, keeping overall subscription levels subdued.

Retail Demand Strengthens On Day 2

Retail investors continued to drive bidding activity, while the non-institutional investor (NII) segment remained lightly subscribed. Within the NII category, the smaller HNI portion attracted relatively better participation than the larger HNI segment.

With two trading sessions still available, market participants will be watching whether institutional investors step in closer to the issue’s closing date, as is often seen in IPOs.

According to exchange  data available at 10:48 AM on July 31, the subscription stood at:

The issue had received 286 applications at the time of the latest update.

Subscription Trend

Investor participation has been mixed over the first two days of the bidding window. While retail demand improved on Day 2, softer participation from the NII segment and the absence of QIB bids resulted in the overall subscription easing slightly from the opening day.

The subscription figures are expected to change throughout the day as fresh bids continue to be placed.

Issue Details

Oneindig Technologies aims to raise ₹27.65 crore through an entirely fresh issue of equity shares.

The IPO comprises:

• Fresh Issue:28.80 lakh equity shares aggregating ₹27.65 crore

• Offer For Sale:Nil

The price band has been fixed at ₹91 to ₹96 per share. Investors can apply for a minimum of 2,400 shares, requiring an investment of ₹2,30,400 at the upper end of the price band.

Ahead of the public issue, the company raised ₹7.83 crore from anchor investors.

What Investors Should Watch

With the IPO scheduled to remain open until August 3, investors will closely monitor whether subscription gathers momentum over the remaining sessions. SME IPOs often see a significant rise in bids on the final day, particularly from institutional and high-net-worth investors.

Key Dates

• IPO Opens: July 30, 2026

• IPO Closes: August 3, 2026

• Expected Allotment: August 4, 2026

• Refunds: August 5, 2026

• Shares Credited To Demat Accounts: August 5, 2026

• Expected Listing: August 6, 2026

About Oneindig Technologies Ltd.

Oneindig Technologies provides engineering, procurement and commissioning (EPC) services for solar power projects across residential, commercial and industrial segments. The company also supplies solar PV modules, inverters, batteries, mounting structures, solar pumps and other renewable energy equipment while executing turnkey solar projects across multiple states.

Conclusion

The Oneindig Technologies IPO has shown improved retail participation on Day 2, but overall subscription remains below one time as institutional demand is yet to emerge. With two days of bidding still left, investor attention will remain focused on whether participation accelerates, particularly from QIBs and NIIs, before the issue closes on August 3.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/oneindig-technologies-ipo-anchor-allocation-letter.pdf