Oneindig Technologies IPO Day 2 Live: QIBs book 1.04x - Check analysts view and more
Oneindig Technologies IPO Day 2 update shows QIBs subscribing 1.04x. Total subscription is 0.86x. Price band is ₹91-₹96. Min bid qty is 2400. Issue size ranges from ₹218400 to ₹500000.
*this image is generated using AI for illustrative purposes only.
Oneindig Technologies IPO is currently in its second day of subscription, with the issue seeing moderate interest from institutional investors. As of Day 2, the Qualified Institutional Buyers (QIB) category has been subscribed 1.04 times. The overall subscription for the issue stands at 0.86 times, indicating that the IPO is yet to be fully subscribed across all categories.
Subscription Status
The following table details the subscription status for Oneindig Technologies IPO as of Day 2:
| Category | Subscription Multiple |
|---|---|
| Qualified Institutional Buyers (QIB) | 1.04 x |
| Non-Institutional Buyers (bHNI) | 1 x |
| Non-Institutional Buyers (sHNI) | 0.38 x |
| Retail | 0.78 x |
| Employees | 0 x |
| Total Subscribed | 0.86 x |
About the Company
Oneindig Technologies is offering shares to the public through this Initial Public Offering. The company operates in the technology sector, aiming to raise capital to fund its business operations and growth initiatives. Investors are advised to review the company's financial health and risk factors before applying.
Key Dates
- IPO Close Date: To be confirmed based on the final bidding window.
- Allotment Date: Post-issue closure and basis of allotment determination.
- Listing Date: Expected shortly after allotment.
Investors should note that the price band for the issue is set between ₹91.00000 and ₹96.00000. The minimum bid quantity required for application is 2400 units. The issue size ranges from a minimum of ₹218400 to a maximum of ₹500000. With the QIB category oversubscribed but retail and sHNI categories still undersubscribed, the final outcome will depend on the last day of bidding activity.
How might the significant undersubscription in the sHNI and retail categories impact the final allotment ratio and listing price volatility for Oneindig Technologies?
What specific growth initiatives or financial metrics should investors scrutinize to justify the price band of ₹91-96 given the lukewarm retail interest?
Could the oversubscription in the QIB category signal strong institutional confidence that might sustain the stock post-listing despite weak retail participation?
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