Oneindig Technologies IPO

About this issue

Oneindig Technologies listed at +25.0% against its issue price of ₹96. The book is 1.73 times subscribed overall. The grey market premium is +₹7 (+7.3%), which is an informal figure and not a quoted price. Our call is Risky, on 67% of our checks.

Segment

SME

Price

₹96

Lot size

1,200 shares

One lot costs

₹1,15,200

Issue size

₹26 Cr

Grey market premium

+₹7 (+7.3%)

Subscribed

1.73x

Listed at

+25.0%

Our call

Risky

What we checked

• Profitable in the latest yearPAT ₹6.16 Cr
• Profit grew year on yearPAT +48%
• Revenue grew year on yearRevenue +25%
• Borrowing under half of net worthDebt/net worth 2.46
• Return on net worth above 15%RoNW 37.6%
• Post-issue P/E under 40P/E 14.2
• Price to book under 6P/B 5.2
• Majority is fresh capital100% fresh issue
• Promoters keep at least half37.8% held post-issue
• Anchor investors participatedAnchor book placed
• Overall book more than 10× covered1.7× overall
• Lead manager above segment medianShare India Capital Services Pvt.Ltd.: 23 past issues, +36% avg vs +8% segment median

3 further checks could not be judged, because the issue did not disclose enough. They count neither for nor against.