OnEMI Technology IPO Day 3 LIVE: GMP, subscription status, price band to review. Apply or not?
OnEMI Technology Solutions IPO GMP today: According to market observers, shares of the company are available at a premium of ₹2 in the grey market today
OnEMI Technology Solutions IPO Day 3 LIVE: The initial public offering (IPO) of OnEMI Technology Solutions Ltd opened on 30 April 2026, and it will remain open for bidding until 5 May 2026. So, bidders have just one day to submit their applications for the book build issue. The company has declared the OnEMI Technology Solutions IPO price band at ₹162 to ₹171 per share. The company aims to raise ₹926 crore through its initial public offering. Of these, ₹926 crore, the company aims to raise ₹850 crore through the issuance of fresh shares, while the remaining ₹76 crore is reserved for the offer-for-sale (OFS) route. JM Financial Ltd. is the book-running lead manager, and Kfin Technologies Ltd. is the registrar of the issue.
OnEMI Technology Solutions IPO GMP today
According to market observers, the company's shares are trading at a premium of ₹2 in the grey market today. This means OnEMI Technology Solutions IPO GMP today is ₹2.
OnEMI Technology Solutions IPO subscription status
After the end of bidding on day 2, the public issue was subscribed 0.60 times, the retail portion was booked 0.16 times, the NII segment was filled 0.50 times, while the QIB segment was booked 1.45 times.
OnEMI Technology Solutions IPO review
Assigning a ‘subscribe’ tag to the public issue, Anand Rathi says, "At the upper price band, the company is valued at 1.4x FY25 P/B, implying a post-issue market capitalisation of ₹28,810 million. Approximately 94% of its loan book is unsecured, reflecting a higher-risk lending profile. With evolving consumer lifestyles, the company has successfully scaled its digital loan distribution and is well-positioned to benefit from future growth opportunities. It has built a user base of 53 million, supported by a proven platform and significant headroom in India’s underpenetrated credit market. Considering these factors, the IPO appears fairly valued and is recommended as “Subscribe – Long Term.”
Choice Broking has also assigned a ‘buy’ tag to the book build issue, saying, "Given its technology-driven business model, expanding customer base, and growth trajectory, we believe the company is well-positioned for the future. Accordingly, we assign a “SUBSCRIBE” rating for this issue."
Adroit Financial Services, Arihant Capital Markets, Equivision, BP Equities, Geojit Investments, HDFC Securities, Hem Securities, Marwadi Shares & Finance, and Ventura Securities have also assigned an ‘apply’ tag to the public issue.
OnEMI Technology Solutions IPO subscription status
The public issue has been fully subscribed. By 12:51 PM on the day 3 of bidding, the public issue was booked 1.05 times, the retail portion was booked 0.26 times, the NII segment was filled 1.17 times, while the QIB segment was booked 2.36 times.
OnEMI Technology Solutions IPO review
The company is focused on increasing engagement with their existing customer base while expanding their reach through their diversified sourcing channels such as fintech aggregators, digital marketplaces and offline merchant networks. By strengthening partnerships and onboarding new collaborators across these platforms, they aim to enhance reach, improve conversion rates and attract customers. To maximize customer value, they will broaden their product suite with higher ticket sizes, flexible and longer tenures, competitive interest rates and secured lending solutions. They aim to grow alongside their customers as their financial profiles evolve.
These efforts are supported by their comprehensive marketing and brand-building initiatives, including strategic campaigns with public figures, such as Sachin Tendulkar, their current brand ambassador, for brand visibility, trust and organic acquisition. Additionally, they will leverage advanced analytics and data-driven marketing to personalize communication and deepen customer engagement. Collectively, they believe that these initiatives will drive higher app downloads, loan applications and product adoption.
OnEMI Technology Solutions IPO details
The Company owns and operates the Kissht technology platform which comprises the customer-facing application, backend systems and collections technology infrastructure. Their Company is also responsible for marketing and customer acquisition activities. At the platform level, their Company collects only limited customer information such as name and contact details, which is used solely to apply preliminary eligibility filters across their network of financing partners. Their Company does not conduct KYC verification, credit underwriting or any credit decision-making.
OnEMI Technology Solutions IPO listing date
The most likely date for share listing is 8 May 2026, i.e. on Friday this week.
OnEMI Technology Solutions IPO allotment date
The most like date for the finalisation of share allocation is 6 May 2026, i.e. tomorrow.
OnEMI Technology Solutions IPO GMP today
According to market observers, the company's shares are trading at a premium of ₹2 in the grey market today. This means OnEMI Technology Solutions IPO GMP today is ₹2.
About the Author
Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).
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