Kolkata: The IPO market is tepid so far this year against a prediction of a bumper year both in terms of number of issues and the total money to be mobilised from the market. Against this backdrop, OnEMI Technology IPO has run up a positive GMP three days before the bidding window is supposed to open. The GMP at this juncture signals that one can make more than 4% gains just on listing of this stock. OnEMI Technology IPO is designed to raise Rs 925.92 crores through a combination of fresh issue of 4.97 crore shares amounting to Rs 850.00 crores and OFS segment of 0.44 crore shares aggregating to Rs 75.92 crores. The company is based in Mumbai and was set up in 2016. It is in the business of technology-enabled lending and offers digital loans through its mobile app for consumption and business needs. The company operates in the brand Kissht (digital lending platform) and Ring (payments app). The company’s NBFC partner, Si Creva Capital Services, handles loan disbursement, KYC, and EMI collections. As of the end of December quarter, OnEMI Technology had an user base of 6.373 crore and has serves 1.117 crore customers and its AUM was Rs 5,955.753 crore.
OnEMI Technology IPO GMP
According to investorgain, OnEMI Technology IPO GMP stood ta Rs 7.5 on April XXX. Considering a price band of Rs 171.00, the estimated OnEMI Technology IPO listing price will be Rs 178.5. The listing gain indicated by this level of GMP is 4.39%. However, it must be mentioned that GMP is an unofficial indicator, is extremely volatile and does not guarantee any listing gain.
OnEMI Technology IPO price band, lot size
The OnEMI Technology IPO price band is Rs 162-171. For a retail investor, the minimum lot size is 87 shares for which he/she has to apply for Rs 14,877 based on the upper end of the price band. The lot size investment for sNII is 14 lots or 1,218 shares and for bNII the minimum lot size is 68 lots or 5,916 shares. JM Financial is the book running lead manager and Kfin Technologies is the registrar of the issue.
OnEMI Technology IPO key dates
Bid opens: April 30, 2026
Bid closes: May 5
Allotment: May 6
Refund: May 7
Credit of shares: May 7
Listing: May 8
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