OnEMI Technology IPO Allotment Today After 9.96x Subscription; GMP Signals 12% Gains, Check Listing Date

The allotment for the OnEMI Technology IPO is expected to be finalized today, May 6th after the public issue received a very good response from institutional investors during the three-day bidding process. The IPO, which opened for subscription on April 30 and closed on May 5 was subscribed around 9.96 times overall.

The OnEMI Technology IPO saw healthy demand across investor categories, with the Qualified Institutional Buyers (QIB) segment leading the subscription figures. By the final day of bidding, the QIB portion was subscribed 25.97 times, while the Non-Institutional Investor (NII) category was booked 6.91 times. The retail investor category was subscribed to 2.13 times.

The IPO is a book-built issue worth Rs. 925.92 crore and consists of a fresh issue of 4.97 crore shares aggregating to Rs. 850 crore along with an offer for sale (OFS) of 0.44 crore shares worth Rs. 75.92 crore.

OnEMI Technology IPO GMP Today

In the grey market, the OnEMI Technology IPO GMP today is around Rs. 20.30 per share at the time of writing. Based on the current grey market premium trend, the IPO is estimated to list at a premium of nearly 11.87% over its upper price band.

With the upper price band fixed at Rs. 171 per share, the estimated listing price of the OnEMI Technology IPO stands at around Rs. 191.30 per share. However, investors should note that GMP is unofficial and can change depending on market sentiment.

How to Check OnEMI Technology IPO Allotment Status

In order to check OnEMI Technology IPO Allotment Status, you can use the KFintech registrar portal, or the BSE/NSE allotment pages to check it with your PAN or application number.

Checking Via KFintech(registrar portal)

Step 1: Open the IPO allotment page, ipostatus.kfintech.com
Step 2: Select OnEMI Technology from the IPO dropdown.
Step 3: Enter your PAN, Application Number, DP/Client ID, or Account Number/IFSC.
Step 4: Click Submit to see your allotment status.

Checking Via BSE

Step 1: Go to the BSE IPO status page: bseindia.com/investors/appli_check.aspx
Step 2: Choose Equity as the issue type.
Step 3: Select OnEMI Technology IPO from the issue list.
Step 4: Enter your PAN or Application Number.
Step 5: Complete the captcha and click Search.

Checking Via NSE

Step 1: Open NSE's IPO verification page.
Step 2: Select Equity & SME IPO bid details.
Step 3: Choose OnEMI Technology Solutions under the symbol KISSHT.
Step 4: Enter your PAN and Application Number.
Step 5: Submit to view the result.

OnEMI Technology IPO price band and lot size detail

The company fixed the OnEMI Technology IPO price band at Rs. 162 to Rs. 171 per share. Investors could apply for a minimum lot size of 87 shares. Based on the upper price band, retail investors needed a minimum investment of Rs. 14,877.

For sNII investors, the minimum application size was 14 lots or 1,218 shares, amounting to Rs. 2,08,278. Meanwhile, bNII investors were required to apply for at least 68 lots or 5,916 shares, translating into an investment of Rs. 10,11,636.

The shares of OnEMI Technology are expected to list on both the NSE and BSE on May 8, 2026.

Purpose of OnEMI Technology IPO

The OnEMI Technology IPO comprises a fresh issue and an offer for sale, with the fresh issue proceeds will be used primarily for strengthening the company's lending operations.

According to the company, around Rs. 638 crore from the net proceeds will be used to augment the capital base of its subsidiary Si Cerva to support future capital requirements and business growth. The remaining funds will be utilized for general corporate purposes.

Brokerage view on OnEMI Technology IPO

Geojit Retail Equity Research has assigned a "Subscribe" rating to the OnEMI Technology IPO for high-risk investors with a short- to medium-term perspective.

In its IPO note, Geojit stated, "At the upper price band of Rs. 171, OnEMI is valued at nearly 1.4x P/B (post-issue), which appears fairly priced relative to peers while factoring in inherent risks."
The brokerage further said that the company is backed by strong growth in assets under management (AUM), a growing customer base, an omnichannel operating model, and the rapid expansion of India's digital lending ecosystem.

About OnEMI Technology Solutions Limited

OnEMI Technology Solutions Limited is a technology-led digital lending company in India and is known for operating the Kissht loan platform. The company offers personal loans, business loans, and loan-against-property products to customers across India.