The IPO of OnEMI Technology Solutions Limited has opened today, drawing strong attention from investors.
The company, known for popular apps like Kissht and Ring, is stepping into the stock market after building a strong presence in digital lending.
With this IPO, the company plans to raise around ₹925.92 crore.
The goal is to expand its digital reach and grow further in the fast-moving fintech space.
IPO Structure, Price Band and Investment Details
The IPO includes a mix of fresh shares and an offer for sale.
Fresh issue: 4.97 crore shares worth ₹850 crore
Offer for sale: 44 lakh shares worth ₹75.92 crore
The price band is set between ₹162 and ₹171 per share.
For retail investors, the minimum investment starts at ₹14,877 for one lot (87 shares).
This makes it relatively accessible for small investors looking to enter the IPO market.
Larger investors (NIIs) have higher entry requirements, with bigger lot sizes and investment amounts.
Grey Market Buzz and Expected Listing
There is already some activity in the grey market.
The IPO is currently trading at a premium (GMP) of around ₹4 to ₹4.5.
Based on this, the expected listing price could be close to ₹175.5 per share.
This suggests a modest potential gain of about 2.6% per share if current trends hold.
However, grey market trends can change quickly and should not be the only factor in making investment decisions.
Important Dates to Remember
Here are the key dates for the IPO:
Opening date: April 30, 2026
Closing date: May 5, 2026
Allotment date: May 6, 2026
Listing date: May 8, 2026
The shares are expected to be listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
About the Company
Founded in 2016, OnEMI Technology is a digital-first lending company.
It offers quick loans and EMI-based payment options to both individuals and businesses through its apps.
The company has built a large user base of over 63 million registered users, showing strong demand for its services.
Its NBFC partner, Si Creva Capital Services, manages key operations like loan disbursal, KYC, and EMI collections.
Should You Consider This IPO?
OnEMI Technology is entering the market at a time when fintech is growing rapidly in India.
Its strong user base and digital model make it an interesting option.
However, the expected listing gains appear modest based on current grey market trends.
As always, investors should look at both the company’s fundamentals and market conditions before making a decision.
