- By Aditya Pratap Singh
- Thu, 30 Apr 2026 02:08 PM (IST)
- Source:JND
OnEMI Tech IPO GMP: The initial public offering of OnEMI Technology, the parent firm of digital lending platform Kissht, opened for public subscription on Thursday. Earlier, the company fixed a price band at 162-171 per share for its Rs 926-crore initial share sale.
Meanwhile, the share sale was subscribed 0.16 times, or 16 per cent, receiving bids for 64,65,666 shares against 3,97,62,250 total offered shares till 1:39 PM, according to NSE data.
OnEMI Technology IPO GMP
The grey market premium of OnEMI Technology IPO remained subdued amid volatility in stock market due to heightening geo-political tension. According to Investorgain, the last GMP of the IPO was Rs 3.5 (till 12:55 PM). This means the shares are expected to list at Rs 174.5, up 2.05 per cent as compared to the IPO's price band of 171.00.
The IPO of the digital lending platform Kissht's parent will conclude on May 5.
A Combination Of Fresh Issues and Offers for Sale
The IPO comprises a fresh issue of equity shares totalling Rs 850 crore and an offer-for-sale (OFS) of 44,39,788 equity shares by existing shareholders at the upper end of the price band for Rs 76 crore. This brings the total issue size to ₹926 crore.
At the upper end of the price band, the company is valued at approximately Rs 2,900 crore.
IPO Details
Bidding Dates - April 30 To May 5
Lot Size: The lot size for the share sale is 87 equity shares, which means a minimum investment of Rs 14,877 to place a bid.
Share Reservation: Approximately 50 per cent of the issue is reserved for Qualified Institutional Buyers (QIBs), 35 per cent for retail investors, and the remaining 15 per cent for Non-Institutional Investors (NIIs).
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Listing Date: The shares are proposed to be listed on the BSE and NSE, and are expected to be listed on May 8.
Who Will Offload Stake
The selling shareholders include Ammar Sdn Bhd Investor, Vertex Ventures SEA Fund III Pte. Ltd., Vertex Growth Fund Pte. Ltd, Vertex Growth Fund II Pte Ltd, Ventureast Proactive Fund II, Endiya Seed Co-creation Fund, VenturEast Proactive Fund LLC, AION Advisory Services LLP, Ventureast Proactive Fund, and VenturEast SEDCO Proactive Fund LLC.
The proceeds from the fresh issue will be used to enhance the capital base of its subsidiary, Sea Craver, to meet future funding requirements as well as for general corporate purposes.