- By Aditya Pratap Singh
- Fri, 01 May 2026 05:14 PM (IST)
- Source:JND
OnEMI Technology IPO GMP: The grey market premium (GMP) of the Rs 926 crore initial public offering (IPO) of OnEMI Technology jumped slightly on Friday. However, the GMP remained relatively flat as investors remained cautious due to volatility in the equity market. According to Investorgain, the last GMP of the initial share sale was Rs 4 (Updated May 1, 04:31 PM).
With this, the shares are expected to list at Rs 175, up 2.34 per cent as compared to the price band of 171.00.
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.
Day 1 Subscription Status
Meanwhile, the share sale was subscribed 0.24 times, or 24 per cent, receiving bids for 94,33,584 shares against 3,97,62,250 total offered shares, according to NSE data.
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).
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.
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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.