OnEMI Technology Shares Set for Strong Market Debut with High Grey Market Premium
OnEMI Technology shares to list today. GMP signals at one of the strongest debuts in recent past
The Economic TimesImage: The Economic Times
OnEMI Technology Solutions, the parent company of digital lending platform Kissht, is expected to debut at ₹198-199 per share, reflecting a 16% grey market premium over its issue price of ₹171. The ₹926 crore IPO was oversubscribed nearly 10 times, indicating strong investor interest.
- 01OnEMI Technology's shares are debuting at a projected price of ₹198-199.
- 02The IPO was oversubscribed 9.96 times, with strong demand from institutional investors.
- 03The company raised ₹277.78 crore from anchor investors before the IPO.
- 04OnEMI's financials show a profit of ₹199.3 crore for the nine months ending December 2025.
- 05Proceeds from the IPO will bolster the capital base of its subsidiary, Si Creva Capital Services.
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OnEMI Technology Solutions, the parent company of the digital lending platform Kissht, is set to make a significant stock market debut today, with shares expected to list at around ₹198-199, reflecting a 16% grey market premium over the issue price of ₹171. The company's ₹926 crore IPO, which opened for subscription from April 30 to May 5, was met with robust demand, being oversubscribed 9.96 times overall. Institutional investors showed the strongest interest, with the Qualified Institutional Buyers (QIB) portion subscribed 25.97 times. The IPO included a fresh issue of ₹850 crore and an offer for sale of ₹76 crore, totaling ₹925.92 crore. OnEMI Technology, founded in 2016, reported a total income of ₹1,583.9 crore and a profit after tax of ₹199.3 crore for the nine months ending December 2025. The funds raised from the IPO will primarily enhance the capital base of its non-banking financial company (NBFC) subsidiary, Si Creva Capital Services, to support future loan growth. Market participants are keenly observing if this fintech listing can meet its debut-day expectations amid strong institutional demand.
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The successful debut of OnEMI Technology shares could lead to increased investor confidence in the fintech sector, potentially influencing future IPOs and investment strategies.
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