On April 29, OnEMI Technology launched its initial public offering (IPO), which received a tepid response, being subscribed only 0.25 times on its first day. The offering includes a fresh issue of 4.97 crore shares and an offer for sale of 0.44 crore shares, totaling approximately ₹925.92 crore. Among the investor categories, the retail portion was subscribed 0.06 times, while the non-institutional investor segment saw a subscription of 0.11 times. The qualified institutional buyer portion performed relatively better at 0.69 times. Founders Ranvir Singh and Krishnan Vishwanathan invested nearly ₹40 crore at ₹201 per share, above the IPO price band of ₹162-171, reflecting their confidence in the business. The grey market premium for the stock is currently ₹4, indicating a potential slight increase above the issue price upon listing. Established in 2016, Kissht has seen substantial growth, with assets under management rising from ₹1,267 crore in FY23 to ₹5,955 crore in the first nine months of FY26, alongside a significant increase in profitability.