OnEMI Technology Solutions IPO Price Band Set at ₹162-171 per Share
OnEMI Technology Solutions IPO: Price band set at ₹162-171 per share; check issue detail, key dates, more
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OnEMI Technology Solutions, an Indian fintech firm, has set its IPO price band at ₹162 to ₹171 per share. The IPO subscription will open on April 30 and close on May 5, with plans to raise up to ₹850 crore to strengthen its subsidiary's capital base.
- 01OnEMI Technology Solutions aims to raise up to ₹850 crore through its IPO.
- 02The price band for the IPO is set between ₹162 and ₹171 per share.
- 03The subscription period runs from April 30 to May 5.
- 04Allocation for anchor investors is scheduled for April 29.
- 05The company reported a profit of ₹199.2 crore for the nine months ending December 2025.
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OnEMI Technology Solutions, based in Mumbai, has announced its Initial Public Offering (IPO) with a price band set between ₹162 and ₹171 per equity share. The subscription period is scheduled from April 30 to May 5, aiming to raise up to ₹850 crore. The IPO will allocate 50% of shares to qualified institutional buyers, 15% to non-institutional investors, and 35% to retail investors. The company, which operates the digital lending platform Kissht, reported a profit of ₹199.2 crore and revenues of ₹1,559.9 crore for the nine months ending December 2025. The proceeds from the IPO will primarily bolster the capital base of its subsidiary, Si Creva, while the remaining funds will be used for general corporate purposes. The shares are expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on May 8.
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The IPO may provide investors with an opportunity to invest in a growing fintech firm, potentially impacting the digital lending landscape in India.
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