OnEMI Technology Solutions' IPO has entered its third day of bidding, achieving a 60% subscription rate of the total 3.97 crore shares available. The grey market premium (GMP) has declined to below 1%, reflecting subdued investor interest. Retail investors have only subscribed 16% of their allocated shares, while non-institutional investors have covered 50% of their quota. Qualified institutional buyers (QIBs) are leading demand, with bids at 1.45 times their allocation. The IPO, priced between ₹162 to ₹171 per share, aims to raise ₹926 crore, including a fresh issue of ₹850 crore. The proceeds will primarily bolster the capital base of its subsidiary, Si Creva. Financially, OnEMI reported a revenue decline to approximately ₹1,352 crore in FY25, although its net profit improved to ₹160.6 crore. Analysts have mixed views on the IPO, citing concerns over high unsecured lending exposure, while some highlight the company's strong growth metrics. The subscription period ends on May 5, with anticipated listing in early May.