OnEMI Technology Solutions is preparing for its stock market debut on May 8, following a successful IPO that opened for subscription from April 30 to May 5. The IPO raised ₹900 crore and was oversubscribed 9.5 times, with the Retail Individual Investors (RIIs) portion subscribed 2.03 times and the Qualified Institutional Buyers (QIBs) segment seeing a remarkable 24.87 times subscription. The grey market premium (GMP) currently stands at ₹21.25, suggesting an estimated listing price of ₹192.25, which is 12.43% above the issue price of ₹171. The IPO consists of a fresh issue of equity shares worth ₹850 crore and an offer-for-sale (OFS) of shares valued at nearly ₹76 crore. The proceeds from the fresh issue will primarily be used to bolster the capital base of its subsidiary, Si Creva, and support general corporate purposes. Leading financial institutions, including JM Financial and HSBC Securities, are managing the IPO.