OnEMI Technology IPO Opens With Steady Grey Market Premium

The IPO opened today, April 30, 2026, and will close on May 5, 2026. Market watchers are closely tracking subscription levels across retail, institutional, and high-net-worth categories. The offering includes a fresh issue of ₹850 crore and an offer for sale worth ₹75.92 crore.

Company Profile

Founded in 2016, OnEMI Technology Solutions operates AI-driven lending platforms Kissht and Ring. With 63.7 million registered users and 11.17 million customers served, the company reported assets under management (AUM) of ₹5,955.75 crore as of December 2025. Its scalable cloud-native technology and risk management systems have positioned it as a key player in India’s fintech ecosystem.

Price Band And Subscription Outlook

The IPO price band is set at ₹162–₹171 per share with a lot size of 87 shares. Minimum retail investment stands at ₹14,877. Analysts expect steady demand, supported by the company’s strong digital footprint and growing fintech sector.

Key highlights

• IPO size ₹925.92 crore; price band ₹162–₹171
• Fresh issue ₹850 crore; OFS ₹75.92 crore
• Lot size 87 shares; minimum retail investment ₹14,877
• Operates Kissht and Ring lending apps
• 63.7 million registered users; AUM ₹5,955.75 crore
• Listing date May 8, 2026 on NSE and BSE

Sources: Economic Times, Business Standard, Chittorgarh