{"id":81129,"date":"2026-05-04T09:40:53","date_gmt":"2026-05-04T04:10:53","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=81129"},"modified":"2026-05-04T09:45:39","modified_gmt":"2026-05-04T04:15:39","slug":"onemi-technology-solutions-ipo-day-2-gmp-subscription-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/","title":{"rendered":"OnEMI Technology Solutions IPO Day 2 Subscription Hits 24 Percent. GMP, Review and Should You Apply"},"content":{"rendered":"<p>The <strong>OnEMI Technology Solutions IPO<\/strong> entered Day 2 of its subscription window on May 1, 2026, with the overall issue subscribed 24%, up from 20% at the end of Day 1. The QIB category continues to lead with 58%+ subscription, while retail investors have been cautious with only 5% participation so far. The grey market premium (GMP) stands at approximately Rs 4 to Rs 5 per share, suggesting a modest listing gain of 2.3% to 2.9% over the upper price band of Rs 171.<\/p><p>Get free IPO research and SEBI-registered analyst recommendations on <a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Univest<\/strong><\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#OnEMI_Technology_Solutions_IPO_at_a_Glance\" title=\"OnEMI Technology Solutions IPO at a Glance\">OnEMI Technology Solutions IPO at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#OnEMI_Technology_Solutions_IPO_GMP_on_Day_2\" title=\"OnEMI Technology Solutions IPO GMP on Day 2\">OnEMI Technology Solutions IPO GMP on Day 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#OnEMI_Technology_Solutions_IPO_Subscription_Status_on_Day_2\" title=\"OnEMI Technology Solutions IPO Subscription Status on Day 2\">OnEMI Technology Solutions IPO Subscription Status on Day 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#Key_Financials_for_the_OnEMI_Technology_Solutions_IPO\" title=\"Key Financials for the OnEMI Technology Solutions IPO\">Key Financials for the OnEMI Technology Solutions IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#Key_Risks_Before_Applying_for_the_OnEMI_Technology_Solutions_IPO\" title=\"Key Risks Before Applying for the OnEMI Technology Solutions IPO\">Key Risks Before Applying for the OnEMI Technology Solutions IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#OnEMI_Technology_Solutions_IPO_Allotment_and_Listing_Timeline\" title=\"OnEMI Technology Solutions IPO Allotment and Listing Timeline\">OnEMI Technology Solutions IPO Allotment and Listing Timeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#What_is_the_OnEMI_Technology_Solutions_IPO_GMP_on_Day_2\" title=\"What is the OnEMI Technology Solutions IPO GMP on Day 2?\">What is the OnEMI Technology Solutions IPO GMP on Day 2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#What_is_the_Day_2_subscription_status_of_the_OnEMI_Technology_Solutions_IPO\" title=\"What is the Day 2 subscription status of the OnEMI Technology Solutions IPO?\">What is the Day 2 subscription status of the OnEMI Technology Solutions IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#What_is_the_price_band_and_lot_size_of_the_OnEMI_Technology_Solutions_IPO\" title=\"What is the price band and lot size of the OnEMI Technology Solutions IPO?\">What is the price band and lot size of the OnEMI Technology Solutions IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#What_does_OnEMI_Technology_Solutions_do\" title=\"What does OnEMI Technology Solutions do?\">What does OnEMI Technology Solutions do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#When_is_the_OnEMI_Technology_Solutions_IPO_listing_date\" title=\"When is the OnEMI Technology Solutions IPO listing date?\">When is the OnEMI Technology Solutions IPO listing date?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#What_is_the_valuation_of_the_OnEMI_Technology_Solutions_IPO\" title=\"What is the valuation of the OnEMI Technology Solutions IPO?\">What is the valuation of the OnEMI Technology Solutions IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#What_are_the_key_risks_of_the_OnEMI_Technology_Solutions_IPO\" title=\"What are the key risks of the OnEMI Technology Solutions IPO?\">What are the key risks of the OnEMI Technology Solutions IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#How_can_I_check_the_OnEMI_Technology_Solutions_IPO_allotment_status\" title=\"How can I check the OnEMI Technology Solutions IPO allotment status?\">How can I check the OnEMI Technology Solutions IPO allotment status?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/onemi-technology-solutions-ipo-day-2-gmp-subscription-review\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"OnEMI_Technology_Solutions_IPO_at_a_Glance\"><\/span><strong>OnEMI Technology Solutions IPO at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>Parameter<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><\/thead><tbody><tr><td>IPO Open Date<\/td><td>30 April 2026 (Thursday)<\/td><\/tr><tr><td>IPO Close Date<\/td><td>5 May 2026 (Tuesday)<\/td><\/tr><tr><td>Price Band<\/td><td>Rs 162 to Rs 171 per share<\/td><\/tr><tr><td>Face Value<\/td><td>Rs 1 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>87 shares<\/td><\/tr><tr><td>Minimum Investment (Retail)<\/td><td>Rs 14,877 (1 lot at upper band)<\/td><\/tr><tr><td>Maximum Investment (Retail)<\/td><td>Rs 1,93,401 (13 lots at upper band)<\/td><\/tr><tr><td>Issue Size<\/td><td>Rs 925.92 crore<\/td><\/tr><tr><td>Fresh Issue<\/td><td>Rs 850 crore (4.97 crore shares)<\/td><\/tr><tr><td>Offer for Sale (OFS)<\/td><td>Rs 75.92 crore (44.39 lakh shares)<\/td><\/tr><tr><td>Anchor Allocation<\/td><td>Rs 277.77 crore from 22 anchors at Rs 171<\/td><\/tr><tr><td>Allotment Date<\/td><td>6 May 2026<\/td><\/tr><tr><td>Listing Date<\/td><td>8 May 2026 (BSE and NSE)<\/td><\/tr><tr><td>Registrar<\/td><td>KFin Technologies Ltd<\/td><\/tr><tr><td>Lead Managers<\/td><td>JM Financial, SBI Capital, HSBC Securities, Nuvama, Centrum<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"OnEMI_Technology_Solutions_IPO_GMP_on_Day_2\"><\/span><strong>OnEMI Technology Solutions IPO GMP on Day 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The <strong>OnEMI Technology Solutions IPO<\/strong> GMP as of Day 2 stands at Rs 4 to Rs 5 per share in grey market circles. At the upper price band of Rs 171, this implies an expected listing price of Rs 175 to Rs 176, representing a potential gain of 2.3% to 2.9% over the issue price. The GMP has moderated slightly from pre-subscription levels of Rs 6 to Rs 7, reflecting cautious Day 1 retail participation and the broader market uncertainty from crude oil and geopolitical headwinds.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>GMP Metric<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><\/thead><tbody><tr><td>GMP as of Day 2 (1 May 2026)<\/td><td>Rs 4 to Rs 5 per share (approx)<\/td><\/tr><tr><td>Upper Price Band<\/td><td>Rs 171 per share<\/td><\/tr><tr><td>Expected Listing Price (GMP basis)<\/td><td>Rs 175 to Rs 176 per share<\/td><\/tr><tr><td>Implied Listing Gain<\/td><td>2.3% to 2.9% over issue price<\/td><\/tr><tr><td>GMP Trend<\/td><td>Softened from pre-open Rs 6 to Rs 7<\/td><\/tr><tr><td>Important Note<\/td><td>GMP is unofficial. Do not apply based on GMP alone.<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"OnEMI_Technology_Solutions_IPO_Subscription_Status_on_Day_2\"><\/span><strong>OnEMI Technology Solutions IPO Subscription Status on Day 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The <strong>OnEMI Technology Solutions IPO<\/strong> overall subscription stands at 24% (0.24x) by Day 2. The category-wise breakdown tells the real story: QIB participation at 58%+ is healthy for this stage of a large mainboard IPO, while retail and NII categories remain in build-up mode.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>Investor Category<\/strong><\/td><td><strong>Day 1 Subscription<\/strong><\/td><td><strong>Observation<\/strong><\/td><\/tr><\/thead><tbody><tr><td>Qualified Institutional Buyers (QIB)<\/td><td>0.58x (58%)<\/td><td>Strongest category. Institutional due diligence complete.<\/td><\/tr><tr><td>Non-Institutional Investors (NII)<\/td><td>0.07x (7%)<\/td><td>HNI participation building. Typically surges on Day 4-5.<\/td><\/tr><tr><td>Retail Individual Investors (RII)<\/td><td>0.05x (5%)<\/td><td>Cautious retail. Normal for large mainboard Day 1.<\/td><\/tr><tr><td>Overall Subscription (Day 2)<\/td><td>0.24x (24%)<\/td><td>In line with typical large IPO trajectory.<\/td><\/tr><\/tbody><\/table><\/figure><p>Track live subscription data for the OnEMI Technology Solutions IPO on the <a href=\"https:\/\/univest.in\/screeners\"><strong>Univest Screener<\/strong><\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Financials_for_the_OnEMI_Technology_Solutions_IPO\"><\/span><strong>Key Financials for the OnEMI Technology Solutions IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Financial Metric<\/strong><\/td><td><strong>FY23<\/strong><\/td><td><strong>FY24<\/strong><\/td><td><strong>FY25<\/strong><\/td><td><strong>9M FY26<\/strong><\/td><\/tr><tr><td><strong>Total Revenue \/ Income<\/strong><\/td><td>Rs 1,001 cr<\/td><td>Rs 1,674 cr<\/td><td>Rs 1,352 cr<\/td><td>Rs 1,584 cr<\/td><\/tr><tr><td><strong>Net Interest Income (NII)<\/strong><\/td><td>Rs 691 cr (est.)<\/td><td>Rs 1,158 cr<\/td><td>Rs 860 cr<\/td><td>Recovering<\/td><\/tr><tr><td><strong>Net Profit (PAT)<\/strong><\/td><td>Rs 27.67 cr<\/td><td>Rs 197.29 cr<\/td><td>Rs 160.62 cr<\/td><td>Rs 199.26 cr<\/td><\/tr><tr><td><strong>Net Interest Margin (NIM)<\/strong><\/td><td>18.6%<\/td><td>16.8%<\/td><td>23.8%<\/td><td>Improving<\/td><\/tr><tr><td><strong>Total AUM<\/strong><\/td><td>Rs 1,268 cr<\/td><td>Rs 2,670 cr<\/td><td>Rs 4,087 cr<\/td><td>Rs 5,956 cr (Dec)<\/td><\/tr><tr><td><strong>Gross NPA (GNPA)<\/strong><\/td><td>0.05%<\/td><td>0.79%<\/td><td>2.89%<\/td><td>2.89% (Dec 25)<\/td><\/tr><tr><td><strong>Net NPA (NNPA)<\/strong><\/td><td>0%<\/td><td>0%<\/td><td>0.40%<\/td><td>0.40% (Dec 25)<\/td><\/tr><tr><td><strong>Capital Adequacy (CRAR)<\/strong><\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>25.2%<\/td><td>26.7%<\/td><\/tr><tr><td><strong>Operating Cash Flow<\/strong><\/td><td>Positive<\/td><td>Negative<\/td><td>-Rs 661 cr<\/td><td>-Rs 138 cr<\/td><\/tr><tr><td><strong>Borrowings<\/strong><\/td><td>Rs 388 cr<\/td><td>&#8211;<\/td><td>Rs 2,047 cr<\/td><td>Rs 2,394 cr (Mar 26)<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Risks_Before_Applying_for_the_OnEMI_Technology_Solutions_IPO\"><\/span><strong>Key Risks Before Applying for the OnEMI Technology Solutions IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Before applying for the <strong>OnEMI Technology Solutions IPO<\/strong>, weigh these four risks carefully.<\/p><p><strong>Elevated GNPA of 2.89%:<\/strong> For an unsecured digital lending book, gross non-performing assets at 2.89% are elevated compared to bank peers. If credit conditions tighten or the economic environment weakens, this could rise meaningfully.<\/p><p><strong>Persistent Negative Operating Cash Flows:<\/strong> The company has historically reported negative operating cash flows as it scales the loan book. This means it depends on external capital raising to fund growth, making the fresh issue essential to continue operations at scale.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"OnEMI_Technology_Solutions_IPO_Allotment_and_Listing_Timeline\"><\/span><strong>OnEMI Technology Solutions IPO Allotment and Listing Timeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>Event<\/strong><\/td><td><strong>Date<\/strong><\/td><\/tr><\/thead><tbody><tr><td>IPO Close Date<\/td><td>5 May 2026 (Tuesday)<\/td><\/tr><tr><td>Allotment Finalisation<\/td><td>6 May 2026 (Wednesday)<\/td><\/tr><tr><td>Share Credit to Demat<\/td><td>7 May 2026 (Thursday)<\/td><\/tr><tr><td>Listing on BSE and NSE<\/td><td>8 May 2026 (Friday)<\/td><\/tr><tr><td>Refund for Non-Allottees<\/td><td>7 May 2026<\/td><\/tr><tr><td>Allotment Check<\/td><td>KFin Technologies website using PAN or Application Number<\/td><\/tr><\/tbody><\/table><\/figure><p><strong>Disclaimer: <\/strong>Investment in the share market is subject to market risk. This article is for informational and educational purposes only and does not constitute investment advice. GMP data is unofficial and sourced from grey market indicators. It does not guarantee actual listing price or returns. All financial data is sourced from publicly available information including the company&#8217;s Red Herring Prospectus, NSE\/BSE filings, and SEBI-registered analyst research. Read the RHP carefully before investing. Consult a SEBI-registered financial advisor before making any investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_OnEMI_Technology_Solutions_IPO_GMP_on_Day_2\"><\/span><strong>What is the OnEMI Technology Solutions IPO GMP on Day 2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The <strong>OnEMI Technology Solutions IPO<\/strong> GMP on Day 2 (1 May 2026) is approximately Rs 4 to Rs 5 per share, implying an expected listing price of Rs 175 to Rs 176 against the upper price band of Rs 171. This represents a potential listing gain of 2.3% to 2.9%. GMP is unofficial and does not guarantee actual listing price.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Day_2_subscription_status_of_the_OnEMI_Technology_Solutions_IPO\"><\/span><strong>What is the Day 2 subscription status of the OnEMI Technology Solutions IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The <strong>OnEMI Technology Solutions IPO<\/strong> is subscribed 24% (0.24x) overall by Day 2. QIB category leads at 0.58x. Retail is at 0.05x and NII at 0.07x. This trajectory is normal for a large Rs 926 crore mainboard IPO where institutional and HNI capital concentrates in the final 2 days.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_price_band_and_lot_size_of_the_OnEMI_Technology_Solutions_IPO\"><\/span><strong>What is the price band and lot size of the OnEMI Technology Solutions IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The <strong>OnEMI Technology Solutions IPO<\/strong> price band is Rs 162 to Rs 171 per share. The lot size is 87 shares. Minimum retail investment is Rs 14,877 at the upper band (1 lot). Maximum retail investment is Rs 1,93,401 (13 lots). The IPO closes on May 5, 2026.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_does_OnEMI_Technology_Solutions_do\"><\/span><strong>What does OnEMI Technology Solutions do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>OnEMI Technology Solutions operates India&#8217;s digital lending platforms Kissht (personal loans and consumer finance) and Ring (credit card-linked product). The <strong>OnEMI Technology Solutions IPO<\/strong> company had 63.73 million registered users and AUM of Rs 5,955.75 crore as of December 2025. Its NBFC subsidiary Si Creva holds the RBI lending licence.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_is_the_OnEMI_Technology_Solutions_IPO_listing_date\"><\/span><strong>When is the OnEMI Technology Solutions IPO listing date?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The <strong>OnEMI Technology Solutions IPO<\/strong> listing date is May 8, 2026 on both BSE and NSE. Allotment will be finalised on May 6. Shares will be credited to demat accounts on May 7. The registrar is KFin Technologies. Check allotment status using your PAN or application number on the KFin website.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_valuation_of_the_OnEMI_Technology_Solutions_IPO\"><\/span><strong>What is the valuation of the OnEMI Technology Solutions IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>At the upper price band of Rs 171, the <strong>OnEMI Technology Solutions IPO<\/strong> is valued at P\/ABV of 1.6x, P\/E of 10.84x, and a post-issue market cap of Rs 2,881 crore. SBICAP Securities considered the P\/ABV of 1.6x reasonable given the 140.9% net profit CAGR from FY23 to FY25 and the strong 9M FY26 recovery.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_key_risks_of_the_OnEMI_Technology_Solutions_IPO\"><\/span><strong>What are the key risks of the OnEMI Technology Solutions IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The four key risks in the <strong>OnEMI Technology Solutions IPO<\/strong> are: elevated GNPA of 2.89% on an unsecured loan book, persistent negative operating cash flows requiring capital infusion, RBI inspection concerns at NBFC subsidiary Si Creva, and the entirely unsecured nature of the AUM which is vulnerable in economic downturns.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_can_I_check_the_OnEMI_Technology_Solutions_IPO_allotment_status\"><\/span><strong>How can I check the OnEMI Technology Solutions IPO allotment status?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The <strong>OnEMI Technology Solutions IPO<\/strong> allotment will be finalised on May 6, 2026. Check your status on the KFin Technologies registrar website (kfintech.com) using your PAN number, application number, or DP Client ID. Alternatively, check on BSE or NSE using your PAN.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/vrl-logistics-q4-results-2026-2\">VRL Logistics Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vraj-iron-and-steel-q4-results-2026\">Vraj Iron and Steel Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/voltas-q4-results-2026\">Voltas Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/voltamp-transformers-q4-results-2026\">Voltamp Transformers Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vodafone-idea-q4-results-2026\">Vodafone Idea Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><\/p>","protected":false},"excerpt":{"rendered":"<p>The OnEMI Technology Solutions IPO entered Day 2 of its subscription window on May 1, 2026, with the overall issue subscribed 24%, up from 20% at the end of Day 1. The QIB category continues to lead with 58%+ subscription, while retail investors have been cautious with only 5% participation so far. The grey market<\/p>\n","protected":false},"author":23,"featured_media":81130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[4115],"class_list":["post-81129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo-day-2"],"metadata":{"_edit_lock":["1777868200:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["76"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["OnEMI Technology Solutions IPO Day 2 GMP Subscription Status "],"rank_math_description":["OnEMI Technology Solutions IPO Day 2 shows 24% overall subscription. GMP at Rs 4-5. 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