OnEMI Technology IPO Day 3 LIVE GMP Subscription Status Price Band to Review Apply or Not

The OnEMI Technology IPO entered its final day with QIBs strongly supporting the OnEMI Technology IPO issue at 2.35 times their quota, while retail participation has been softer at 25 to 52 percent of their allocated portion. The OnEMI Technology IPO Day 3 last-hour HNI and retail bids will determine the final overall subscription multiple and listing price expectations.

Click Here – Get Free Investment Predictions on Univest The OnEMI Technology IPO is a key investment event to track closely.

OnEMI Technology IPO – Updated Key Details

Parameter	Details
Today (Day 3)	May 5, 2026 – Final Day
IPO Closes	May 5, 2026 at 5 PM
Price Band	Rs 162 to Rs 171 per share
Lot Size	87 shares – Min investment Rs 14,877
Issue Size	Rs 925.92 crore
Listing Date	May 8, 2026 (NSE and BSE)
Allotment	May 6, 2026
Registrar	KFin Technologies Ltd

OnEMI Technology IPO GMP Today – Day 3 (May 5, 2026)

OnEMI Technology IPO GMP on Day 3 is approximately Rs 1 to Rs 1.50 per share in grey market activity. At this GMP level, the implied expected listing price is Rs 172 to Rs 172.50, representing a gain of 0.6 to 0.88 percent over the upper price band of Rs 171. This is a near-flat GMP that signals the market expects a listing close to the OnEMI Technology IPO issue price with very limited listing gain.

GMP Data Point	Value
GMP Range (Day 3, May 5)	Rs 1 to Rs 1.50 per share
Upper Price Band	Rs 171 per share
Expected Listing (GMP Low)	Rs 172 (approximately 0.6 percent gain)
Expected Listing (GMP High)	Rs 172.50 (approximately 0.88 percent gain)
GMP Trend	Declining from high of Rs 7.50 to near flat
Historical GMP High	Rs 7.50 in early subscription period
Caution	GMP can move sharply before May 8 listing

The OnEMI Technology IPO Day 3 GMP trajectory tells a clear story: early grey market optimism of Rs 7.50 has collapsed to near zero as subscription momentum remained muted in the retail category. A GMP of Rs 1 on a Rs 171 issue does not provide meaningful listing gain for the risk of blocking Rs 14,877 in ASBA for the subscription period.

Track OnEMI Technology IPO Day 3 live subscription and GMP on the Univest Screener.

Subscription Status From Day 1 to Day 3

Day 3 mid-session subscription as of approximately 12:45 PM on May 5, 2026: The OnEMI Technology IPO is a key investment event to track closely.

Category	Day 3 Subscription (mid-session)	Reading
Retail (RII)	25 to 52 percent	Below full subscription – retail cautious
Non-Institutional (NII/HNI)	1.13 to 1.14 times	Just above full subscription
Qualified Institutional Buyers (QIB)	2.35 times	Strong institutional demand – best category
Overall (Day 3 mid-session)	1.04 times	Just above full subscription – barely above 1x

The QIB category for the OnEMI Technology IPO at 2.35 times is the most constructive data point in the OnEMI Technology IPO Day 3 subscription. QIB participation from domestic mutual funds and foreign institutional investors typically reflects confidence in business quality and long-term fundamentals. The weak retail subscription below 50 to 52 percent reflects investor caution about flat GMP and declining PAT in FY25 relative to FY24.

OnEMI Technology – Company Business Overview

OnEMI Technology Solutions Limited, founded in 2016 and headquartered in Mumbai, is a technology-enabled digital lender operating under two brands: Kissht, a consumer digital lending platform, and Ring (also called PaywithRING), a payments application. The company offers digital credit products aimed at young consumers in the mass market segment across both online and offline merchant networks The OnEMI Technology IPO is a key investment event to track closely.

OnEMI Technology raised Rs 277.77 crore from 22 anchor investors at Rs 171 per share before the OnEMI Technology IPO Day 3, with JM Financial, HSBC Securities, Nuvama Wealth Management, SBI Capital Markets, and Centrum Broking as book running lead managers for the OnEMI Technology IPO.

Financial Snapshot – OnEMI Technology

Period	Revenue / Total Income	Net Profit (PAT)	AUM
FY2023	Rs 1,275 crore total assets base	Base year	Data not available
FY2024	Rs 1,700.3 crore total income	Rs 197.3 crore	Rs 2,604 crore
FY2025	Rs 1,352.7 crore total income	Rs 160.6 crore	Rs 4,087 crore
9M FY2026 (Apr-Dec 2025)	Rs 1,583.93 crore total income	Rs 199.27 crore	Rs 5,956 crore

Source: OnEMI Technology Solutions Red Herring Prospectus. Note: FY25 total income declined 20.4 percent and PAT fell 18.6 percent year on year from FY24. 9M FY26 shows recovery. Verify all figures before investing. The OnEMI Technology IPO is a key investment event to track closely.

Download the Univest iOS App or Univest Android App for real-time IPO updates and SEBI-registered research The OnEMI Technology IPO is a key investment event to track closely.

Why Digital Lending Is OnEMI Technology’s Long-Term Opportunity

The OnEMI Technology IPO targets India’s formal credit market where penetration remains low relative to its population, with a large segment of young consumers and small businesses underserved by traditional banks. Digital lending platforms like Kissht address this gap by offering quick-turnaround consumer credit through mobile applications, using alternative data and AI-based credit scoring to underwrite borrowers who lack traditional credit histories. OnEMI’s AUM grew from Rs 2,604 crore in FY24 to Rs 5,956 crore by December 2025, nearly doubling in approximately 18 months, reflecting strong underlying demand for its digital credit products The OnEMI Technology IPO is a key investment event to track closely.

OnEMI Technology Valuation – Is Rs 171 the Right Price?

At the upper price band of Rs 171, the OnEMI Technology IPO OnEMI Technology is valued at a price-to-earnings multiple of approximately 10.84 times based on trailing earnings, and at a price-to-book ratio of 0.91 times, which is below book value. This is a relatively modest valuation for a fintech lender with strong AUM growth. However, the FY25 income and PAT decline relative to FY24 raises questions about earnings quality and sustainability, which partly explains the muted investor response in retail and the flat GMP heading into OnEMI Technology IPO Day 3.

Day 3 Decision: Should You Apply Before 5 PM Today

Apply for OnEMI Technology IPO If You Match This Profile

Long-term fintech investor (12 to 24 month horizon): You believe India’s digital lending market will grow significantly and OnEMI’s Kissht platform, with AUM of nearly Rs 6,000 crore, has the scale to generate sustainable returns. You are comfortable with the FY25 income decline being a temporary headwind The OnEMI Technology IPO is a key investment event to track closely.

Value-oriented investor: The P/B of 0.91 times is below book value, which is unusual for a growing fintech. If the 9M FY26 recovery in PAT to Rs 199 crore annualises into a strong FY26 full year, the entry price at Rs 171 may look attractive in hindsight The OnEMI Technology IPO is a key investment event to track closely.

Moderate risk retail applicant for allotment: With retail subscribed only 25 to 52 percent, allotment probability for retail applicants is very high, meaning anyone who applies on Day 3 has a near-certain chance of receiving shares at issue price The OnEMI Technology IPO is a key investment event to track closely.

Consider Skipping the OnEMI Technology IPO If You Match This Profile

Listing-gain focused trader: The GMP of Rs 1 to Rs 1.50 does not provide meaningful listing gain for the risk of committing Rs 14,877 for the ASBA lock-in period. Better listing opportunities typically come with GMPs of 10 to 20 percent or more The OnEMI Technology IPO is a key investment event to track closely.

Conservative investor concerned about declining financials: FY25 total income fell 20.4 percent and PAT fell 18.6 percent year on year from FY24. If this declining trend is structural rather than cyclical, the Rs 171 price at 10.84 times PE may not offer adequate margin of safety The OnEMI Technology IPO is a key investment event to track closely.

Investor with regulatory risk concerns: Digital lending is subject to evolving RBI regulation. Any future restriction on digital lending practices, fee structures, or recovery mechanisms could materially impact OnEMI’s business model and post-listing stock performance The OnEMI Technology IPO is a key investment event to track closely.

OnEMI Technology IPO Listing Price Prediction

Scenario	Condition	Expected Listing Price	Listing Gain or Loss
Bull	Final subscription crosses 2 to 3 times, market rallies	Rs 178 to Rs 185	4 to 8 percent gain
Base	Subscription stays around 1.2 to 1.5 times, flat market	Rs 171 to Rs 174	Flat to 2 percent gain
Bear	Retail stays weak, broader market sells off before May 8	Rs 162 to Rs 171	Flat to issue price loss

The base scenario aligns with the current GMP and subscription data. The bear scenario remains real if the market weakens before the May 8 listing date. Investors applying on OnEMI Technology IPO Day 3 should be prepared for a flat listing and assess the stock on 6 to 12 month fundamentals.

How to Check OnEMI Technology IPO Allotment Status on BSE NSE and Registrar

The allotment for OnEMI Technology IPO is expected to be finalised on May 6, 2026.

Method 1 – Registrar website: Visit KFin Technologies at kfintech.com, navigate to IPO Allotment Status, enter your PAN or application number, and submit The OnEMI Technology IPO is a key investment event to track closely.

Method 2 – BSE website: Go to bseindia.com, Investors section, Application Status, select OnEMI Technology Solutions, enter PAN and check from May 6, 2026 The OnEMI Technology IPO is a key investment event to track closely.

Method 3 – NSE website: Go to nseindia.com, select Equity and SME IPO bid details, pick the company symbol KISSHT from the dropdown, and enter your details The OnEMI Technology IPO is a key investment event to track closely.

The OnEMI Technology IPO Investments in securities are subject to market risk. Please read all related documents before investing. This content is for educational purposes only and does not constitute investment advice. Consult a SEBI registered financial advisor before making any investment decisions.

Frequently Asked Questions – OnEMI Technology IPO Day 3

Q1. What is OnEMI Technology IPO GMP on Day 3 (May 5)?

OnEMI Technology IPO GMP on Day 3 is approximately Rs 1 to Rs 1.50 per share, implying an expected listing of Rs 172 to Rs 172.50 (0.6 to 0.88 percent gain over the Rs 171 upper band). GMP has declined from a high of Rs 7.50 earlier in the subscription period. It is unofficial and should not be the sole basis for application decisions.

Q2. Should I apply for OnEMI Technology IPO on Day 3?

The OnEMI Technology IPO For long-term investors who believe in India’s digital lending growth and are comfortable with flat near-term listing, the P/B below 1 times and strong 9M FY26 recovery provide a case for subscribing. For listing-gain traders, the near-zero GMP does not offer compelling risk-reward. Retail allotment probability is very high given low retail subscription below 50 percent.

Q3. Is OnEMI Technology IPO fully subscribed on Day 3?

Yes, the OnEMI Technology IPO Day 3 crossed full subscription at 1.04 times overall by mid-session on May 5, 2026, with 4.12 crore shares bid against 3.97 crore shares on offer. QIBs led at 2.35 times, NIIs at 1.13 times, while retail remained at 25 to 52 percent of their quota. The issue closes today at 5 PM.

Q4. What is the OnEMI Technology IPO listing date?

The OnEMI Technology IPO listing date is May 8, 2026 on both BSE and NSE. Allotment is on May 6, shares credited to demat accounts on May 7, and listing debut on May 8. Allotment status can be checked on the KFin Technologies website and BSE or NSE from May 6, 2026.

Q5. What are the key risks in OnEMI Technology IPO?

The OnEMI Technology IPO Key risks include: FY25 income and PAT declined 20 percent and 18.6 percent year on year from FY24, indicating recent earnings pressure; evolving RBI regulation of digital lending could impact fee structures and recovery practices; competition from banks and other fintech lenders in consumer digital credit is intense; and geographic and customer concentration in mass market young consumers who may have higher default risk in economic stress.

Q6. What Is OnEMI Technology IPO AUM?

The OnEMI Technology IPO OnEMI Technology’s assets under management grew from Rs 2,604 crore in FY24 to Rs 4,087 crore in FY25, and further to Rs 5,956 crore as of December 2025. This strong AUM growth despite income and PAT pressure in FY25 shows the platform is scaling fast while managing margins through a transition period.

Q7. Can OnEMI Technology IPO list below issue price?

The OnEMI Technology IPO Yes, a below-issue price listing for the OnEMI Technology IPO is possible if broader market conditions deteriorate before the May 8 listing date. With a GMP of only Rs 1 to Rs 1.50, the implied listing premium is very thin and can easily turn into a flat or below-issue listing if Sensex and Nifty sell off sharply. The current overall subscription of just 1.04 times also means there is no strong oversubscription cushion.

Q8. How to apply for OnEMI Technology IPO on the last day?

The OnEMI Technology IPO Apply for the OnEMI Technology IPO through your broker’s IPO section or ASBA facility in net banking. Select OnEMI Technology Solutions Limited, choose 1 lot (87 shares) at the upper price band of Rs 171 (Rs 14,877 minimum). Applications are accepted until 5 PM on May 5, 2026. Use UPI ASBA for fastest processing. Allotment status will be available on KFin Technologies from May 6, 2026.

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