OnEMI Technology Solutions IPO fully subscribed on Day 3: Check allotment date and steps

OnEMI Technology Solutions IPO: The initial public offering of OnEMI Technology Solutions Ltd was fully subscribed on Tuesday, May 5.

It secured bids for 4,12,91,853 shares as against 3,97,62,250 shares on offer, translating to 1.04 times subscription, according to the NSE data until 12:46 pm.

The category for qualified institutional buyers (QIBs) attracted 2.35 times subscription. The quota for non-institutional investors got subscribed 1.13 times and retail investors' portion received 25% subscription.

The initial share sale has a fresh issue of equity shares valued at ₹850 crore and an offer for sale (OFS) of 44,39,788 equity shares aggregating to ₹75.92 crore by existing shareholders. This takes the total issue size to ₹925.92 crore.

The price band is fixed at ₹162 to ₹171 per share, and a lot consists of 87 shares.

Proceeds from the fresh issue will be utilised to augment the capital base of its unit, Si Creva, to meet future funding requirements and general corporate purposes.

Founded in 2016, OnEMI Technology Solutions operates under the brand names Kissht and Ring. It offers digital credit solutions focused on young consumers in the mass market segment.

OnEMI Technology Solutions IPO: Allotment and listing date

OnEMI Technology Solutions IPO allotment is expected to be finalised on May 6, while listing on the NSE and the BSE will occur on May 8.

How to check OnEMI Technology Solutions IPO allotment status on NSE

• Visit NSE's allotment status link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Choose ‘OnEMI Technology Solutions’ under the symbol ‘KISSHT’
• Enter your PAN and application number
• Click on submit

Steps to check OnEMI Technology Solutions IPO allotment status on KFin Technologies

• Visit the official website: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ dropdown, pick ‘OnEMI Technology Solutions Ltd’
• Add either your IPO application number, Demat account number or PAN
• Press the ‘Submit’ button

OnEMI Technology Solutions IPO GMP

According to investorgain.com and media reports, OnEMI Technology Solutions' unlisted shares are trading at ₹172.5, reflecting a grey market premium (GMP) of 0.88% compared to the upper price band of ₹171.