Shares of OnEMI Technology Solutions experienced a robust market debut on Friday, soaring as much as 23% above the issue price due to strong investor demand and significant institutional participation in its initial public offering (IPO).
The stock debuted on the National Stock Exchange (NSE) at ₹190, reflecting an 11% premium over the IPO price of ₹171. On the Bombay Stock Exchange (BSE), it opened at ₹191, a gain of 11.6%. The shares later reached an intraday high of ₹210.80, signifying a rise exceeding 23% from the offer price.
OnEMI Technology Solutions’ ₹926 crore IPO was oversubscribed 9.5 times overall, with substantial interest from institutional investors. The portion reserved for qualified institutional buyers was subscribed 24.87 times, while the non-institutional segment saw 6.57 times subscription and the retail portion was subscribed 2.03 times.
Prior to the IPO, the company raised ₹278 crore from anchor investors. The IPO was priced within the range of ₹162-171 per share, valuing the company at nearly ₹2,900 crore at the higher price point. The public offering included a fresh issue of shares worth ₹850 crore and an offer for sale of 44.39 lakh equity shares totaling ₹76 crore from existing shareholders.
Funds from the fresh issue will primarily be directed towards strengthening the capital base of the subsidiary Si Creva to support future funding needs, as well as other corporate purposes. Founded in 2016, Kissht, the company’s digital lending platform, focuses on providing credit solutions tailored to young consumers in the mass-market segment.
Shivani Nyati, Head of Wealth at Swastika Investmart, commented on the strong market response, noting an initial gain of around 11-12% for investors. She attributed the positive reception to robust institutional backing and widespread investor interest. However, Nyati cautioned that the stock could experience volatility following its sharp gains, advising investors to set a stop loss at ₹178 to mitigate potential losses.
The IPO was published on May 8, 2026.
