OnEMI Technology IPO Subscribed 9.94 Times on Day 3

OnEMI Technology Solutions Limited's initial public offering (IPO) closed its three-day subscription window at 9.94 times overall subscription by 4:54 PM on Day 3 (May 5, 2026). The ₹925.92 crore book-build issue, priced at ₹162 to ₹171 per share, received bids for 37,66,17,432 shares against 3,79,03,174 shares on offer, with total applications reaching 1,49,913.

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Subscription Status of OnEMI Technology IPO

Here are the subscription details for OnEMI Technology Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription surged to 9.94 times on the final day, from Day 2's 0.63 times, driven by a sharp last-day surge in institutional demand.
• Qualified institutional buyers (ex-anchor) led strongly at 25.97 times, surging from Day 2's 1.51 times, indicating heavy institutional interest concentrated on the closing day of this digital lending technology IPO.
• Non-institutional investors crossed full subscription at 6.89 times, surging from Day 2's 0.53 times, with bNII at 8.59 times and sNII at 3.48 times.
• Retail investors crossed full subscription at 2.08 times, improving from Day 2's 0.17 times.
   

Key Highlights – Day 2

• Overall subscription reached 0.62 times on Day 2 (May 4, 2026), improving from Day 1's 0.25 times, with institutional demand crossing full subscription.
• Qualified institutional buyers (ex-anchor) crossed full subscription at 1.51 times, building from Day 1's 0.69 times, indicating sustained institutional interest in this digital lending technology IPO.
• Non-institutional investors improved to 0.48 times from Day 1's 0.11 times, with bNII at 0.59 times and sNII at 0.26 times.
• Retail investors improved to 0.17 times from Day 1's 0.06 times, though participation remained subdued heading into the final day.

Key Highlights - Day 1

• Overall subscription reached 0.25 times on Day 1 (April 30, 2026), reflecting cautious initial investor interest in this digital lending technology IPO.
• Qualified institutional buyers (ex-anchor) showed the strongest opening participation at 0.69 times on Day 1.
• Non-institutional investors recorded subdued participation at 0.11 times, with bNII at 0.13 times and sNII at 0.07 times on Day 1.
• Retail investors showed negligible participation at 0.06 times on Day 1.
• Anchor investors fully subscribed their allocation of ₹277.78 crores on April 29, 2026.

About OnEMI Technology Solutions Limited

Incorporated in 2016, OnEMI Technology Solutions Limited is a technology-enabled lender operating under the brands Kissht (digital lending platform) and Ring (payments app), offering personal loans, loan against property, and MSME loans through its mobile application. Its NBFC partner Si Creva Capital Services handles loan disbursement, KYC, and EMI collections. As of December 31, 2025, the company had 63.73 million registered users, served 11.17 million customers, and held an AUM of ₹59,557.53 million.