Did you get OnEMI Technology IPO allotment? The GMP ahead of listing is the best in last few months

Investors who bid for the OnEMI Technology Solutions IPO can check their allotment status today as the fintech company was expected to finalise share allocation on May 6 after its Rs 926 crore public issue closed on May 5. The IPO, which saw healthy demand from institutional and retail investors, is scheduled to list on the BSE and NSE on May 8.

In the grey market, OnEMI Technology shares were commanding a GMP of 17%. This is the first time in a few months that a mainboard offering has garnered a double-digit premium in the off-market.

Here's how you can check the status of OnEMI Technology. Investors can check the allotment status through registrar KFin Technologies or through exchange websites.


Visit the Kfin Technologies allotment portal (https://ipostatus.kfintech.com/).

Select OnEMI Technology IPO from the dropdown.

Enter PAN, application number or DP ID.

Submit the request to view allotment status.

Check on BSE India website (https://www.bseindia.com/investors/appli_check.aspx)

Select Equity under Issue Type and choose OnEMI Technology from the dropdown.

Enter your application number and PAN.

Click on Search to check if you’ve been allotted shares.

If shares are allotted, they will be credited to demat accounts on May 7, while refunds for unsuccessful applicants are also expected the same day.

Subscription details

The IPO received solid institutional backing after raising Rs 277.8 crore from anchor investors ahead of the issue.
OnEMI Technology raised Rs 925.9 crore through a combination of fresh issue worth Rs 850 crore and an offer for sale of Rs 75.9 crore.

The price band was fixed at Rs 162–171 per share, with the issue priced at the upper band of Rs 171. At the upper band, the company commands a pre-IPO market cap of about Rs 2,881 crore.

What does the company do?

Founded in 2016, OnEMI Technology operates digital lending platforms under the Kissht and Ring brands. The company offers personal loans, loan against property, MSME loans, EMI-based merchant financing and digital payments solutions
As of December 2025, the company had 63.7 million registered users and had served 11.17 million customers, with assets under management of Rs 5,956 crore.

Financial performance

The company has shown steady profitability. For the nine months ended December 2025, the company reported a total income of Rs 1,584 crore and a profit after tax of Rs 199 crore. For FY25, profit stood at Rs 160.6 crore, compared with Rs 197.3 crore in FY24.

Should investors expect listing gains?

With the GMP currently at zero, the grey market is signaling double-digit listing gains. However, analysts say final listing performance will depend on broader sentiment in financial and fintech stocks, institutional demand visibility and overall market conditions on debut day.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)