OnEMI Technology IPO Update: Day 3 Review of GMP, Subscription Status, and Price Band

OnEMI Technology Solutions IPO Enters Final Day of Bidding

The initial public offering (IPO) of OnEMI Technology Solutions Ltd entered its final day of bidding on 5 May 2026, after opening on 30 April 2026. The book build issue will remain open for just one more day, ending on 5 May 2026. The company declared an IPO price band of ₹162 to ₹171 per share, aiming to raise ₹926 crore.

Of the total ₹926 crore, the company plans to raise ₹850 crore through the issuance of fresh shares, while the remaining ₹76 crore will be raised through the offer-for-sale (OFS) route. JM Financial Ltd. is serving as the book-running lead manager, and Kfin Technologies Ltd. is the registrar of the issue.

Grey Market Premium Remains Steady

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According to market observers, OnEMI Technology Solutions' shares are trading at a premium of ₹2 in the grey market today, indicating a grey market premium (GMP) of ₹2.

Subscription Status

After the end of bidding on day 2, the public issue was subscribed 0.60 times, with the retail portion booked 0.16 times, the non-institutional investor (NII) segment filled 0.50 times, and the qualified institutional buyer (QIB) segment booked 1.45 times.

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Brokerage Firm Recommendations

Several brokerage firms have assigned a 'subscribe' or 'buy' tag to the public issue. Anand Rathi recommends subscribing to the issue, citing its valuation, risk profile, and growth prospects. Choice Broking has also assigned a 'buy' tag, highlighting the company's technology-driven business model and growth trajectory.

Additionally, Adroit Financial Services, Arihant Capital Markets, Equivision, BP Equities, Geojit Investments, HDFC Securities, Hem Securities, Marwadi Shares & Finance, and Ventura Securities have assigned an 'apply' tag to the public issue.