OnEMI Technology Solutions IPO Day 1: Issue opens today. Check GMP, review, key details. Apply or skip?

• Despite this, assets under management (AUM) grew strongly by around 57% year-on-year to ₹4,086.6 crore, indicating robust demand and scale expansion.
• OnEMI Technology Solutions announced on Wednesday that it has raised ₹278 crore from anchor investors in preparation for its initial public offering.
• Considering the upper end of OnEMI Technology Solutions price band and the current premium in the grey market, the estimated listing price of OnEMI Technology Solutions share price was indicated at ₹175.5 apiece, which is 2.63% higher than the IPO price of ₹171.
• OnEMI Technology Solutions IPO price band has been established at ₹162-171, which places the company's valuation at nearly ₹2,900 crore at the highest price point.

Article Brief

OnEMI Technology Solutions IPO opens for subscription from April 30 to May 5 at ₹162-171, aiming to raise ₹926 crore. The digital lending platform Kissht has over 53 million users and recently secured ₹278 crore from anchor investors.

Commodity price movements influence consumer-sector sentiment and broader market appetite — a signal worth watching for upcoming commodity-linked and jewellery IPOs in the pipeline.