Synopsis : OnEMI Technology Solutions is launching its ?925 crore IPO on April 30 with a price band 162–171 per share. The issue combines fresh equity and an offer for sale, with proceeds aimed at business expansion and growth funding.
Fintech firm OnEMI Technology Solutions is gearing up to hit the primary markets with its much-anticipated 925 crore initial public offering (IPO), opening for subscription on April 30, 2026. The company has fixed the price band at 162 to 171 per share, positioning the issue as a mid-sized fintech offering in the current IPO landscape.
- Issue Structure & Size
The IPO is a book-built issue comprising a fresh equity issuance worth ?850 crore and an offer for sale (OFS) of ?75 crore by existing investors. In total, the company plans to issue over 4.97 crore fresh shares, while more than 44 lakh shares will be offloaded through the OFS route, taking the total issue size to 925.92 crore.
The IPO is being managed by leading investment banks including JM Financial, HSBC Securities and Capital Markets, Nuvama Wealth Management, and SBI Capital Markets, while Centrum Capital acts as the registrar.
- Key Dates to Watch
- IPO Opens: April 30, 2026
- IPO Closes: May 1, 2026 (Note: No bidding on Maharashtra Day holiday)
- Allotment Finalization: May 6, 2026
- Refunds & Share Credit: May 7, 2026
- Expected Listing: May 8, 2026
- Utilization of Funds
As per the DRHP, a significant portion of the proceeds—around ?750 crore—will be allocated to fund the growth of its subsidiary, Si Creva. The remaining funds will be used for general corporate purposes, supporting the company’s expansion strategy in the fintech space.
- Lot Size & Investment Details
Retail investors can apply for a minimum lot of 87 shares, requiring an investment of approximately 14,887 at the upper price band. Small non-institutional investors (sNIIs) can bid for 14 lots, amounting to over 2 lakh.
Disclaimer : This article is for informational purposes only and should not be considered as financial or investment advice. Investors are advised to consult with certified financial advisors before making any investment decisions.
.jpg)