OnEMI Technology Solutions, the parent company of Kissht, will finalise the share allotment status on May 6. The company which operates under the brand names Kissht (digital lending platform) and Ring (payments app) concluded its subscription process on May 5.
The IPO received a strong response from the investors with an overall subscription of 9.5 times, as per data from BSE.
- Qualified Institutional Buyers (QIBs): 24.87 times
- Non Institutional Investors(NIIS): 6.57 times
- Retail Individual Investors (RIIs): 2.03 times
OnEMI Technology Solutions IPO: Where And How To Check Allotment Status
Once the allotment is finalised, investors can verify their share allotment status on the websites of BSE, NSE and Kfin Technologies.
Steps To Check OnEMI Technology Solutions IPO Allotment Status On BSE
- Visit the BSE IPO allotment page here.
- Choose the issue type as “Equity”.
- Select “Onemi Technology Solutions Limited” from the dropdown menu.
- Enter your application number or PAN (Permanent Account Number).
- Complete the Captcha for verification.
- Click on the “Search” button to check your allotment status.
Steps To Check OnEMI Technology Solutions IPO Allotment Status On NSE
- Visit the IPO allotment page on the NSE website here.
- Select “Equity & SME IPO bid details”.
- Pick the company symbol "KISSHT" from the dropdown list.
- Enter your PAN and Application Number.
- Click “Submit” to check your share allotment status.
Steps to Check OnEMI Technology Solutions IPO Allotment Status On KFin Technologies
- Visit the KFinTech IPO allotment page here.
- From the dropdown menu, choose “OnEMI Technology Solutions Limited” as the IPO name.
- Select one of the available identification options – PAN number, Application number or DP ID/client ID.
- Enter the details based on the option you selected.
- Click on the “Submit” button.
- Your IPO allotment status will be displayed on the screen.
The company will transfer shares to the demat accounts of successful bidders on May 7 and refunds for non-allottees will be done on the same day. The shares of OnEMI Technology are scheduled to list on the BSE and NSE on May 8.
OnEMI Technology IPO GMP Today
The latest GMP for the OnEMI Technology Solutions IPO was Rs 13.25 on May 6. It indicates a listing price of Rs 184.25 apiece (cap price + latest GMP), with an expected gain of 7.75% per share.
Note: GMP does not represent official data and is based on speculation. Data sourced from InvestorGain.
OnEMI Technology IPO: Key Details
The OnEMI Technology IPO is a book build issue of Rs 925.92 crore. It comprises a fresh issue of 4.97 crore shares worth Rs 850 crore and an offer-for-sale (OFS) of 44 lakh shares amounting to Rs 75.92 crore. The company is planning to raise over Rs 900 crore from the primary market. It provides financing solutions such as personal loans and Loans Against Property (LAP).
The price band for the IPO was set between Rs 162 and Rs 171 per share.
To participate in the IPO, retail investors had to bid for a single lot size of 87 shares, requiring an investment of Rs 14,877. Small Non-Institutional Investors had to bid for 14 lots, amounting to an investment of Rs 2,08,278. Big Non-Institutional Investors could participate in the IPO by bidding for a minimum of 68 lots. It will lead to an investment of Rs 10,11,636.
JM Financial Ltd. is the book-running lead manager and KFin Technologies Ltd. is the registrar of the issue.
OnEMI Technology IPO: Use Of Proceeds
The company will use proceeds from the IPO to augment the capital base of its subsidiary and for general corporate purposes.
About OnEMI Technology
OnEMI Technology Solutions is a digital lending platform that offers a wide range of loan products. Its brands include Kissht and PaywithRING.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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