Bullish for OnEMI Technology IPO: Steady GMP Signals Listing Gains

OnEMI Technology's IPO is opening with a steady Grey Market Premium (GMP), which is a positive sign for its upcoming listing. The IPO is priced between Rs 162-171 per share and aims to raise Rs 926 crore.

A steady GMP indicates strong investor demand and confidence in the company's prospects, suggesting that the shares might list at a premium to the issue price. This is a key factor for retail investors looking for short-term listing gains.

This news is positive for OnEMI Technology (unlisted, but relevant for its IPO performance). A successful listing could also boost sentiment for other upcoming IPOs, particularly in the fintech or technology-enabled services sector, if OnEMI operates in that space.

Traders should monitor the subscription levels during the IPO period (closing May 5) and the final GMP before listing. A strong subscription and sustained GMP would reinforce the positive outlook for listing day.

• •OnEMI Technology IPO to open with a steady GMP.
• •Issue priced in the range of Rs 162–171 per share.
• •Aims to raise about Rs 926 crore.
• •IPO will close on May 5, with listing expected in early May.
• •Risk flag: GMP can be volatile and does not guarantee listing performance.