OnEMI Technology Solutions IPO Day 2: Subscribed 27% so far, GMP at 2% and other key details

OnEMI Technology Solutions’ Rs 926 crore IPO saw 27% subscription on Day 2, with QIBs leading demand. GMP remains modest at 2%, indicating cautious sentiment. While improving profitability and reasonable valuations support the case, high unsecured lending exposure and regulatory risks suggest investors should approach the issue with measured expectations.