OnEMI Technology Solutions IPO Day 1: Check GMP, Subscription Status & Key Highlights
The bidding window for OnEMI Technology Solutions IPO has opened today, April 30, 2026 and will remain open until Tuesday, May 05, 2026, for public subscription.
OnEMI Technology Solutions (Kissht) is a technology-driven lender in India that primarily provides digital loans via its mobile application to address various consumer and business financial requirements. They provide swift, accessible and personalised credit solutions, targeting young individuals in the mass market segment, representing India’s emerging middle class.
The IPO allotment process for OnEMI Technology Solutions is expected to be finalised on Wednesday, May 06, 2026, and the shares will be listed on both NSE and BSE with a tentative listing date of May 08, 2026.
OnEMI Technology Solutions IPO - Issue Details
- Issue Type: Book Building IPO
- Total Issue size: Up to 5,41,47,390 equity shares
- Fresh Issue: Up to 4,97,07,602 equity shares
- Offer for sale (OFS): Up to 44,39,788 equity shares
- Face Value: ₹ 1 per equity share
- Price Band: ₹162 to ₹171 per share
- Lot Size: (87 shares)
- Minimum Investment: ₹14,877 per lot
- Book Running Lead Managers: JM Financial Limited, HSBC Securities and Capital Markets (India) Private Limited, Nuvama Wealth Management Limited, SBI Capital Markets Limited, Centrum Broking Limited (as successor to the merchant banking business of Centrum Capital Limited)
- Registrar: KFin Technologies Limited
- Listing: NSE, BSE
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OnEMI Technology Solutions IPO Day 1 Subscription Status
[April 30, 2026, 11:30 AM]
|
Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
NIL |
|
Non-Institutional Investors (NIIs) |
0.05 |
|
Retail Individual Investors (RIIs) |
0.02 |
|
Total |
0.02 |
Utilisation of Proceeds
The Company will utilise the net proceeds from the Fresh Issue towards the following purposes:
- Augmenting the capital base of the subsidiary, Si Creva, to meet future business requirements towards onward lending.
- General Corporate Purposes.
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OnEMI Technology Solutions GMP
As per media reports, the Grey Market Premium (GMP) of OnEMI Technology Solutions is reported at ₹4.5.
About OnEMI Technology Solutions
OnEMI Technology Solutions Limited is a leading digital lending platform revolutionising access to credit in India. With a mission to empower underserved and new-to-credit customers, it offers fast, secure, and seamless financing solutions tailored to diverse consumer needs, ranging from small-ticket personal loans to secured products like Loan Against Property (LAP).
Incorporated in 2016 and headquartered in Mumbai, Maharashtra, the company operates in the internet and fintech industry. It provides loans through its mobile-based platforms under the well-known brands Kissht and Ring, catering to both consumption and business financing needs. The company leverages deep data analytics, alternative credit scoring, and a robust technology infrastructure to deliver responsible and inclusive credit.
Financially, OnEMI has demonstrated significant scale. Total assets have increased sharply from ₹1,275 crore in FY23 to ₹3,568 crore as of December 2025. Revenue from operations stood at ₹1,337 crore in FY25. AUM grew from ₹2,604 crore in FY24 to ₹4,087 crore in FY25, and further to ₹5,956 crore as of December 2025.
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