OnEMI Technology (Kissht) Lists on BSE with 11.7% Premium
Shares of OnEMI Technology Solutions, the parent entity of Kissht, made their stock market debut today.
The company's equity was listed on the BSE at ₹191 per share, representing a 11.7% premium over the issue price. Following the listing, the firm's total market valuation reached ₹3,218.03 crore.
In parallel, the shares debuted on the NSE at ₹190 each, at a 11.1% premium.
The IPO, which aimed to raise ₹926 crore, had its price range fixed between ₹162 and ₹171 per share.
OnEMI Technology Solutions (Kissht) 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 (Kissht) IPO Overall Subscription Status
[May 8, 2026, 12:30 PM]
|
Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
24.87 |
|
Non-Institutional Investors (NIIs) |
6.57 |
|
Retail Individual Investors (RIIs) |
2.03 |
|
Total |
9.50 |
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 (Kissht) IPO GMP Today
As per media reports, the Grey Market Premium (GMP) of OnEMI Technology Solutions is reported at ₹ 27 per share today.
About OnEMI Technology Solutions
Established in 2016 and headquartered in Mumbai, Maharashtra, OnEMI Technology Solutions Limited is a prominent fintech digital platform. The firm is committed to transforming access to credit across India, with a focus on empowering new-to-credit and underserved consumer segments.
Through its well-known mobile brands, Ring and Kissht, the company provides an array of efficient, secure, and integrated financing products, ranging from minor personal loans to secured options such as Loan Against Property (LAP). By utilising advanced technology systems, extensive data analytics, and innovative credit evaluation techniques, OnEMI ensures the delivery of inclusive and responsible credit.
OnEMI has demonstrated substantial financial growth and 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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