OnEMI Technology Solutions (Kissht) came to market through an IPO that opened on 30 April 2026 and closed on 5 May 2026, and the shares listed on 8 May 2026 on BSE, NSE. The price band was ₹162 to ₹171 per share and one lot was 87 shares, so the minimum application was ₹14,877. The issue size was ₹925.92 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Kfin Technologies Ltd was the registrar to the issue, and JM Financial Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., Nuvama Wealth Management Ltd., SBI Capital Markets Ltd., Centrum Capital Ltd were the lead managers.
As of 5 May 2026.
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OnEMI Technology Solutions Private Limited is a technology-enabled lender based in India. It was incorporated on June 18, 2016. It is a digital lender that offers loans through its mobile application for various consumption and business needs. The company operates under the brand names ‘Kissht’ (digital lending platform) and ‘Ring’ (payment application). It enables online and offline merchants with seamless consumer credit solutions and EMI-based payment solutions.
Its NBFC partner is ‘Si Creva Capital Services,’ which handles loan disbursements, KYC, and EMI collections. As of March 31, 2025, the company had 53.23 million registered users and served 9.16 million customers. It also had a rating of 4.6 stars on the Play Store based on over 1.00 million user reviews. It also had a net promoter score of 91. Products: Personal Loans:
It offers personal loans to salaried as well as self-employed individuals for meeting various consumption and business needs. Loan against Property: It offers loan against property to asset-holding MSME and salaried individuals who seek long-term loans for business growth and working capital requirements. As of March 31, 2025, the company had 1,278 permanent employees.
As described in the offer document.
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OnEMI Technology, which runs Kissht, raises Rs 278 crore from anchor investors. Some of the anchor investors were HDFC Mutual Fund, ICICI Prudential Mutual Fund, Ashoka India Equity Investment Trust, White Oak Capital, Bandhan MF, Quant MF, Goldman Sachs, BNP Paribas, Citigroup, along with some others.
Ranvir Singh, Krishnan Vishwanathan. Promoter holding 32.30% before the issue and 23.33% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
OnEMI Technology Solutions (Kissht) IPO was a ₹925.92 crore book-built issue, comprising a fresh issue of ₹850 crore and an offer for sale of ₹75.92 crore. It was priced at ₹162–₹171 per share with a lot size of 87 shares (₹14,877). The IPO was open from April 30 to May 5, 2026 and was subscribed 9.96x. Shares listed on BSE and NSE on May 8, 2026 at ₹190, a 11.1% premium to the issue price of ₹171. Kfin Technologies Ltd.
is the registrar. JM Financial Ltd. and 4 other book running lead managers manage the issue.
The price band of OnEMI Technology Solutions (Kissht) IPO is ₹162 to ₹171 per share.
The lot size of OnEMI Technology Solutions (Kissht) IPO is 87 shares.
The minimum investment for OnEMI Technology Solutions (Kissht) IPO is approximately ₹14,877 based on the upper price band.
The allotment date of OnEMI Technology Solutions (Kissht) IPO is May 6, 2026.
No GMP quote could be verified as recorded before OnEMI Technology Solutions (Kissht) IPO listed. A grey-market observation of ₹22 per share was recorded on 8 May 2026, 8:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹190. GMP is unofficial and does not forecast or guarantee the actual listing price.
OnEMI Technology Solutions (Kissht) IPO listed on May 8, 2026. It was issued at ₹190.0(NSE) and is currently around ₹300.50 as on 2-Nov-2026 3:30 PM, which is approximately 75.7% versus issue price. The 52-week high is ₹388.15.
You can check OnEMI Technology Solutions (Kissht) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the OnEMI Technology Solutions (Kissht) IPO allotment status on Rupix for quick and easy access.
₹162 to ₹171 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 87 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,877.
₹14,877, for one lot of 87 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 30 April 2026 and closed on 5 May 2026.
The basis of allotment was published on 6 May 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 8 May 2026 on BSE, NSE.
The issue size was ₹925.92 crore. The fresh issue was 4,97,07,602 shares (aggregating up to ₹850 crore). The offer for sale was 44,39,788 shares (aggregating up to ₹75.92 crore).