OnEMI Technology IPO: An Overview
The initial public offering (IPO) of OnEMI Technology, which operates the digital lending platform Kissht, has opened for subscription and received a muted response from investors on the first day of bidding. By the end of Day 1, the issue was subscribed just 0.25 times, with bids received for 95 lakh shares against the 3.79 crore shares on offer, according to exchange data.
IPO Details and Subscription Status
The IPO comprises a fresh issue of 4.97 crore shares aggregating to ₹850 crore and an offer for sale (OFS) of 0.44 crore shares worth ₹75.92 crore, taking the total issue size to ₹925.92 crore. The price band for the issue has been fixed at ₹162 to ₹171 per share. As much as 50% of the net issue has been reserved for qualified institutional buyers (QIBs), while 15% has been earmarked for non-institutional investors (NIIs). The remaining 35% is reserved for retail investors.
Among investor categories, the retail portion was subscribed 0.06 times, while the non-institutional investor (NII) segment was booked 0.11 times. The qualified institutional buyer (QIB) portion saw relatively better participation and was subscribed 0.69 times. Ahead of the issue opening, the promoters infused nearly ₹40 crore into the company, sources told PTI. Founders Ranvir Singh and Krishnan Vishwanathan collectively invested at ₹201 per share, higher than the IPO price band of ₹162-171, signalling confidence in the business.
Grey Market Premium and Listing Expectations
The grey market premium (GMP) of OnEMI Technology as of today was ₹4, which indicates the stock might list slightly above its issue price. This is a positive sign for investors who have subscribed to the IPO, but it’s essential to note that GMP is not always an accurate indicator of the listing price.
For more information on digital lending and its impact on the Indian economy, please visit our website. We also provide updates on the Indian stock market and offer insights on investing in IPOs.
About OnEMI Technology
Established in 2016, Kissht specialises in providing digital credit solutions targeted at young consumers in the mass market. As of 31 March 2025, the platform had 53.23 million registered users and had served 9.16 million customers. The company has reported a sharp scale-up in operations, with assets under management (AUM) rising from around ₹1,267 crore in FY23 to ₹5,955 crore in the first nine months of FY26.
Revenue from operations increased from ₹984 crore to ₹1,675 crore during the same period. Profitability also improved significantly, with profit after tax (PAT) rising from ₹27.7 crore in FY23 to ₹197 crore in FY24. For more information on OnEMI Technology and its financial performance, please visit our website.
Investment Opportunities and Risks
The OnEMI Technology IPO offers an opportunity for investors to participate in the growth of the digital lending industry in India. However, as with any investment, there are risks involved. It’s essential for investors to carefully evaluate the company’s financial performance, management team, and industry trends before making an investment decision.
For more information on investing in the digital lending industry, please visit our website. We also provide updates on the Indian economy and offer insights on personal finance.