OnEMI Technology Solutions Limited, the fintech company operating digital lending platform Kissht, has launched its Initial Public Offering (IPO) with an issue size of approximately:

₹925.92 crore

The IPO has attracted strong market attention because of the company’s growing presence in India’s digital lending and fintech ecosystem.

The issue consists of both:

• Fresh issue shares
• Offer for sale component

The company plans to list its shares on the BSE.

OnEMI Technology IPO Structure

The IPO structure includes:

• Fresh issue of 4.97 crore equity shares aggregating to ₹850 crore
• Offer for sale of 0.44 crore shares aggregating to ₹75.92 crore

The combined issue size totals nearly:

₹925.92 crore

The fresh issue proceeds are expected to support business expansion, technology development, lending growth, and corporate purposes.

IPO Subscription And Listing Timeline

The subscription period for the IPO opened on:

April 30, 2026

and closed on:

May 5, 2026

The tentative timeline further includes:

• Allotment expected on May 6, 2026
• Proposed listing on May 8, 2026
• Shares to list on BSE

Investors are closely monitoring allotment updates and expected listing performance.

Price Band Fixed Between ₹162 And ₹171

The company fixed the IPO price band at:

₹162 to ₹171 per equity share

At the upper price band of ₹171, the estimated market capitalisation of the company stands near:

₹2881.06 crore

The valuation has become an important discussion point among investors evaluating India’s growing fintech sector.

Minimum Investment Requirement

The IPO lot size has been fixed at:

87 shares per lot

Retail investors were required to apply for a minimum investment of approximately:

₹14,877

for one lot.

For High-Net-Worth Individuals (HNIs), the minimum application requirement was:

14 lots or 1,218 shares

amounting to nearly:

₹2.08 lakh

The relatively lower retail application amount compared to SME IPOs may help attract broader participation.

Company Operates Kissht Digital Lending Platform

OnEMI Technology Solutions is widely known for operating:

Kissht

which focuses on India’s mass-market lending segment.

The platform provides:

• Personal loans
• Instant EMI financing
• Loan against property products
• Consumer financing solutions

The company uses digital technology and fintech partnerships to deliver quick lending services.

Pay With Ring Also Part Of Ecosystem

The company additionally operates:

Pay with Ring

which expands its fintech offerings beyond lending into digital payment solutions.

Such integrated fintech ecosystems are increasingly becoming common in India’s rapidly evolving financial technology sector.

Revenue Model Based On Multiple Streams

OnEMI Technology Solutions generates revenue through multiple business channels including:

• Interest income
• Loan origination fees
• Customer acquisition services
• Fintech partnerships
• Lending facilitation

The diversified revenue structure may help support long-term business scalability.

Digital Lending Sector Growing Rapidly

India’s digital lending market has expanded rapidly over recent years due to:

• Smartphone penetration
• Digital payments adoption
• Faster fintech innovation
• Growing credit demand

Fintech companies are increasingly targeting underserved and mass-market borrowers through app-based lending platforms.

The sector has become one of the fastest-growing areas within India’s startup and financial services ecosystem.

Focus On Mass Market Borrowers

Kissht primarily focuses on serving:

• Salaried individuals
• Emerging middle-class consumers
• First-time borrowers
• Digitally active customers

The company’s model aims to simplify credit access using digital onboarding and quick approval systems.

India’s large underbanked population presents major growth opportunities for fintech lenders.

Fintech Sector Attracting Investor Interest

Fintech IPOs continue attracting significant investor attention because of strong digital adoption trends across India.

Investors are closely watching companies involved in:

• Digital payments
• Consumer lending
• Embedded finance
• Buy now pay later services

However, fintech businesses also face regulatory and credit risk challenges.

IPO Managed By Multiple Lead Managers

The IPO is being managed by several investment banking firms including:

JM Financial Limited

HSBC Securities and Capital Markets (India) Private Limited

Nuvama Wealth Management Limited

SBI Capital Markets Limited

Centrum Broking Limited

The registrar to the issue is:

KFin Technologies Limited

Grey Market Premium Remains Flat

According to available market updates, the IPO’s:

Grey Market Premium (GMP)

was reported near:

₹0

A flat GMP indicates cautious sentiment in the unofficial market before listing.

However, experts regularly caution investors that grey market activity remains unofficial and should not be considered a guaranteed indicator of listing performance.

Understanding GMP In IPO Market

Grey Market Premium represents unofficial pre-listing trading sentiment.

It is generally influenced by:

• Subscription demand
• Investor interest
• Market conditions
• Sector outlook

Because grey market trading is unregulated, prices can fluctuate rapidly and may not accurately reflect actual market performance after listing.

Digital Credit Demand Rising In India

India’s consumer lending demand has expanded significantly because of:

• Growing consumption spending
• Digital financial access
• Expanding fintech penetration

Digital lending platforms are increasingly competing with traditional banks and NBFCs in providing faster and technology-driven financial services.

Regulatory Environment Important For Fintech Firms

Fintech businesses operate within a heavily regulated financial ecosystem.

Investors often closely monitor factors such as:

• RBI regulations
• Data privacy compliance
• Lending practices
• Credit quality management

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