Amba Auto Sales & Services IPO is a book-built issue of ₹65.12 crore, comprising entirely…
OnEMI Technology Solutions (Kissht) IPO GMP Day-1: Grey Market Premium
OnEMI Technology IPO is a book-built issue worth ₹925.92 crore. It includes a fresh issue of 4.97 crore shares aggregating to ₹850 crore, along with an offer for sale (OFS) of 0.44 crore shares totaling ₹75.92 crore.
The IPO will open on April 30, 2026, and close on May 5, 2026. The allotment date is expected to be May 6, 2026, and the shares are likely to list on NSE and BSE on May 8, 2026.
The price band is set at ₹162 to ₹171 per share. The lot size is 87 shares, requiring a minimum investment of ₹14,877 for retail investors (at the upper price band).
For non-institutional investors (NII):
- sNII: Minimum 14 lots (1,218 shares) worth ₹2,08,278
- bNII: Minimum 68 lots (5,916 shares) worth ₹10,11,636
JM Financial Ltd. is the book-running lead manager, and Kfin Technologies Ltd. is the registrar for the issue.
OnEMI Technology Solutions (Kissht) IPO GMP
| Date | IPO GMP | GMP Trend | Gain |
|---|---|---|---|
| 29 April | ₹4 | 2.34% | |
| 28 April | ₹7.5 | 4.39% | |
| 27 April | ₹- | – | -% |
OnEMI Technology Solutions IPO Details
| IPO Open Date | April 30, 2026 |
| IPO Close Date | May 5, 2026 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹162 to ₹171 Per Share |
| Issue Size | Approx ₹926 Crores, 5,41,47,390 Equity Shares |
| Fresh Issue | Approx ₹850 Crores, 4,97,07,602 Equity Shares |
| Offer for Sale: | Approx 44,39,788 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE , NSE |
OnEMI Technology Solutions IPO Dates
| IPO Open Date: | April 30, 2026 |
| IPO Close Date: | May 5, 2026 |
| Basis of Allotment: | May 6, 2026 |
| Refunds: | May 7, 2026 |
| Credit to Demat Account: | May 7, 2026 |
| IPO Listing Date: | May 8, 2026 |
About Company
Founded in 2016, OnEMI Technology Solutions Limited is a technology-driven lending platform in India that provides digital loans for both consumer and business needs through its mobile applications. It operates under the brands Kissht (a digital lending platform) and Ring (a payments app), enabling both online and offline merchants to offer consumer credit solutions and EMI-based payment options. Its NBFC partner, Si Creva Capital Services, manages key functions such as loan disbursement, KYC, and EMI collections.
As of December 31, 2025, the company has built a strong presence with 63.73 million registered users and has served 11.17 million customers. Its Assets Under Management (AUM) stood at ₹59,557.53 million, reflecting steady growth. The company offers a diversified product portfolio, including personal loans (for salaried and self-employed individuals), loan against property, and MSME loans to support business expansion and working capital needs.
The company’s key strengths lie in its large and diverse customer acquisition network, supported by a multi-channel strategy, and its focus on maintaining asset quality through advanced risk management systems. It benefits from diversified and scalable funding sources, along with a cloud-native, AI-driven technology platform that integrates all core operations. Additionally, it is led by experienced founders and leadership, with backing from prominent investors, positioning it well for future growth.
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