OnEMI Technology Solutions, the parent company of Kissht, will conclude its initial public offering (IPO) on Tuesday, May 5, 2026. The company operates under the brand names Kissht (digital lending platform) and Ring (payments app) and is planning to raise over Rs 900 crore from the primary market. It provides financing solutions such as personal loans and Loans Against Property (LAP).
As subscription for the mainboard IPO entered its final day, the unlisted shares of the company were trading at a premium of around 0.5% in the grey market, indicating a muted listing for shares of OnEMI Technology Solutions. The IPO was fully subscribed on the final day of bidding, led by demand from QIB’s and NII’s.
Latest Subscription Numbers on Day 3: 1.04 times, as per data from BSE at 12:42 pm.
Here’s all you need to know about the IPO of OnEMI Technology Solutions.
OnEMI Technology IPO GMP Today
The latest GMP for the OnEMI Technology Solutions IPO was Rs 1 on May 5. It indicates a listing price of Rs 172 apiece (cap price + latest GMP), with an expected gain of 0.58% per share.
Note: GMP does not represent official data and is based on speculation. Data sourced from InvestorGain.
OnEMI Technology IPO: Key Details
The OnEMI Technology IPO is a book build issue of Rs 925.92 crore. It comprises a fresh issue of 4.97 crore shares worth Rs 850 crore and an offer-for-sale (OFS) of 44 lakh shares amounting to Rs 75.92 crore.
The price band for the IPO is set between Rs 162 and Rs 171 per share.
To participate in the IPO, retail investors need to bid for a single lot size of 87 shares, requiring an investment of Rs 14,877. Small Non-Institutional Investors need to bid for 14 lots, amounting to an investment of Rs 2,08,278. Big Non-Institutional Investors can participate in the IPO by bidding for a minimum of 68 lots. It will lead to an investment of Rs 10,11,636.
JM Financial Ltd. is the book-running lead manager and KFin Technologies Ltd. is the registrar of the issue.
The IPO was booked 0.6 times ahead of the final day of subscription. Qualified Institutional Buyers subscribed their quota 1.45 times, whereas Non Institutional Investors booked their quota 0.5 times and Retail Individual Investors subscription stood at 0.16 times.
OnEMI Technology IPO: Allotment And Listing Date
The share allotment status for Kissht IPO is expected to be finalised on May 6. The company will transfer shares to the demat accounts of successful bidders on May 7 and refunds for non-allottees will be done on the same day.
The shares of OnEMI Technology are scheduled to list on the BSE and NSE on May 8.
OnEMI Technology IPO: Where And How To Check Allotment Status
Once the allotment is finalised, investors can verify their share allotment status on the websites of BSE, NSE and Kfin Technologies.
Steps To Check OnEMI Technology Solutions IPO Allotment Status On BSE
- Visit the BSE IPO allotment page here.
- Choose the issue type as “Equity”.
- Select “Onemi Technology Solutions Limited” from the dropdown menu.
- Enter your application number or PAN (Permanent Account Number).
- Complete the Captcha for verification.
- Click on the “Search” button to check your allotment status.
Steps To Check OnEMI Technology Solutions IPO Allotment Status On NSE
- Visit the IPO allotment page on the NSE website here.
- Select “Equity & SME IPO bid details”.
- Pick the company symbol “KISSHT” from the dropdown list.
- Enter your PAN and Application Number.
- Click “Submit” to check your share allotment status.
Steps to Check OnEMI Technology Solutions IPO Allotment Status On KFin Technologies
- Visit the KFinTech IPO allotment page here.
- From the dropdown menu, choose “OnEMI Technology Solutions Limited” as the IPO name.
- Select one of the available identification options – PAN number, Application number or DP ID/client ID.
- Enter the details based on the option you selected.
- Click on the “Submit” button.
- Your IPO allotment status will be displayed on the screen.
OnEMI Technology IPO: Use Of Proceeds
The company will use proceeds from the IPO to augment the capital base of its subsidiary and for general corporate purposes.
About OnEMI Technology
OnEMI Technology Solutions is a digital lending platform that offers a wide range of loan products. Its brands include Kissht and PaywithRING.
Financials
The company reported a 20.44% year-on-year (YoY) decline in total income to Rs 1,352.7 crore in FY25 from Rs 1,700.3 crore in FY24. Profit after tax (PAT) fell 18.6% YoY to Rs 160.6 crore in FY25 from Rs 197.3 crore in FY24.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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