OnEMI Tech Shares List at 12% Premium on BSE Over IPO Price

Mumbai | 8 May 2026 

OnEMI Technology Solutions IPO made its market debut on Friday, with shares listing at ₹191 on the BSE, an 11.7% premium over the issue price of ₹171. On the NSE, the stock listed at ₹190, a premium of 11.11%. 

The company operates the digital lending platform Kissht and the payments app Ring. 

Issue Size and Subscription 

The ₹926-crore IPO had a price band of ₹162 to ₹171 per share. Bidding opened on 30 April 2026 and closed on 5 May 2026. The issue was subscribed 9.5 times. 

The QIB portion was subscribed 11 times, the NII portion 6.90 times, and the retail portion 2.09 times. 

The company mobilised ₹278 crore from anchor investors ahead of the public issue. 

The grey market had expected listing gains of up to 16%. 

Post listing, OnEMI Technology Solutions had a market capitalisation of ₹3,218.03 crore on the BSE. 

Use of Proceeds 

Proceeds from the fresh issue will be used to augment the capital base of subsidiary Si Creva Capital Services to meet future funding requirements. A portion will also go towards general corporate purposes. 

Si Creva, the company’s NBFC partner, handles loan disbursement, KYC, and EMI processing for Kissht. 

About OnEMI Technology Solutions 

Founded in 2016, OnEMI Technology Solutions is a technology-enabled lender in India, offering digital loans through its mobile application for consumption and business needs. 

The company operates under two brand names. Kissht is its digital lending platform, focused on young consumers in the mass market segment. Ring is its payments app. Through these platforms, OnEMI provides consumer credit solutions and EMI-based payments to online and offline merchants. 

Outlook 

OnEMI Technology Solutions joins the list of digital lending platforms now trading on Indian exchanges. The company will use IPO proceeds to strengthen the capital base of its NBFC arm, Si Creva, supporting future loan disbursement capacity. 

Stay updated on Indian equity and commodity markets. Read more market news on PL Capital → 

 Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing.

This is a knowledge-sharing initiative by PL Capital. The information provided is only for educational purposes and should not be considered as financial advice & has no influence on the investment/trading decisions of any investors.

For detailed disclaimers/disclosure and Mandatory terms and conditions please visit our website https://www.plindia.com/regulatory-content/