OnEMI Technology Solutions IPO opens today: Price band, GMP, and key details
- 30th April 2026
- 06:00 PM
- 3 min read
Summary
OnEMI Technology Solutions Ltd, the parent company of digital lending platform Kissht, opened its initial public offering for subscription on 30 April 2026. The issue runs until 5 May, with a price band of ₹162–171 per share, a total issue size of ₹926 crore, and a grey market premium of +₹4.5 on Day 1.Mumbai | 30 April 2026
OnEMI Technology Solutions Ltd opened its ₹926 crore IPO for public subscription today, with bidding set to close on 5 May 2026. The issue opened at 10:00 IST and had booked approximately 2% of the total offering by the time of reporting.
What is the OnEMI Technology Solutions IPO price band?
The price band for the OnEMI Technology Solutions IPO is set at ₹162 to ₹171 per share. At the upper end of the price band, the company carries a valuation of approximately ₹2,900 crore.
The minimum lot size is 87 equity shares, requiring a minimum investment of ₹14,877 from retail investors at the upper price band.
Issue structure and allocation
The total issue size of ₹926 crore comprises two components:
- Fresh issue of equity shares worth ₹850 crore
- Offer for sale (OFS) of 44,39,788 equity shares valued at ₹76 crore at the upper limit, by existing shareholders
The allocation across investor categories is as follows:
| Investor category | Allocation |
| Qualified institutional buyers (QIBs) | ~50% |
| Retail investors | 35% |
| Non-institutional investors (NIIs) | 15% |
Anchor investors
Ahead of the public issue, OnEMI Technology Solutions raised ₹278 crore from anchor investors. The anchor book included HDFC Mutual Fund, ICICI Prudential MF, Ashoka India Equity Investment Trust, WhiteOak Capital, Bandhan MF, Quant MF, Goldman Sachs, BNP Paribas, and Citigroup, among others, as disclosed in a circular on the BSE website.
About Kissht and OnEMI Technology Solutions
OnEMI Technology Solutions operates Kissht, a digital credit platform focused on young consumers in the mass market. Established in 2016, the platform had 53.23 million registered users and had assisted 9.16 million customers as of 31 March 2025.
The company operates on-book lending through its RBI-registered NBFC subsidiary Si Creva, alongside off-book partnerships with financial institutions. Proceeds from the fresh issue will support the capital growth of Si Creva and fund general corporate purposes.
What is the OnEMI Technology Solutions IPO GMP today?
The grey market premium (GMP) for the OnEMI Technology Solutions IPO stands at +₹4.5 on Day 1. Based on the upper end of the price band and the current grey market premium, the estimated listing price is indicated at ₹175.5 per share, which is 2.63% above the IPO price of ₹171.
Grey market premiums are unofficial indicators and do not guarantee listing performance.
Issue management
The book-running lead managers for the issue are JM Financial, HSBC Securities and Capital Markets, Nuvama Wealth Management, SBI Capital Markets, and Centrum Broking. KFin Technologies Ltd is the registrar for the issue.
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