OnEMI Technology Solutions Limited, which operates digital lending platform Kissht, made a positive debut on the stock exchanges on May 8, listing at ₹190 per share against its IPO price of ₹171, a premium of ₹19 or 11.11% on the issue price.
Retail investors who applied for the minimum lot of 87 shares pocketed a listing gain of ₹1,653 per lot, while those who applied at the maximum retail category limit of 356 shares earned ₹6,764 on listing. High net worth individuals applying at the minimum HNI lot size of 1,218 shares saw a listing gain of ₹23,142.
How was OnEMI Technology’s IPO subscribed?
The IPO received a strong overall response, with bids for 37.76 crore shares against 3.97 crore shares on offer, implying an overall subscription of approximately 9.51 times. The qualified institutional buyers portion was subscribed 24.87 times, reflecting robust institutional appetite for the digital lending platform. The non-institutional investor category was subscribed 6.57 times, while the retail individual investors quota was subscribed 2.03 times. The company had also raised ₹278 crore from anchor investors ahead of the public issue opening.
What does OnEMI Technology do?
OnEMI Technology Solutions operates Kissht, a consumer-focused digital lending platform that offers buy-now-pay-later and EMI-based credit products to retail borrowers across India. The company sits within the rapidly expanding fintech lending segment, which has seen significant institutional interest as formal credit penetration deepens across tier-2 and tier-3 markets.
The 11.11% listing gain, while positive, came in broadly in line with grey market expectations heading into the listing session, and investors will now watch whether the stock can sustain and build on its debut price in subsequent sessions.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult a registered financial advisor before making any investment decisions. Business Upturn does not hold any position in the securities mentioned.