Digital lending platform Kissht parent OnEMI Technology made a robust stock market debut on Friday, listing at a premium of nearly 12% on both the BSE and NSE amid strong investor interest in India’s growing fintech sector.

Key Highlights

• Kissht parent OnEMI Technology debuted nearly 12% higher, reflecting strong investor confidence in fintech growth.
• OnEMI Technology’s IPO received strong institutional demand, with QIB subscriptions exceeding 24 times during bidding. 

Shares of OnEMI Technology Solutions opened at Rs 191 on the BSE, up 11.7% from the IPO issue price of Rs 171. On the NSE, the stock debuted at Rs 190, reflecting an 11.1% premium over the upper end of the price band.

Following the listing, the stock gained further momentum and traded around Rs 210 during early market hours, pushing the company’s market capitalization to nearly Rs 3,500 crore.

Strong Institutional Demand Boosts Listing

The Rs 926 crore IPO of OnEMI Technology Solutions witnessed healthy demand across investor categories and was subscribed nearly 9.5 times during the bidding period between April 30 and May 5. Qualified Institutional Buyers (QIBs) led the subscription with bids worth 24.87 times the reserved portion, while Non-Institutional Investors (NIIs) subscribed 6.57 times. Retail participation remained comparatively moderate at around 2 times subscription.

The IPO consisted of a fresh issue worth Rs 850 crore and an Offer for Sale (OFS) aggregating Rs 76 crore. Early investors including Vertex Venture, Ventureast Proactive Fund, Endiya Seed Co-creation Fund, Ammar Sdn Bhd, and AION Advisory partially diluted their holdings through the OFS.

Ahead of the public issue, the company also raised Rs 278 crore from anchor investors, attracting participation from marquee institutions such as HDFC Mutual Fund, ICICI Prudential Mutual Fund, Goldman Sachs, Citigroup, BNP Paribas, and WhiteOak Capital.

Also Read: Indian Startup Funding Jumps 4X to $187 Mn in the Latest Week

Kissht Financial Performance Remains Strong

According to the company’s Red Herring Prospectus (RHP), OnEMI Technology reported operating revenue of Rs 1,560 crore and net profit of Rs 199 crore for the nine months ended December 2025. In FY25, the company posted revenue of Rs 1,337 crore and net profit of Rs 160 crore.

Founded in 2016, Kissht focuses on digital credit solutions catering primarily to young consumers and underserved mass-market borrowers across India. The company plans to utilize proceeds from the fresh issue to strengthen the capital base of its lending subsidiary, Si Creva, and support future growth initiatives.