Shares of OnEMI Technology Solutions, the parent company of lending tech startup Kissht, experienced a robust debut on the stock market today. The company’s shares listed on the BSE at ₹191, an 11.7% increase from its issue price of ₹171. On the NSE, the stock opened at ₹190, marking an 11.1% premium.
Following the initial listing, Kissht’s stock continued to climb, trading at ₹196.20 on the BSE by 10:05 IST, representing a nearly 15% gain over the IPO price. At that point, the company’s market capitalization was approximately ₹3,300 crore (around $349 million).
Kissht had previously set its price band for the Initial Public Offering (IPO) at ₹162-₹171 per share. The IPO, which included a fresh issue of ₹850 crore and an offer-for-sale (OFS) of up to 44.4 lakh shares valued at ₹75.9 crore, was oversubscribed 9.5 times.
Several key shareholders participated in the OFS. Ammar Sdn Bhd, a significant shareholder, divested 11.56 lakh shares at the upper price band, realizing ₹19.8 crore. Other notable selling investors included Vertex Venture and Venturest, along with AION Advisory Services and Endiya Partners.
Prior to the public offering, Kissht successfully raised ₹277.8 crore from anchor investors. These included prominent institutions such as HDFC Mutual Fund, ICICI Prudential, Whiteoak Capital, Bandhan Bank, Goldman Sachs, New York State Teachers Retirement System, BNP Paribas, and Citigroup.
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht operates as a digital lending platform. It provides personal and business loans up to ₹5 lakh with minimal documentation and also offers health insurance products and secured loans against property.
For the first three quarters of the fiscal year 2026, Kissht reported a profit after tax (PAT) of ₹199.3 crore on operating revenue of ₹1,569.9 crore. Including other income, the total revenue for the nine-month period reached ₹1,594 crore. The company’s revenue streams are diversified, encompassing interest income, fees and commissions, and earnings from soliciting insurance products.
In fiscal year 2025, Kissht’s profit saw a decrease of approximately 18%, falling to ₹160.6 crore from ₹197.3 crore in the preceding fiscal year.
With this listing, OnEMI Technology Solutions becomes the sixth new-age tech company to go public in 2026.
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