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  1. OnEMI Technology Solutions IPO opens for subscription: Check price band, objectives, lot size and key dates

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OnEMI Technology Solutions IPO opens for subscription: Check price band, objectives, lot size and key dates

Journalist Kamal Joshi, former Republic TV and latestly editor, now associated with Upstox

3 min read | Updated on April 30, 2026, 09:14 IST

SUMMARY

OnEMI Technology Solutions IPO: The ₹925.92 crore initial share sale consists of a fresh issuance of shares aggregating to ₹850 crore and an offer for sale of 44.39 lakh shares worth ₹75.92 crore by existing shareholders.

OnEMI Technology Solutions Ltd operates under the brand names Kissht and Ring (payments app). | Image: kissht.com

OnEMI Technology Solutions Ltd operates under the brand names Kissht and Ring (payments app). | Image: kissht.com

OnEMI Technology Solutions IPO: The initial public offering of digital lending platform Kissht operator OnEMI Technology Solutions opened for subscription on Thursday, April 30. The issue will conclude on May 5. The price band has been fixed at ₹162 to ₹171 per share.

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The ₹925.92 crore initial share sale consists of a fresh issuance of shares aggregating to ₹850 crore and an offer for sale of 44.39 lakh shares worth ₹75.92 crore by existing shareholders.

The selling shareholders include Vertex Ventures SEA Fund III Pte. Ltd., Ammar Sdn Bhd Investor, Vertex Growth Fund Pte. Ltd., Vertex Growth Fund II Pte. Ltd., Endiya Seed Co-creation Fund, VenturEast Proactive Fund LLC, AION Advisory Services LLP, Ventureast Proactive Fund II, VenturEast SEDCO Proactive Fund LLC and Ventureast Proactive Fund.

The funds generated will be utilised to augment the capital base of its unit, Si Creva, to meet future funding needs and general corporate purposes.

OnEMI Technology Solutions IPO Day 1: Subscription status

The subscription details will be available post 10 am.

OnEMI Technology Solutions IPO: Lot size

A lot consists of 87 shares and multiples thereof. About half of the issue is reserved for qualified institutional buyers (QIBs), 35% for retail individual investors (RIIs) and 15% for non-institutional investors (NIIs).

Before the IPO, the company mobilised ₹277.77 crore from anchor investors, including HDFC Mutual Fund (MF), ICICI Prudential MF, Ashoka WhiteOak Capital, Bandhan MF, Quant MF, India Equity Investment Trust, BNP Paribas, Goldman Sachs and Citigroup, among others.

OnEMI Technology Solutions IPO: Allotment and listing dates

EventDate
Subscription periodApril 30 to May 5
Basis of allotmentMay 6
Initiation of RefundsMay 7
Credit of Shares to DematMay 7
Listing on NSE and BSEMay 8

Kissht, founded in 2016, offers digital credit solutions focused on young consumers in the mass market segment. As of December 2025, the platform had 63.73 million registered users and had served 11.17 million customers.

OnEMI Technology Solutions IPO GMP

According to investorgain.com and media reports, OnEMI Technology Solutions' unlisted shares are trading at ₹175.5, reflecting a grey market premium (GMP) of 2.63% compared to the upper price band of ₹171.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.

To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly editor, now associated with Upstox
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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