OnEMI Technology (Kissht) IPO GMP Soars Ahead Of Listing On May 8: All You Need To Know

Following the successful bidding of OnEMI Technology (Kissht) initial public offering (IPO), market participants are now awaiting its listing. The issue, open from April 30 to May 5, showed strong overall demand with a total subscription of 9.5 times.

Qualified Institutional Buyers (QIBs) subscribed heavily at 24.87 times, bidding for 28.12 crore shares against 1.13 crore offered. Non-Institutional Investors subscribed 6.57 times, while Retail Individual Investors subscribed 2.03 times. Overall, 3.97 crore shares were offered and 37.76 crore shares were bid for, indicating strong interest in the issue even amid a subdued broader market situation. The share allotment status for the Kissht IPO was finalised on May 6.

Ahead of listing, successful bidders are closely tracking the grey market premium (GMP) trends of the issue to gauge broader sentiment and potential gains.

OnEMI Technology (Kissht) IPO GMP

According to Investorgain, the latest GMP for the OnEMI Technology IPO is Rs 28, updated on May 7. With the price band set at Rs 171, the estimated listing price is Rs 199 (Rs 171 + Rs 28). This implies an expected gain of around 16.37% per share for investors.

The GMP trend shows a sharp rise from earlier levels. On the final bidding day, GMP was around Rs 13.25, indicating about 8% gains, while on May 4 at just Rs 1.5, suggesting almost flat listing expectations at that time.

Note: GMP does not represent official data and is based on speculation.

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About OnEMI Technology (Kissht) IPO

OnEMI Technology IPO is a book-built issue worth Rs 925.92 crore, comprising a fresh issue of 4.97 crore shares and an offer for sale of 44 lakh shares. The IPO allotment was done on May 6, with listing on NSE and BSE scheduled for May 8. The price band for this IPO was set at Rs 162– Rs 171 per share. Retail investors needed to apply for at least a single lot size of 87 shares, which amounted to Rs 14,877 investment.

JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

OnEMI Technology (Kissht) Business:

Incorporated in 2016, OnEMI Technology Solutions Ltd. is a technology-enabled lender in India, primarily offering digital loans. The company operates under the brand names Kissht (digital lending platform) and Ring (payments app). As of Dec. 31, 2025, the company reported 63.73 million registered users.

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For the period ended March 31, 2025, the company's total income declined to Rs 1,357 crore, compared to Rs 1,700 crore a year ago. Profit After Tax also fell to Rs 161 crore from Rs 197 crore in Q4FY24. However, Ebitda improved to Rs 403.37 crore from Rs 359 crore. In the quarter ended December 2025, the PAT stood at Rs 199 crore.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.