Kissht IPO
Market Sentiment
Market Lot Size
IPO Details
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Financial Analysis
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,001.51 | 1,700.30 | 1,352.69 |
| Expense | 977.55 | 1,432.86 | 1,136.42 |
| Profit (PAT) | 27.67 | 197.29 | 160.62 |
| Total Assets | 1,275.20 | 1,796.53 | 2,701.10 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Bajaj Finance Limited | 32.73 | 26.89 | 19 |
| Cholamandalam Investment & Finance Company Limited | 29.31 | 50.72 | 20 |
| HDB Financial Services Limited | 27.26 | 27.40 | 15 |
| SBI Cards & Payment Services Limited | 39.61 | 20.15 | 15 |
Promoters: Ranvir Singh And Krishnan Vishwanathan
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 11,87,75,420 | 32.30% |
| Promoter Holding Post Issue | 16,84,83,022 | 23.33% |
Company Information
OnEMI Technology Solutions Limited was incorporated in 2016 and is a digital lending company in India. It provides quick and easy loans through its mobile app to meet both personal and business needs. The company runs two platforms: Kissht, which is used for digital loans, and Ring, which is a payments app. It also helps online and offline merchants offer easy EMI options to their customers. Loans are disbursed and managed through its NBFC partner, Si Creva Capital Services, which takes care of KYC, loan approval, and EMI collections.
| Purpose | Amount (Cr) |
|---|---|
| Augmenting the capital base of our Subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of our Subsidiary, Si Creva’s, business | 750.00 |
| General Corporate Purpose | 7.01 |
Resources & Documents
OnEMI Technology Solutions Ltd., 10 th Floor,, Tower 4,, Equinox Park, LBS Marg, Kurla (West),, Mumbai, Maharashtra, 400070
Kissht has set a price band of Rs 162–Rs 171 per share for an issue size of Rs 926 crore. The stock listed with a 11.11% gain versus its issue price on May 08, 2026.
OnEMI Technology Solutions Limited was incorporated in 2016 and is a digital lending company in India. It provides quick and easy loans through its mobile app to meet both personal and business needs.
The issue is promoted by Ranvir Singh And Krishnan Vishwanathan with JM Financial Ltd., HSBC Securities & Capital Markets (India) Pvt. Ltd., Nuvama Wealth Management Ltd., SBI Capital Markets Ltd., Centrum Capital Ltd. acting as lead manager. Net proceeds will primarily be used towards Augmenting the capital base of our Subsidiary, Si Creva, to meet its future capital requirements arising out of the grow… (Rs 750 crore) and General Corporate Purpose (Rs 7 crore).
Grey market is quoting a premium of +Rs 24 (+14.0% over issue price), up Rs 19 from the previous session. Final subscription data records overall subscription at 9.49x, retail at 2.02x, QIB at 24.87x, NII at 6.57x.
On fundamentals, the company is posting revenue growth of -20.4%, a profit margin of 11.9%, return on equity of 17.7% in its most recent reported period. Listed peers in this segment include Cholamandalam Investment & Finance Company Limited (P/E 29.31x, market cap Rs 20 crore) and Bajaj Finance Limited (P/E 32.73x, market cap Rs 19 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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