Shares of OnEMI Technology Solutions, the parent company of lending tech platform Kissht, closed their first trading session on Indian stock exchanges more than 20% above the issue price. This successful debut underscores robust market interest in fintech firms focused on digital lending.
- Shares closed about 22% above issue price on debut
- IPO oversubscribed 9.5 times signaling strong demand
- Company valued at around ₹3,500 Cr post-listing
What happened
OnEMI Technology Solutions, parent of lending technology startup Kissht, saw its shares debut on India’s BSE and NSE stock exchanges with substantial premiums to the issue price. The IPO shares listed at ₹191 on BSE and ₹190 on NSE, representing an 11-12% premium at opening. Following trading, the stock price continued higher, closing at ₹208.4 on the BSE and ₹209.02 on the NSE, approximately 22% above the IPO price of ₹171.
The company’s market capitalization reached roughly ₹3,511.2 crore ($370.7 million) at session close. The offer included a fresh issue worth ₹850 crore and an offer-for-sale (OFS) of nearly ₹76 crore. The IPO was significantly oversubscribed, nearly 9.5 times, showing strong appetite from retail and institutional investors. Anchor investors also committed ₹278 crore prior to listing.
Why it matters
This listing marks Kissht as the sixth new-age tech company to go public in India in 2026, highlighting the expansion of fintech firms accessing capital markets. Kissht’s strong market debut reflects investor confidence in digital lending platforms that offer convenient, minimal-documentation personal and business loans. Its diversified revenue from interest, commissions, and insurance services positions it well for future growth.
The successful IPO also demonstrates robust demand for equity in companies that leverage technology to disrupt traditional financial services in India’s vast lending market. Despite a modest decline in reported profits in the prior fiscal year, the company’s strong nine-month FY26 earnings show ongoing operational momentum and market traction.
What to watch next
Market participants will track Kissht’s post-listing performance closely as it navigates scaling its loan book and expanding insurance offerings. Monitoring quarterly earnings and revenue breakdowns will be essential to assess how well Kissht capitalizes on growing digital lending demand amid competitive pressures from other fintech and traditional lenders.
Additionally, investor interest in other fintech IPOs this year may be influenced by Kissht’s market reception. Industry observers will also watch how regulatory developments and macroeconomic factors in India impact credit growth and fintech valuations going forward.