IPO Listed — 08 May 2026
Listing Price: ₹190
OnEMI Technology Solutions (KISSHT) IPO GMP History | Listing Price ₹190 & Kostak Rate
OnEMI Technology Solutions (KISSHT) IPO has been listed on May 8, 2026 at a listing price of ₹190, against the issue price of ₹171 — a gain of ₹19 (+11.11%). The GMP peaked at ₹30 on 6 May 2026 and reached a low of ₹1.5 on 4 May 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
OnEMI Technology Solutions (KISSHT) IPO raised ₹926 Cr. through its IPO at a price band of ₹162 to ₹171 per share, with a lot size of 87 shares. The IPO was open for subscription from 30 Apr 2026 to 05 May 2026.
Table of Contents
- OnEMI Technology Solutions (KISSHT) IPO GMP Today
- OnEMI Technology Solutions (KISSHT) IPO GMP Trend History
- OnEMI Technology Solutions (KISSHT) IPO Dates
- Actual Listing Price
- Is OnEMI Technology Solutions (KISSHT) IPO GMP Reliable?
- Kostak Rate Explained
- About OnEMI Technology Solutions (KISSHT) IPO
- Frequently Asked Questions
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 07 May 2026 | ₹ 27 | 16% | ₹ 1650 | ₹ 1700 | |
| 06 May 2026 | ₹ 30 | 18% | ₹ 0 | ₹ 0 | |
| 05 May 2026 | ₹ 10 | 6% | ₹ 0 | ₹ 0 | |
| 04 May 2026 | ₹ 1.5 | 1% | ₹ 0 | ₹ 0 | |
| 03 May 2026 | ₹ 4 | 2% | ₹ 280 | ₹ 300 | |
| 02 May 2026 | ₹ 3.6 | 2% | ₹ 250 | ₹ 300 | |
| 01 May 2026 | ₹ 3.5 | 2% | ₹ 250 | ₹ 300 | |
| 30 Apr 2026 | ₹ 4.5 | 3% | ₹ 250 | ₹ 300 | |
| 29 Apr 2026 | ₹ 5 | 3% | ₹ 250 | ₹ 300 | |
| 28 Apr 2026 | ₹ 4 | 2% | ₹ 0 | ₹ 0 | |
| 27 Apr 2026 | ₹ 6 | 4% | ₹ 0 | ₹ 0 |
OnEMI Technology Solutions (KISSHT) IPO Dates
| Event | Date |
|---|---|
| Open Date | 30 Apr, 2026 |
| Close Date | 05 May, 2026 |
| Allotment Date | 06 May, 2026 |
| Refund Date | 07 May, 2026 |
| Credit to Demat | 07 May, 2026 |
| Listing Date | 08 May, 2026 |
OnEMI Technology Solutions (KISSHT) IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹171 |
| GMP-Based Estimate (Pre-Listing) | ₹198 (+15.8%) |
| Actual Listing Price | ₹190 (+11.11%) |
| Listing Gain / Loss | +₹19 per share |
| Listing Date | 08 May, 2026 |
Is OnEMI Technology Solutions (KISSHT) IPO GMP Reliable?
Grey market premium for OnEMI Technology Solutions (KISSHT) IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the OnEMI Technology Solutions (KISSHT) IPO full review for a fundamentals-based assessment before making any grey market trades.
OnEMI Technology Solutions (KISSHT) IPO IPO Kostak Rate Explained
The Kostak rate for OnEMI Technology Solutions (KISSHT) IPO was Retail: ₹1650, SHNI: ₹6760, BHNI: ₹23140. This is the fixed amount a grey market buyer pays for your IPO application — regardless of whether you receive allotment.
The Subject to Sauda price was Retail: ₹1700, SHNI: ₹23800, BHNI: ₹. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About OnEMI Technology Solutions (KISSHT) IPO
The company operates under two key brands — Kissht, a digital lending platform offering instant personal loans, small business loans, and Loan Against Property (LAP); and Ring, a payments and credit app enabling EMI-based purchases. Its business model combines a hybrid lending approach — own-book lending alongside its NBFC partner, Si Creva Capital Services, which handles loan disbursement, KYC, and EMI collections. Leveraging AI-driven credit scoring, alternative data analytics, and an API-first mobile architecture, OnEMI embeds credit solutions across online and offline merchant ecosystems, making it a key player in India's fast-growing embedded finance space.
Strengths & Risks
Strengths
- ✓ Large and diversified customer base driven by a multi-channel acquisition strategy that has helped acquire 63.73 million registered users and serve 11.17 million customers as of December 31, 2025
- ✓ Advanced and comprehensive risk management utilizing AI and ML algorithms that analyze over 400 data variables for accurate credit decisions and fraud detection
- ✓ Access to diversified and scalable funding sources supported by a balanced mix of on-book and off-book lending through 47 different lenders
- ✓ Consistent track record of financial performance and profitability, demonstrated by a 79.53% CAGR in AUM and a 140.95% CAGR in profit after tax from Fiscal 2023 to Fiscal 2025
- ✓ Scalable, cloud-native technology platform integrated across all functions, supporting a 99.99% uptime and rapid loan processing
- ✓ Experienced founders and leadership with over 15 years of experience in financial services, backed by marquee investors
Risks
- ⚠ High concentration in unsecured personal loans, which make up 94.23% of the company's total AUM and carry an inherently higher credit risk than secured lending
- ⚠ Vulnerability to borrower default since the company primarily targets young individuals in the mass market segment who may be economically less stable
- ⚠ Heavy reliance on third-party software and cloud infrastructure (such as AWS), where any service interruptions could significantly disrupt business operations
- ⚠ Dependence on the accuracy of customer information and alternative data; relying on misleading or incomplete data can negatively affect credit assessments and financial health
- ⚠ Significant geographic concentration with 35.00% and 26.47% of its AUM originating from the southern and western regions of India, making it susceptible to regional adverse developments
- ⚠ Strict regulatory compliance requirements and heavy dependence on its wholly-owned RBI-regulated NBFC subsidiary, Si Creva, for all its on-book loan originations
Frequently Asked Questions about OnEMI Technology Solutions (KISSHT) IPO
What is the GMP of OnEMI Technology Solutions (KISSHT) IPO?
The current Grey Market Premium (GMP) of OnEMI Technology Solutions (KISSHT) IPO is ₹ 27.
What is the Kostak Price of OnEMI Technology Solutions (KISSHT) IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for OnEMI Technology Solutions (KISSHT) IPO is : Retail: ₹ 1650, SHNI: ₹ 6760, BHNI: ₹ 23140.
What is the Subject to Sauda Price of OnEMI Technology Solutions (KISSHT) IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 1700, SHNI: ₹ 23800, BHNI: ₹ 0.
What was the actual listing price of OnEMI Technology Solutions (KISSHT) IPO?
OnEMI Technology Solutions (KISSHT) IPO listed on May 8, 2026 at ₹190, against the issue price of ₹171 — a gain of +11.11%.
How did the GMP of OnEMI Technology Solutions (KISSHT) IPO trend before listing?
The GMP of OnEMI Technology Solutions (KISSHT) IPO was falling in its final days before listing. The GMP peaked at ₹30 on 6 May 2026. View the day-wise table above for the complete GMP history.
Explore OnEMI Technology Solutions (KISSHT) IPO Further
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