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OnEMI Technology Solutions (KISSHT) IPO Review

OnEMI Technology Solutions (KISSHT) IPO has been reviewed by 17 analysts, and the overall consensus is Apply — carrying a score of 78. Out of the 17 analysts who have covered this IPO, 11 recommend subscribing while 6 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹162 - 171 per share, with a minimum application size of 87 shares (minimum investment of approximately ₹14,877 at the upper band). Subscription ran from 30 Apr 2026 to 05 May 2026. The issue size is ₹926 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for OnEMI Technology Solutions (KISSHT) IPO is quoting at ₹27 (16%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
78/ 100
Apply 11 of 17 recommend subscribing
How analysts voted
Apply 11
Neutral 4
Avoid 2
Not rated 5

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

OnEMI Technology Solutions, which operates the Kissht lending platform, was incorporated in Mumbai in 2016. Revenue was ₹1,352.69 crore in FY25 and ₹1,583.93 crore for the nine months to December 2025, at an operating margin above 30 percent. Eleven of the twenty-two analysts said subscribe, four stayed neutral and two said avoid.

Listing gains

At the upper price band of ₹171, the IPO looks reasonably priced with a P/E of 19.06x and P/B of 0.91x, which is cheaper than bigger listed players like Bajaj Finance. This attractive valuation, along with strong asset quality and a good provision coverage ratio, gives decent chances of listing gains.

Short-term strategy

In the short term, OnEMI’s strong technology platform, AI-based underwriting, and fast loan disbursal system can support business growth. The company has also reported a healthy EBITDA margin of 31.31% in 9M FY26. But since most of its loan book is unsecured personal loans, any RBI rule changes or economic slowdown can quickly impact performance. So, short-term investors may see both growth potential and volatility.

Long-term strategy

For long-term investors, OnEMI has strong growth potential as India’s mass-market digital credit demand is expected to rise sharply in the coming years. Its large customer base and technology-driven model can help it expand further. However, the company will need to manage its contingent liabilities, improve cash flows, and maintain low NPAs as it grows. If management handles these risks well, the business can create long-term value, but it remains a higher-risk bet compared to traditional lenders.

How this is written: an AI-assisted summary of the 22 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for OnEMI Technology Solutions (KISSHT) IPO?

The analyst consensus for OnEMI Technology Solutions (KISSHT) IPO tracked on this page is Apply, with a score of 78/100. Out of 17 analysts who have reviewed this IPO, 11 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 78 mean for OnEMI Technology Solutions (KISSHT) IPO?

The score of 78 is an aggregate of all analyst ratings tracked for OnEMI Technology Solutions (KISSHT) IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

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% (₹19 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of OnEMI Technology Solutions (KISSHT) IPO?

OnEMI Technology Solutions (KISSHT) IPO was priced at ₹162 - 171 per share. The minimum lot size is 87 shares, making the minimum investment approximately ₹14,877 at the upper end of the price band. Subscription ran from 30 Apr 2026 to 05 May 2026.

Explore OnEMI Technology Solutions (KISSHT) IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

OnEMI Technology Solutions (KISSHT) IPO review

A verdict is an opinion, not a guarantee.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Apply
Score
78 / 100
Listed at
₹190
Full IPO details