The IPO of OnEMI Technology, the company behind Kissht, is now open for investors.
If you’re planning to invest, here’s a simple and clear breakdown of everything you need to know.
IPO Details: Price, Size and Timeline
The company is raising around ₹925 crore through this IPO.
Price band: ₹162 to ₹171 per share
Issue size: ₹925.92 crore
Mix of fresh shares and offer for sale
The IPO opened today and will close on May 5.
However, bidding will pause on May 1 due to a holiday and resume on May 4.
Key dates:
Allotment: May 6
Shares in demat: May 7
Expected listing: May 8 on NSE and BSE
How Much Do You Need to Invest?
For retail investors, the entry point is relatively affordable.
Minimum investment: 1 lot (87 shares) ≈ ₹14,887
Maximum (retail): 13 lots ≈ ₹1.93 lakh
Larger investors (HNIs) need to apply for higher lot sizes, starting from 14 lots.
Grey Market Premium: What It Signals
In the unofficial market, the IPO is trading at a small premium.
GMP: Around 2–3%
Expected listing price: करीब ₹175
Keep in mind, GMP is not official and can change quickly depending on market conditions.
What Will the Company Do with the Money?
The company plans to use the funds mainly to support its lending business, especially its capital requirements.
OnEMI operates in the digital lending space and has built a strong user base with millions of customers using its platform.
Expert View: Should You Apply?
According to Anand Rathi Financial Services research team, the IPO is fairly valued and suitable for long-term investment.
Positives:
Growing digital lending platform
Large user base
Strong growth potential in India’s credit market
However, there’s a risk factor too:
Around 94% of its loan book is unsecured, which means higher risk
Final Take
This IPO offers a chance to invest in a fast-growing fintech company, but it also comes with some risk due to its unsecured lending model.
If you’re a long-term investor and comfortable with moderate risk, this could be worth considering.
But like any IPO, it’s important to evaluate your own financial goals before investing.
