OnEMI, company behind Kissht, lists on Friday, shares at ₹210.80
Business
OnEMI Technology Solutions, the company behind the Kissht digital lending app, made a splashy entry into the stock market this Friday.
Shares started trading at ₹190-191, already up over 11% from their IPO price, and quickly jumped to ₹210.80 as investors rushed in.
OnEMI ₹926cr IPO oversubscribed 9.5 times
The ₹926 crore IPO was a hot ticket, getting oversubscribed 9.5 times overall. Big institutional investors were especially keen, subscribing nearly 25 times their quota.
Ahead of the listing, OnEMI also raised ₹278 crore from anchor investors.
Founded in 2016, OnEMI is focused on making digital credit more accessible for young and mass-market users.