Kissht Share Price: OnEMI Technology Solutions shares made a strong listing on the bourses. OnEMI Technology shares opened with a premium of around 12 per cent versus the IPO issue price of Rs 171.
OnEMI Technology Solutions operates a digital lending platform, Kissht.
Kissht share price started trading at Rs 191 on the BSE. This translates into a gain of 11.69 per cent when compared with the IPO issue price of Rs 171.
On the NSE, Kissht share price started trading at Rs 190, up 11.11 per cent.
Kissht commanded a market capitalisation of Rs 3,417.68 crore on listing, according to BSE data.
Kissht share price hit a high of Rs 227.40on the NSE. It closed at Rs 208.63, up 9.81 per cent.
Kissht IPO had received 9.50 times subscription, supported by institutional investors. Kissht's Rs 926 crore IPO was available in a price band of Rs 162 to Rs 171 per share.
Kissht IPO was a fresh issue of equity shares, worth Rs 850 crore and an OFS of 44,39,788 equity shares worth Rs 76 crore.
Kissht has said that the funds raised via fresh issue will be used to augment the capital base of its subsidiary Si Creva to meet future funding requirements, along with general corporate purposes.
Kissht was founded in 2016. It provides digital credit solutions focused on young consumers in the mass market segment.
