Kissht, a digital-lending platform, made a notable stock market debut on Friday, with shares of its parent company, OnEMI Technology Solutions, listing at ₹191, about 12% higher than its IPO price of ₹171. During morning trading, the stock surged further to around ₹210, valuing the company at approximately ₹3,532 crore. The IPO was met with enthusiastic demand, being oversubscribed more than nine times, particularly by institutional investors, with the qualified institutional buyer portion subscribed nearly 25 times. Kissht raised a total of ₹926 crore through the IPO, which included a fresh issue of ₹850 crore and an offer for sale of ₹76 crore. Founded in 2016 by Ranvir Singh and Krishnan Vishwanathan, Kissht aims to provide formal credit access to India's underserved middle-income borrowers. The company's assets under management (AUM) have grown significantly, from ₹1,268 crore in FY23 to ₹5,956 crore in 9MFY26, reflecting a compound annual growth rate (CAGR) of about 80%. As of December 31, 2025, Kissht had served over 11 million customers, primarily through a mobile-first platform. The company is poised to capitalize on India's expanding retail credit market, estimated to reach ₹77.4 lakh crore by FY30, with digital lending growing at a CAGR of 48%. The funds raised from the IPO will support the growth of its lending subsidiary, SiCreva, as it navigates a competitive landscape.