Kishore Biyani's Digital Lending Arm Faces Market Debut with Kishore Biyani's Kishore Biyani-backed Kissht Listing
OnEMI Technology Ltd Makes Strong Debut on National Stock Exchange
OnEMI Technology Ltd, the operator of digital lending platform Kissht, made a promising start on the National Stock Exchange (NSE) on Friday. The company listed at a share price of ₹190, representing an 11.1% premium to its initial public offering (IPO) price of ₹171.
This debut marks one of the most significant public-market tests to date of whether an app-first lender can be valued beyond the traditional unsecured credit players. With Kissht's digital lending platform, OnEMI Technology Ltd has established itself as a pioneer in the fintech space, catering to the growing demand for online lending services.
| Company | Listing Price | Premium to IPO Price |
|---|---|---|
| OnEMI Technology Ltd | ₹190 | 11.1% |
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
OnEMI Technology Ltd's successful listing on the NSE is a testament to the company's innovative approach to lending and its ability to tap into the vast potential of the digital lending market. As the fintech industry continues to evolve, OnEMI Technology Ltd's listing will be closely watched by investors and industry experts alike.
Investor Takeaway
Investors should closely monitor the performance of Kissht as it lists on the NSE.
More in Market
Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Indian Stocks to Watch: BHEL, Agarwal Industrial, JBM Auto, Rajesh Exports, Indian Energy Exchange, Lenskart Solutions in Market Focus on June 4.
