OnEMI Technology Solutions IPO
Open MainLineCurrent GMP
₹18 (+10.53%)
Price Band
₹ 162 – 171
Lot Size
87
Issue Size
₹926 Cr
Minimum Investment
₹14877 (87 Shares)
Listing Date
08 May 2026
Subscription
9.5x
About the Company
Incorporated on 18 June 2016, OnEMI Technology Solutions Private Limited is a technology-enabled lending platform in India that provides digital credit solutions to consumers and businesses. The company offers instant digital loans through its mobile applications to address a wide range of consumption and business financing needs.
OnEMI operates under two major consumer-facing brands:
- Kissht – a digital lending platform that offers personal loans and EMI-based credit solutions.
- Ring – a payments and credit app that allows users to make transactions and access credit conveniently.
Through these platforms, the company enables both online and offline merchants to offer customers seamless consumer credit and EMI-based payment options, helping improve affordability and purchasing power.
Loan disbursement, KYC verification, and EMI collections are managed by its NBFC partner, Si Creva Capital Services, ensuring regulatory compliance and efficient loan processing.
User Base and Performance
As of 31 March 2025, OnEMI had:
- 53.23 million registered users
- 9.16 million active customers served
Its mobile application has achieved a 4.6-star rating on the Google Play Store, based on over 1 million user reviews, and maintains a Net Promoter Score (NPS) of 91, reflecting strong customer satisfaction.
Products and Services
1. Personal Loans
The company provides personal loans to salaried and self-employed individuals for a variety of needs, including personal consumption, emergencies, and small business requirements.
2. Loan Against Property (LAP)
This product is designed for MSMEs and salaried individuals who own property, offering long-term financing to support business expansion, working capital requirements, and other financial needs.
Workforce
As of 31 March 2025, the company had 1,278 permanent employees, supporting its operations, technology development, customer service, and partner ecosystem.
Promoters
- Ranvir Singh
- Krishnan Vishwanathan
Promoters Holding
Holding Pre Issue
32.30%
Holding Post Issue
23.33%
Objects of the Issue
The Company OnEMI Technology IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Augmenting the capital base of our Subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of our Subsidiary, Si Creva’s, business
- General corporate purposes
Address / Contact Info
OnEMI Technology Solutions Ltd.
10 th Floor,Tower 4,
Equinox Park, LBS Marg, Kurla (West),
Mumbai, Maharashtra, 400070
Phone: +91 22 6947 5600
Email: compliance@kissht.com
Website: http://www.kissht.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 30 April 2026
IPO Close Date
Tuesday, 05 May 2026
Basis of Allotment
Wednesday, 06 May 2026
Initiation of Refunds
Thursday, 07 May 2026
Credit of Shares to Demat
Thursday, 07 May 2026
Listing Date
Friday, 08 May 2026 — NSE & BSE
Important Dates
Open Date
30 April 2026
Close Date
05 May 2026
Basis Of Allotment
06 May 2026
Listing Date
08 May 2026
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 3568.78 | 2701.1 | 1796.53 | 1275.2 |
| Revenue | 1583.93 | 1352.69 | 1700.3 | 1001.51 |
| Profit After Tax | 199.27 | 160.62 | 197.29 | 27.67 |
| Net Worth | 1254.34 | 1005.99 | 804.57 | 566.23 |
| Reserve & Surplus | 1242.32 | 995.32 | 794.5 | 556.17 |
| Total Borrowings | 2047.52 | 1507.58 | 784.3 | 387.89 |
EPS Pre
13.52%
EPS Post
15.77%
P/E Pre
12.65
P/E (Post Issue)
10.84x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 23.51 | 17.74 | 28.78 | 6.93 |
| ROCE % | 0 | 0 | 0 | 0 |
| Debt / Equity | 1.63 | 1.5 | 0.97 | 0.69 |
| RoNW % | 21.18 | 15.97 | 24.52 | 4.89 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 0 | 0 | 0 | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 11307787 | 28.44 | 0 |
| Non-Institutional | 8536339 | 21.47 | 0 |
| BNII | 5690893 | 14.31 | 0 |
| SNII | 2845446 | 7.16 | 0 |
| Retail Investors | 19918124 | 50.09 | 0 |
| Total | 39762250 | 100 | 0 |
Subscription Status ( Tue, 05 May 26 01:28 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 11307787 | 281222802 | 24.87x |
| Non-Institutional | 8536339 | 56084202 | 6.57x |
| BNII | 5690893 | 46523685 | 8.18x |
| SNII | 2845446 | 9560517 | 3.36x |
| Retail Investors | 19918124 | 40364172 | 2.03x |
| Total | 39762250 | 377671176 | 9.5x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| OnEMI Technology Solutions Ltd | 1 | 0.00 | 33.09 | 12.79 | 0.00 | 187.58 |
| Bajaj Finance Ltd | 1 | 34.36 | 26.89 | 26.82 | 0.00 | 155.60 |
| Cholamandalam Investment & Finance Company Ltd | 2 | 30.99 | 50.72 | 50.60 | 0.00 | 281.45 |
| HDB Financial Services Ltd | 10 | 24.70 | 27.40 | 27.32 | 0.00 | 198.80 |
| SBI Cards & Payment Services Ltd | 10 | 33.28 | 20.15 | 20.14 | 0.00 | 144.86 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 87 | 14,877.00 |
| Retail (Max) | 13 | 1,131 | 193,401.00 |
| S-HNI (Min) | 14 | 1,218 | 208,278.00 |
| S-HNI (Max) | 67 | 5,829 | 996,759.00 |
| B-HNI (Min) | 68 | 5,916 | 1,011,636.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- JM Financial Limited
- SBI Capital Markets Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- Nuvama Wealth Management Limited
- Centrum Capital Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
OnEMI Technology Solutions IPO is a Book-building IPO worth ₹926 crores. The price band is ₹162 to 171 per share. The IPO opens on Thu, Apr 30, 2026 and closes on Tue, May 5, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The OnEMI Technology Solutions IPO opens on Thu, Apr 30, 2026 and closes on Tue, May 5, 2026
OnEMI Technology Solutions IPO Price Band is ₹162 to 171.
OnEMI Technology Solutions IPO lot size is 87, and the minimum amount required for application is ₹14877.
The minimum investment for OnEMI Technology Solutions IPO is approximately ₹14877 based on the upper price band.
To apply for the OnEMI Technology Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, May 5, 2026. After submission, funds are blocked until the basis of allotment of OnEMI Technology Solutions IPO is finalised.
OnEMI Technology Solutions IPO issue size is ₹926 crores.
OnEMI Technology Solutions IPO allotment date is Sat, Jun 27, 2026.
The registrar for OnEMI Technology Solutions IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to OnEMI Technology Solutions IPO through their official website or helpline.
The OnEMI Technology Solutions IPO GMP (Grey Market Premium) is ₹18 as of Fri, May 8, 2026. Based on the upper price band of ₹171 per share, the estimated OnEMI Technology Solutions IPO listing price is ₹189, indicating a potential listing gain of approximately 31% over the issue price.