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OnEMI Technology Solutions IPO Details

Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |

OnEMI Technology IPO is a book build issue of ₹925.92 crores. The issue is a combination of fresh issue of 4.97 crore shares aggregating to ₹850.00 crores and offer for sale of 0.44 crore shares aggregating to ₹75.92 crores.

OnEMI Technology IPO opens for subscription on Apr 30, 2026 and closes on May 5, 2026. The allotment for the OnEMI Technology IPO is expected to be finalized on May 6, 2026. OnEMI Technology IPO will list on the NSE and BSE with a tentative listing date fixed as May 8, 2026.

OnEMI Technology IPO is set issue price band at ₹162 to ₹171 per share. The lot size for an application is 87 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,877 (87 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,218 shares), amounting to ₹2,08,278, and for bNII, it is 68 lots (5,916 shares), amounting to ₹10,11,636.

JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Refer to OnEMI Technology IPO RHP for detailed Information.

IPO Open

Thu, Apr 30, 2026

IPO Close

Tue, May 5, 2026

Price Band

₹162 to ₹171

Market Cap (Pre-IPO)

₹2,881.06 Cr

IPO Details

IPO Date

30 Apr to 5 May, 2026
Listing Date

Fri, May 8, 2026T
Face Value

₹1 per share
Price Band

₹162 to ₹171
Lot Size

87 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Total Issue Size

5,41,47,390 shares (agg. up to ₹926 Cr)
Fresh Issue

4,97,07,602 shares (agg. up to ₹850 Cr)
Offer for Sale

44,39,788 shares of ₹1 (agg. up to ₹76 Cr)
Share Holding Pre Issue

11,87,75,420 shares
Share Holding Post Issue

16,84,83,022 shares

IPO Timetable (Tentative)

GMP Date

IPO Price

GMP

Est. Listing Price

Est. Profit*

Last Updated
28-04-2026

₹171.00

₹6 ▼

₹177 (3.51%)

₹522

28-Apr-2026 15:33
27-04-2026

₹171.00

₹7.5 ▲

₹178.5 (4.39%)

₹652

27-Apr-2026 23:32
26-04-2026

₹

₹0 ─

₹ (%)

26-Apr-2026 21:50

* Estimated Profit/Loss per lot. GMP × Market Lot.

IPO Live GMP NEW Comprehensive GMP History

IPO Timetable (Tentative)

IPO Open

Thu, Apr 30, 2026
Allotment

Wed, May 6, 2026
Credit of Shares

Thu, May 7, 2026

IPO Close

Tue, May 5, 2026
Refund

Thu, May 7, 2026
Listing

Fri, May 8, 2026

Issue Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Offer
Retail Shares Offered	Not less than 35% of the Net Offer
NII Shares Offered	Not less than 15% of the Net Offer

IPO Lot Size

Investors can bid for a minimum of 87 shares and in multiples thereof.

Application	Lots	Shares	Amount
Retail (Min)	1	87	₹14,877
Retail (Max)	13	1,131	₹1,93,401
S-HNI (Min)	14	1,218	₹2,08,278
S-HNI (Max)	67	5,829	₹9,96,759
B-HNI (Min)	68	5,916	₹10,11,636

IPO Subscription Details

About OnEMI Technology Solutions Ltd.

Incorporated in 2016, OnEMI Technology Solutions Limited is a technology-enabled lender in India, primarily offering digital loans through its mobile application for various consumption and business needs.

The company operates under the brand names Kissht (digital lending platform) and Ring (payments app), OnEMI empowers online and offline merchants with seamless consumer credit solutions and EMI-based payments. Its NBFC partner, Si Creva Capital Services, handles loan disbursement, KYC, and EMI collections

As of Dec 31, 2025, the company has 63.73 million registered users and served 11.17 million customers. As of Dec 31, 2025, its AUM stood at Rs 59,557.53 million.

Its product portfolio includes personal loans (offered to salaried and self employed individuals), loan against property, and MSME loans for business expansion and working capital requirements.

Competitive Strengths:

Large customer base acquired through a diversified multi-channel acquisition strategy
Driving asset quality through advanced and comprehensive risk management
Access to diversified and scalable funding sources
Scalable, cloud-native and AI-built technology platform integrated across all key functions
Experienced founders and leadership, backed by marquee investors

Company Financials (Restated Consolidated)

Period Ended	31 Dec 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	3,568.78	2,701.10	1,796.53	1,275.20
Total Income	1,583.93	1,352.69	1,700.30	1,001.51
Profit After Tax	199.27	160.62	197.29	27.67
EBITDA	488.45	403.37	358.96	97.71
NET Worth	1,254.34	1,005.99	804.57	566.23
Reserves and Surplus	1,242.32	995.32	794.50	556.17
Total Borrowing	2,047.52	1,507.58	784.30	387.89
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Augmenting the capital base of Subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of Subsidiary, Si Crevas, business

637.50
2 General Corporate Purposes
Total

637.50

Key Performance Indicator (KPI)

KPI	Dec 31, 2025	Mar 31, 2025
ROE	23.51%	17.74%
Debt/Equity	1.63	1.50
RoNW	21.18%	15.97%
Price to Book Value		0.91

Check IPO Peer Comparison here.

Pre IPO	Post IPO
EPS (₹)	13.52	15.77
P/E (x)	12.65	10.84
Promoter Holding	32.30%	23.33%
Market Cap	₹2,881.06 Cr.

Ranvir Singh and Krishnan Vishwanathan are the promoters of the company.

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2025 available in RHP.

IPO Review

[Dilip Davda]

OTSL is engaged in digital loans through mobile applications. It marked growth in its financial performance except for FY25, where it posted de-growth. It will be perhaps the only listed entity doing digital loan business, claims the management. Around 94% of its lending is unsecured, which remains the major risk. Its litigation over Rs. 1790+ cr. as of December 31, 2025 raise concern. Based on its financial performance, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for medium to long term.

Read detail review…

OnEMI Technology IPO Recommendations

Review By	Subscribe	May Apply	Neutral	Avoid
Brokers	0	0	0	0
Members	0	0	0	0

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000
kissht.ipo@kfintech.com
Visit Website

IPO Lead Manager(s)

JM Financial Ltd. (Past IPO Performance)
HSBC Securities & Capital Markets (India) Pvt.Ltd. (Past IPO Performance)
Nuvama Wealth Management Ltd. (Past IPO Performance)
SBI Capital Markets Ltd. (Past IPO Performance)
Centrum Capital Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

OnEMI Technology Solutions Ltd. Address

10 th Floor,

Tower 4,

Equinox Park, LBS Marg, Kurla (West),

Mumbai, Maharashtra, 400070

+91 22 6947 5600
compliance@kissht.com
Visit Website

IPO FAQs

What is the OnEMI Technology IPO?

OnEMI Technology IPO is a main-board IPO of 5,41,47,390 equity shares of the face value of ₹1 aggregating up to ₹926 Crores. The issue is priced at ₹162 to ₹171. The minimum order quantity is 87.

The IPO opens on Thu, Apr 30, 2026, and closes on Tue, May 5, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in OnEMI Technology IPO through Angel One ?

Angel One customers can apply online in OnEMI Technology IPO using UPI as a payment gateway. Angel One customers can apply in OnEMI Technology IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in OnEMI Technology IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘OnEMI Technology IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Angel One IPO Application Process Review for more detail.

When OnEMI Technology IPO will open?

The OnEMI Technology IPO opens on Thu, Apr 30, 2026 and closes on Tue, May 5, 2026.

What is the lot size of OnEMI Technology IPO?

OnEMI Technology IPO lot size is 87, and the minimum amount required for application is ₹14,877.

How to apply for OnEMI Technology IPO?

You can apply in OnEMI Technology IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is OnEMI Technology IPO allotment?

The finalization of Basis of Allotment for OnEMI Technology IPO will be done on Wednesday, May 6, 2026, and the allotted shares will be credited to your demat account by Thu, May 7, 2026. Check the OnEMI Technology IPO allotment status.

When is OnEMI Technology IPO listing date ?

The OnEMI Technology IPO listing date is not yet announced. The tentative date of listing is Fri, May 8, 2026.