About OnEMI Technology IPO
OnEMI Technology Solutions Limited (Kissht) is set to launch its IPO for public subscription on April 30, 2026, and will remain open until May 5, 2026.
The price band of the OnEMI Technology IPO is ₹162 to ₹171 per equity share. The allotment is expected to be finalised on May 6, 2026.
The IPO will be listed on both the BSE and NSE on May 8, 2026.
The issue is a ₹925.92 crore book-building issue, comprising a fresh issue of ₹850 crore and an offer for sale (OFS) of ₹75.92 crore.
Business Overview of OnEMI Technology
OnEMI Technology Solutions Limited is a fintech company operating under the brand Kissht. They offer digital lending and EMI-based financial products, with an AUM of ₹59,557.53 million and a customer base of 11.17 million active users (as of December 31, 2025).
The company provides:
- Personal loans
- EMI financing
- Merchant checkout financing
It leverages technology like data analytics, proprietary risk models, and digital distribution, along with 47+ lending partners, to provide credit access to underserved and new-to-credit customers across India.
The company operates through its NBFC arm and focuses on instant loan disbursals, flexible repayments, and embedded finance solutions, enabling scalable growth in the mass market segment.
OnEMI Technology IPO Date, Price, and Other Details
The following are the details of the upcoming IPO of the OnEMI Technology IPO.
Particulars | Details |
IPO Size | Book Build issue of ₹925.92 crore |
Offer Type | Fresh Issue of ₹850 crore and Offer for Sale (OFS) of ₹75.92 crore |
Total Number of Equity Shares | 5,41,47,390 shares (estimated) |
Price Band | ₹162 to ₹171 per share |
Issue Dates | Opens: Apr 30, 2026 Closes: May 5, 2026 |
Minimum Bid Lot | 1 lot of 87 shares |
Allotment Date | May 6, 2026 |
Listing Date | May 8, 2026 |
Face Value | ₹1 per share |
Use of Proceeds | (check "IPO objectives section below) |
Lead Managers (BRLMs) |
|
Registrar | Kfin Technologies Ltd. |
Listing Exchanges | National Stock Exchange of India (NSE) & Bombay Stock Exchange (BSE) |
OnEMI Technology IPO Reservation: Who Can Apply?
To be eligible for the Shareholder Quota of the OnEMI Technology IPO, you must hold shares in one of the following companies:
Investor Category | (%) of Shares Offered |
QIB Shares Offered | Not more than 50% |
Retail Shares Offered | Not less than 35% |
NII Shares Offered | Not less than 15% |
Strengths And Risks of OnEMI Technology IPO
With every business owning its strengths and risks, even the OnEMI Technology IPO has its potential plus points and downsides to be aware of.
Here is a brief business analysis (as per RHP) below:
Strengths
- Strong growth momentum: Revenue surged ~70% in FY24; AUM and customer base crossed 9 million+ users
- Scalable fintech model: Hybrid distribution with 47+ lending partners enables low-cost scaling.
- Large active base: 11.17 million active customers with fast loan disbursal capability.
- Diversified funding: Multiple lending partners reduce dependency; backed by credible investors like Vertex.
- Growth-focused IPO: Fresh issue aimed at expanding lending book + corporate purposes.
Risks
- Revenue volatility: ~20% decline in FY25 (₹1,674 Cr → ₹1,337 Cr) indicates cyclicality
- Highly unsecured book: 39.45% to 48.87% of AUM unsecured, increasing default risk in downturns
- Competitive pressure: Banks, NBFCs, and fintechs may compress margins
- Regulatory overhang: RBI digital lending norms could increase compliance costs
- Profit sensitivity: Relatively small profit base makes earnings vulnerable to credit losses and funding costs
Future Plans/Strategies:
- Scale customer base: Acquire quality borrowers while deepening engagement with existing users.
- Improve credit models: Enhance underwriting accuracy to reduce defaults and improve profitability.
- Leverage technology: Use ML and AI for faster decisions and better user experience.
- Boost profitability: Lower funding costs and benefit from operating leverage at scale.
- Expand product suite: Build a comprehensive platform beyond lending with new financial offerings.
- IPO Proceeds: ₹637.5 Cr fresh issue for lending pool growth and tech infra of subsidiary Si Creva.
OnEMI Technology IPO Objectives – How Will the Funds Be Used?
The Net proceeds received from OnEMI Technology IPO will be used majorly for their subsidiary Si Creva.
Purpose | Estimated Amount (₹ in crore) |
Developing the capital base of subsidiaries Si Creva & meeting its future capital requirements. | ₹6,375.00 |
General corporate purposes | Not exceed 25% of the Gross Proceeds |
How To Check the IPO Allotment Status of OnEMI Technology?
Here's how you can check your IPO allotment status for the OnEMI Technology IPO:
- Visit the IPO allotment portal: https://ipostatus.kfintech.com/
- Select "OnEMI Technology" from the company dropdown.
- Enter any of these details - PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click on "Submit" button to view your IPO allotment status.
Promoter Shareholding of OnEMI Technology IPO
Almost ~32% ownership of OnEMI technology solutions remains with two promotors: Ranvir Singh and Krishnan Vishwananthan.
Here’s a breakdown of the shareholding pattern:
Promoter | Shareholding (Pre-Issue) | Total Shares |
Ranvir Singh | 18.78% | 24,291,232 |
Krishnan Vishwanathan | 13.52% | 17,493,894 |
Total | 32.30% | 41,785,126 Equity Shares |
Financial Performance (₹ in crores) of OnEMI Technology IPO
Here's the table outlining the financial performance of OnEMI Technology Solutions from FY 2023 to FY 2025, and as of Dec 31, 2025.
(₹ in crores)
Period Ended | Dec 31, 2025 | FY25 | FY24 | FY23 |
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 & Surplus | 1,146.52 | 898.17 | 702.75 | 468.90 |
Key Performance Metrics of OnEMI Technology
Based on the annualized returns for FY 2024-25 and quarterly results as of Dec 31, 2025, the following performance metrics of OnEMI Technology Solutions Ltd can be considered.
KPI | As of Dec 31, 2025 | Values (as of FY 2024-25) |
Return on Equity (ROE) | 23.51% | 17.74% |
Net Asset Value (NAV) | ₹231.84 | ₹187.58 |
Price/Earnings (P/E) Ratio | - | |
Earnings Per Share (EPS) | 15.16 | 12.79 |
EBITDA Margin (%) | ~30.8% | 29.8% |
PAT Margin (%) | ~12.6% | ~11.9% |
Debt to Equity Ratio | 1.63 | 1.50 |
(Note: Metrics like P/E and market capitalisation are unavailable as of RHP.)
Registrar Of OnEMI Technology IPO
The Registrar of OnEMI Technology IPO is Kfin Technolgies Ltd.
Phone: 04067162222, 04079611000
Email: kissht.ipo@kfintech.com
Website link: https://www.kfintech.com
Lead Manager Of OnEMI Technology IPO
In total, 5 lead managers are handling the IPO process of OnEMI Technology Solutions namely;
- JM Financial Ltd
- HSBC Securities & Capital Markets (India) Pvt.Ltd.
- Nuvama Wealth Management Ltd.
- SBI Capital Markets Ltd.
- Centrum Capital Ltd.
