OnEMI Technology Solutions IPO, valued at ₹925.92 crores, is a book-built mainboard issue. The issue combines 4,97,07,602 fresh shares and 44,39,788 shares as offer-for-sale aggregating to ₹850.00 crores and ₹75.92 crores, respectively.
OnEMI Technology IPO bidding opens 30 April 2026 onwards and continues till 5 May 2026. The IPO shares allotment is tentatively expected on 6 May 2026. OnEMI Technology IPO shares listing is tentatively fixed as on 8 May 2026 on NSE and BSE.
OnEMI Technology IPO is set within a band of ₹162/share to ₹171/share. One lot of the IPO includes 87 shares, and the individual investor (retail) shall apply for a minimum 1 lot that aggregates to ₹14,877, based on the upper value of the price band.
Details of the OnEMI Technology Solutions IPO
Here is a brief summary of the IPO structure and key data points:
| IPO Open | 30 April 2026 |
| IPO Close | 5 May 2026 |
| Face value | ₹1/share |
| Price Band | ₹162/share to ₹171/share |
| Issue price | – |
| IPO Lot Size | 87 shares |
| Offer-for-sale | 4,439,788 Shares (₹75.92 crore) |
| Fresh issue | 4,97,07,602 Shares (₹850.00 crore) |
| Issue Type | Book-built/Mainboard IPO |
| Listing | NSE & BSE |
| Total Issue Size (₹ Crore) | ₹926.00 crore (5,41,47,390 Shares) |
| Minimum Retail Investment | ₹14,877 (1 lot) |
Timeline of the OnEMI Technology Solutions IPO
Here is the OnEMI Technology Solutions IPO timeline that outlines the key events from subscription to listing:
| Bid Open Date | 30 April 2026 |
| Bid Close Date | 5 May 2026 |
| Allotment | 6 May 2026 |
| Refunds Initiated | 7 May 2026 |
| Share Credit Date | 7 May 2026 |
| Listing | 8 May 2026 |
| UPI mandate Cut-off time | 5 May 2026 (05:00 PM) |
OnEMI Technology Solutions Limited–Key Performance Indicators (KPIs)
The company’s financial efficiency indicators are outlined below.
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 17.74 | 28.78 | 6.93 |
| ROCE (%) | – | – | – |
| Debt-Equity Ratio (in times) | 1.5 | 0.97 | 0.69 |
| RoNW (%) | 15.97 | 24.52 | 4.89 |
| PAT Margin (%) | – | – | – |
| EBITDA Margin (%) | – | – | – |
| Price-Book Value | 0.91 | – | – |
OnEMI Technology Solutions Ltd–Financial Information
| 2025 | 2024 | 2023 | |
| Revenue | 1,337.47 | 1,674.45 | 984.46 |
| Assets | 2,701.10 | 1,796.53 | 1,275.20 |
| Profit After Tax | 160.62 | 197.29 | 27.67 |
(Amount in ₹ Crore)
OnEMI Technology Solutions IPO–Subscription Status
Subscription Data Unavailable!
Note: Applications can be submitted between 10 AM and 5 PM on the days the issue is available for subscription.
OnEMI Technology Solutions IPO–Grey Premium Market (GMP)
As of 28 April 2026, OnEMI Technology Solutions IPO GMP is ₹7.50 (latest updated 10:29 AM). Given the upper price level of ₹171, the anticipated listing price is ₹178.5, pointing to a possible 4.39% upside per share.
To track daily GMP movements and listing outlook, visit this section:
| Date | GMP (₹) | Est. Listing Price | Est. Listing Profit | Trend | Last Updated |
| 28 April 2026 | ₹7.50 | ₹178.50 | ₹652.00(4.39%) | – | 28/04/2026 (10:29 AM) |
| 27 April 2026 | ₹7.50 | ₹178.50 | ₹652.00(4.39%) | ⬆️Up | 27/04/2026 (11:32 PM) |
| 26 April 2026 | ₹0.00 | ₹ | (0.00%) | – |
Note: GMP is indicative in nature and can fluctuate with subscription trends, investor interest, and market movements.
OnEMI Technology Solutions IPO–Reservation
The distribution of shares across investor categories is mentioned below.
| Investor Category | % of Shares Offered |
| QIBs | Maximum 50% |
| NIIs | Minimum 15% |
| Individual Investor | Minimum 35% |
| Total | 100% |
OnEMI Technology Solutions IPO–Lot Size
Here is the minimum application size and investment thresholds for the OnEMI Technology Solutions IPO:
| Application | Lot Size | Shares | Amount |
| Individual Investors Minimum Application | 1 | 87 | ₹14,877 |
| Individual Investors Maximum Application | 13 | 1,131 | ₹1,93,401 |
| S-HNI Minimum Application | 14 | 1,218 | ₹2,08,278 |
| S-HNI Maximum Application | 67 | 5,829 | ₹9,96,759 |
| B-HNI Minimum Application | 68 | 5,916 | ₹10,11,636 |
OnEMI Technology Solutions IPO–Anchor Investors Details
The details of anchor investor participation in the OnEMI Technology Solutions IPO are mentioned below:
| Bidding Opens On | 29 April 2026 |
OnEMI Technology Solutions IPO–Prospectus
The offer documents, including the Draft Red Herring Prospectus and Red Herring Prospectus, are provided below for further reference.
About OnEMI Technology Solutions Limited
Incorporated on 18 June 2016, OnEMI Technology Solutions Limited owns and operates the Kissht platform and functions as a technology-driven lender in India. It primarily offers digital credit through its mobile application, fulfilling both personal consumption and business financing needs.
The company operates under the leadership of Ranvir Singh, who is the Chairman, CEO, and Executive Director. It focuses on delivering fast, accessible, and tailored credit solutions, supporting customers across different stages of their financial journey.
As of 31 December 2025, the platform’s user base reached 63.73 million registered users, with 11.17 million customers served. The company also achieved an NPS reading of 95.
| Name | |
| Book Running Lead Managers (BRLM) | JM Financial Ltd |
| HSBC Securities and Capital Markets (India) Pvt Ltd | |
| Nuvama Wealth Management Ltd | |
| SBI Capital Markets Ltd | |
| Centrum Broking Ltd | |
| IPO Registrar | KFin Technologies Ltd |
Objectives of OnEMI Technology Solutions
The company intends to utilise the IPO proceeds for the following key purposes:
| Details | Amount (in ₹ lakhs) |
| Capital infusion into subsidiary Si Creva for business growth | 637.50 |
| Corporate requirements | – |
OnEMI Technology Solutions Limited–Strengths
- Diversified customer acquisition: The company has built a large customer base by using multiple channels to reach and onboard users effectively.
- Strong risk management: The company focuses on maintaining asset quality by using advanced and well-rounded risk management practices.
- Multiple funding sources: The company has access to a wide range of funding options, which support its growth and ensure financial flexibility.
- Advanced technology platform: The company operates on a scalable, cloud-based platform powered by AI, which is integrated across all major business functions.
OnEMI Technology Solutions Limited–Risks
- High reliance on unsecured loans: The AUM is significantly composed of unsecured loans, which elevates overall business risk.
- Negative operating cash flows: The company, along with its subsidiary, has experienced operating cash deficits in recent periods.
- System reliability risks: Any failure or disruption in the platform may adversely impact business operations and performance.
- Uncertainty on fund usage: Any change in the use of net proceeds requires shareholder approval and regulatory compliance.
OnEMI Technology Solutions IPO–Review
OnEMI Technology Solutions IPO presents a mix of scale and caution. The company draws strength from its extensive user base, supported by a strong technology framework and diversified funding access.
However, high dependence on unsecured lending and past cash outflows add risk. The modest GMP indicates limited near-term listing upside. Overall, the IPO presents a balanced profile, making it suitable for investors willing to take moderate risk.
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OnEMI Technology Solutions IPO FAQs
OnEMI Technology Solutions IPO is a book-built mainboard public issue worth ₹925.92 crore. It includes a fresh issue of ₹850 crore and an offer-for-sale of ₹75.92 crore. The company offers digital lending services through its Kissht platform.
You can apply for the OnEMI Technology Solutions IPO through ASBA via your bank account or through a broker using UPI. Applications can be submitted between 10 AM and 5 PM during the subscription period.
The IPO reflects a balanced profile. While the company has a strong user base and technology platform, risks such as unsecured lending exposure and negative cash flows remain. It may suit investors who are comfortable with moderate risk and a long-term view.
Based on the latest GMP of ₹7.5, as of 28 April 2026, the estimated listing price is around ₹178.5 against the upper band of ₹171. This suggests a potential gain of about 4.39%, indicating limited but positive listing expectations.
OnEMI Technology Solutions IPO will open for subscription on 30 April 2026 and close on 5 May 2026. Investors can place bids during this period within the specified price band.
The lot size for the OnEMI Technology Solutions IPO is 87 shares. Retail investors need a minimum investment of ₹14,877 for one lot, calculated at the upper price band.
The allotment for the OnEMI Technology Solutions IPO is expected to be finalised on 6 May 2026. Investors can check their allotment status through the registrar’s website or their broker platform.
The shares of OnEMI Technology Solutions IPO are tentatively scheduled to list on 8 May 2026, on both NSE and BSE, subject to completion of all regulatory and procedural requirements.
