Published: 27 April 2026 | 6.03 AM
Last Updated: 27 April 2026 | 12.01 PM
IPO Overview
OnEMI Technology IPO is a mainboard book-built issue worth Rs. 925.92 crore, comprising a fresh issue of Rs. 850.00 crore and an offer for sale of 44,39,788 shares aggregating to approx. Rs. 75.92 crore at the upper price band. The IPO will open for subscription on 30 April 2026 and close on 5 May 2026. The company plans to list on NSE and BSE. At the upper price band of Rs. 171, OnEMI Technology is expected to list with a strong market capitalization profile. The issue is positioned as a fast-growing digital lending and fintech play focused on India’s consumer credit expansion opportunity.
OnEMI Technology IPO GMP – Latest Update
| Particulars |
Details |
| IPO GMP Today |
To be updated |
| Kostak |
NA |
| Subject to Sauda |
NA |
| GMP Trend |
Awaited |
Note: GMP is an unofficial market indicator and should not be the sole basis for investment decisions.
OnEMI Technology IPO Subscription Status – Live Update
| Investor Category |
Subscription Status |
| QIB |
Opens Soon |
| NII |
Opens Soon |
| Retail |
Opens Soon |
| Total |
Opens Soon |
👉 | GMP | Reviews | Subscription | Allotment
IPO Details at a Glance
| Particulars |
Details |
| IPO Date |
30 April to 5 May 2026 |
| Listing Date |
8 May 2026 |
| Face Value |
Rs. 1 per share |
| Price Band |
Rs. 162 to Rs. 171 |
| Lot Size |
87 Shares |
| Issue Type |
Bookbuilding IPO |
| Sale Type |
Fresh Issue + OFS |
| Listing At |
BSE, NSE |
| Total Issue Size |
Rs. 925.92 crore |
| Fresh Issue |
Rs. 850.00 crore |
| Offer for Sale |
44,39,788 shares (Rs. 75.92 crore approx.) |
| Shareholding Pre Issue |
11,87,75,420 shares |
IPO Timetable
| Event |
Date |
| IPO Open |
Thursday, 30 April 2026 |
| IPO Close |
Tuesday, 5 May 2026 |
| Allotment Finalisation |
Wednesday, 6 May 2026 |
| Refund Initiation |
Thursday, 7 May 2026 |
| Credit of Shares |
Thursday, 7 May 2026 |
| Listing Date |
Friday, 8 May 2026 |
Reservation
| Investor Category |
Reservation |
| QIB |
Not more than 50% of Net Offer |
| Retail |
Not less than 35% of Net Offer |
| NII |
Not less than 15% of Net Offer |
Lot Size
| Application |
Lots |
Shares |
Amount |
| Retail (Min) |
1 |
87 |
Rs. 14,877 |
| Retail (Max) |
13 |
1,131 |
Rs. 1,93,401 |
| S-HNI (Min) |
14 |
1,218 |
Rs. 2,08,278 |
| S-HNI (Max) |
67 |
5,829 |
Rs. 9,96,759 |
| B-HNI (Min) |
68 |
5,916 |
Rs. 10,11,636 |
Company Details
OnEMI Technology Solutions Limited was incorporated in 2016 and operates as a technology-enabled lender in India, primarily offering digital loans through its mobile applications for various consumption and business needs.
The company operates under the brands Kissht and Ring, enabling 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 31 December 2025, the company had 63.73 million registered users and served 11.17 million customers. Its AUM stood at Rs. 5,955.75 crore.
Its product portfolio includes personal loans, loan against property, and MSME loans for business expansion and working capital needs.
| Particulars |
Details |
| Registered Office |
10th Floor, Tower 4, Equinox Park, LBS Marg, Kurla (West), Mumbai – 400070 |
| Phone |
+91 22 6947 5600 |
| Email |
compliance@kissht.com |
| Particulars |
Details |
| Book Running Lead Manager |
JM Financial Ltd. |
| Co-Lead Managers |
HSBC Securities, Nuvama Wealth, SBI Capital Markets, Centrum Capital |
| Registrar |
Kfin Technologies Ltd. |
Financials
| Particulars (Rs. Cr.) |
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 & Surplus |
1,242.32 |
995.32 |
794.50 |
556.17 |
| Total Borrowings |
2,047.52 |
1,507.58 |
784.30 |
387.89 |
Valuation
| Objects of the Issue |
Estimated Amount (Rs. Cr.) |
| Augmenting capital base of subsidiary Si Creva for future growth requirements |
637.50 |
| General Corporate Purposes |
Balance Amount |
| Total |
637.50 + GCP |
| KPI |
Dec 31, 2025 |
Mar 31, 2025 |
| ROE |
23.51% |
17.74% |
| Debt/Equity |
1.63 |
1.50 |
| RoNW |
21.18% |
15.97% |
| Particulars |
Pre IPO |
Post IPO |
| EPS (Rs.) |
13.52 |
To be updated |
| Promoter Holding |
35.18% |
To be updated |
Chanakya View
OnEMI Technology IPO comes from a structurally attractive fintech and digital lending space where formal consumer credit penetration is rising rapidly. The company has built strong brands in Kissht and Ring, backed by a large customer base and scalable technology platform.
Financially, the company has demonstrated healthy profitability and balance sheet growth. Strong user acquisition, diversified funding sources and risk management systems are positives.
However, investors should remember that digital lending businesses remain exposed to credit cycle risks, regulatory changes, borrowing cost volatility and competitive pressure.
| Parameter |
Chanakya View |
| Business Model |
Strong digital lending franchise |
| Financial Trend |
Positive |
| Industry Opportunity |
High |
| Valuation |
Awaiting final post-issue metrics |
| Risk Level |
Moderate to High |
| Listing Appeal |
Good |
| Long-Term Appeal |
Positive |
Chanakya View: OnEMI Technology IPO appears to be a Subscribe for Listing Gain + Consider for Long Term category issue, subject to market conditions and final valuation comfort.
