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IPO ·
BSE, NSE
OnEMI Technology Solutions Ltd
Listed
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.
Issue details
Price band
₹162 – ₹171
Face value
₹1
Lot size
87 shares
Minimum investment
₹14,877
Issue size
₹925.92 Cr
Fresh issue
₹850.00 Cr
Offer for sale
₹75.92 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
30 Apr 2026
Closes
5 May 2026
UPI mandate cut-off
5:00 PM on 5 May 2026
Allotment
6 May 2026
Refunds
7 May 2026
Shares in demat
7 May 2026
Listing
8 May 2026
Subscription and listing
Subscription
7.27x
Listing price
₹190
Registrar
Kfin Technologies Ltd
Lead manager
JM Financial, HSBC Securities & Capital Markets (India), Nuvama Wealth Management, SBI Capital Markets, Centrum Capital
Subscription by category
Total
7.27x
Total applications
1,49,002
Anchor investors
Amount raised
₹277.78 Cr
Bid date
29 Apr 2026
50% lock-in ends
4 Jun 2026
Rest lock-in ends
3 Aug 2026
Listing day
Issue price
₹171
Open
₹190.00
High
₹227.40
Low
₹190.00
Day close
₹208.63
Listing gain at open
+11.11%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
2,70,73,694
50.00%
Anchor Investor Shares Offered
1,62,44,216
30.00%
QIB (Ex. Anchor) Shares Offered
1,08,29,478
20.00%
NII Shares Offered
81,22,109
15.00%
bNII > ₹10L
54,14,739
10.00%
sNII < ₹10L
27,07,370
5.00%
Retail Shares Offered
1,89,51,587
35.00%
Total Shares Offered
5,41,47,390
100.00%
Finaccle’s quick read
Avoid
FY25 income down 20%, PAT down 19%, ROE 23.51%, D/E 1.63, post-issue P/E 10.84x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
23.51%
ROCE
—
Debt / equity
1.63
PAT margin
—
P/E post issue
10.84
Market cap
₹2,881.06 Cr
Use of IPO money
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 Cr
General Corporate Purposes
₹156.59 Cr
Issue Expenses
₹60.91 Cr
Strengths
✓
ROE of 23.51%
Risks to watch
!
Revenue fell 20% in FY25
!
PAT fell 19% in FY25
!
High leverage: debt to equity 1.63
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.