OnEMI Technology Solutions IPO
Bookbuilding IPO | ₹926.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Thu, Apr 30, 2026
IPO Close
Tue, May 05, 2026
Price Band
₹162.00 to ₹171.00
Market Cap (Pre-IPO)
₹2,881.06 Cr
IPO Details
| IPO Date | Apr 30, 2026 to May 05, 2026 |
| Listing Date | Tentative: May 08, 2026 |
| Face Value | ₹1.00 per share |
| Price Band | ₹162.00 to ₹171.00 |
| Lot Size | 87 Shares (Minimum: ₹14,877.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹926.00 Crores |
| Total Shares Offered | 54,147,390 shares |
| Fresh Issue | 49,707,602 shares |
| Offer For Sale | 4,439,788 shares |
OnEMI Technology Solutions IPO 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 |
OnEMI Technology Solutions 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 | ₹193,401 |
| S-HNI (Min) | 14 | 1,218 | ₹208,278 |
| S-HNI (Max) | 67 | 5,829 | ₹996,759 |
| B-HNI (Min) | 68 | 5,916 | ₹1,011,636 |
OnEMI Technology Solutions Financial Information (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 ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 17.74% |
| Debt/Equity | 1.50 |
| RoNW (Return on Net Worth) | 15.97% |
| Price to Book Value | 0.91 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 13.52 | 15.77 |
| P/E (x) | 12.65 | 10.84 |
| Promoter Holding | 32.30% | 23.33% |
Company Promoters
- Ranvir Singh and Krishnan Vishwanathan are the promoters of the company.
Company Overview
OnEMI Technology Solutions – Company Overview
- Incorporated in 2016, OnEMI Technology Solutions Limited is a technology-enabled lending platform providing digital credit and EMI-based payment solutions in India.
Core Segments
- Digital Lending: Personal loans, MSME loans, and loan against property
- Payments & Credit Platform: EMI-based payments for online and offline merchants
- The company operates under the brands “Kissht” (lending platform) and “Ring” (payments app), offering seamless credit access to consumers.
- Loan processing activities such as disbursement, KYC, and collections are handled through its NBFC partner Si Creva Capital Services.
- It enables merchants and businesses with integrated credit solutions, improving affordability and boosting sales.
- As of December 31, 2025, the company had 63.73 million registered users and served 11.17 million customers, with an AUM of ₹59,557.53 million.
- The company focuses on digital-first lending, financial inclusion, and scalable fintech solutions.
Use of Proceeds
| 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 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
OnEMI Technology Solutions IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| OnEMI Technology Solutions LTD | 33.09 | 12.79 | 187.58 | - | - | - | - |
| Bajaj Finance Limited | 26.89 | 26.82 | 155.60 | 34.36 | - | 5.94 | - |
| Cholamandalam Investment And Finance Company Limited | 50.72 | 50.60 | 281.45 | 30.99 | - | 5.58 | - |
| Sbi Cards And Payment Services Limited | 20.15 | 20.14 | 144.86 | 33.28 | - | 4.65 | - |
Quick Info
| Sector | Financial Technology (Fintech) and Digital Lending |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹2,881.06 Cr |
Important Dates
| IPO Open | Apr 30, 2026 |
| IPO Close | May 05, 2026 |
| Allotment Date | May 07, 2026 |
| Credit to Demat | May 06, 2026 |
| Listing Date | Tentative: May 08, 2026 |
Lead Manager(s)
JM Financial Ltd. i
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- IPO Type: Book build issue aggregating to ₹925.92 crores.
- Issue Structure: Combination of:
- Fresh Issue: 4.97 crore shares aggregating to ₹850.00 crores
- Offer for Sale (OFS): 0.44 crore shares aggregating to ₹75.92 crores
- IPO Dates: The issue opens on April 30, 2026 and closes on May 5, 2026.
- Allotment Date: Expected to be finalized on May 6, 2026.
- Listing Details: Shares are proposed to be listed on National Stock Exchange of India (NSE) and BSE Limited (BSE) with a tentative listing date of May 8, 2026.
- Retail Investment Requirement: Minimum 1 lot (87 shares) amounting to approximately ₹14,877 (at upper price band).
- sNII Investment Requirement: Minimum 14 lots (1,218 shares) totaling around ₹2,08,278.
- bNII Investment Requirement: Minimum 68 lots (5,916 shares) totaling around ₹10,11,636.
- IPO Price Band: ₹162 to ₹171 per equity share.
- Lot Size: 87 shares per lot.
This IPO offers investors an opportunity to participate in the fintech and digital lending technology sector, subject to market risks.