The OnEMI Technology IPO is one of the major mainboard public issues from India’s rapidly growing digital lending and fintech sector. OnEMI Technology Solutions Limited, widely recognized through its consumer lending platform Kissht, has introduced this public issue to strengthen its financial resources and support its long-term business strategy. Over the years, the company has established itself as a technology-driven lending platform by providing digital credit solutions that simplify access to finance for individuals and businesses.
The company combines technology, artificial intelligence, data analytics, and digital underwriting to deliver a seamless borrowing experience. Customers can apply for loans, complete verification, receive approvals, and manage repayments through an entirely digital platform. This technology-first approach has enabled the company to serve customers across multiple cities while continuously expanding its lending portfolio.
The capital raised through the fresh issue is expected to strengthen the company’s financial position and support future business expansion. The company also plans to continue investing in technology infrastructure, improve operational efficiency, and expand its lending ecosystem while maintaining responsible lending practices.
This comprehensive guide explains every important aspect of the OnEMI Technology IPO, including IPO details, dates, reservation, lot size, company profile, financial performance, objectives of the issue, Grey Market Premium (GMP), subscription status, strengths, risk factors, IPO review, and frequently asked questions. The article is written entirely in original language for informational and educational purposes.
OnEMI Technology IPO Details
OnEMI Technology Solutions Limited launched its equity shares through a book-built mainboard public issue comprising a fresh issue of equity shares along with an Offer for Sale by certain existing shareholders. The fresh issue enables the company to raise additional capital for future business requirements, while the Offer for Sale allows eligible shareholders to partially monetize their existing investment.
| IPO Details | Information |
|---|---|
| IPO Name | OnEMI Technology IPO |
| Company Name | OnEMI Technology Solutions Limited |
| Brand Name | Kissht |
| IPO Type | Book Built Issue |
| Issue Category | Mainboard IPO |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹162 to ₹171 Per Share |
| Issue Price | ₹171 Per Share |
| Total Issue Size | ₹925.92 Crore |
| Fresh Issue | ₹850.00 Crore |
| Offer for Sale | ₹75.92 Crore |
| IPO Open Date | 30 April 2026 |
| IPO Close Date | 5 May 2026 |
| Basis of Allotment | 6 May 2026 |
| Refund Initiation | 7 May 2026 |
| Shares Credited to Demat | 7 May 2026 |
| Listing Date | 8 May 2026 |
| Listing Exchange | BSE & NSE |
| Lot Size | 87 Shares |
| Minimum Investment | ₹14,877 |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Managers | Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited and JM Financial Limited |
| Issue Status | Listed |
The IPO was available through the ASBA facility along with UPI-based applications for eligible retail investors. After the bidding period concluded, the registrar finalized the allotment process, credited shares to successful applicants’ demat accounts, processed refunds wherever applicable, and completed the listing of equity shares on the stock exchanges.
The proceeds from the fresh issue are intended to support the company’s future business initiatives and strengthen its overall financial position. Investors evaluating the public issue should consider the company’s business model, financial performance, industry outlook, valuation, and associated risks before making any investment decision.
OnEMI Technology IPO Dates
Investors planning to participate in the OnEMI Technology IPO should carefully note the complete IPO schedule. Following the important dates helps applicants complete the bidding process on time, track the allotment status, and prepare for listing. After the issue closes, the registrar completes the allotment process, refunds are initiated for unsuccessful applicants, shares are credited to successful investors’ demat accounts, and the company is subsequently listed on the stock exchanges.
| IPO Event | Date |
|---|---|
| IPO Opening Date | 30 April 2026 |
| IPO Closing Date | 5 May 2026 |
| Basis of Allotment | 6 May 2026 |
| Refund Initiation | 7 May 2026 |
| Shares Credited to Demat Account | 7 May 2026 |
| Listing Date | 8 May 2026 |
Applicants should complete the application process before the IPO closes to avoid any last-minute technical issues. Investors can check their allotment status after the registrar finalizes the basis of allotment and monitor the listing performance once trading begins on the stock exchanges.
OnEMI Technology IPO Reservation
The OnEMI Technology IPO was offered through the book-built process with equity shares reserved for different categories of investors in accordance with applicable regulatory requirements. The reservation structure ensures fair participation from institutional investors, non-institutional investors, retail investors, and eligible employees wherever applicable.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% |
| Non-Institutional Investors (NII) | Not Less Than 15% |
| Retail Individual Investors (RII) | Not Less Than 35% |
| Employee Reservation | As Specified in the Prospectus |
The allocation framework is intended to provide balanced participation among different investor categories while maintaining transparency throughout the IPO process.
OnEMI Technology IPO Lot Size
The lot size determines the minimum number of equity shares that investors can apply for in the IPO. Retail investors are required to apply for at least one lot, while high-value investors may submit applications for multiple lots depending on the applicable investment limits.
| Application | Shares | Amount |
|---|---|---|
| Retail (Minimum) | 87 | ₹14,877 |
| Retail (Maximum) | 1,305 | ₹2,23,155 |
| S-HNI (Minimum) | 1,392 | ₹2,38,032 |
| B-HNI (Minimum) | 5,916 | ₹10,11,636 |
The investment amount varies according to the number of lots applied for and the final issue price. Investors should ensure that sufficient funds are available in their bank account before submitting the IPO application through the ASBA or UPI process.
About OnEMI Technology Solutions Limited
OnEMI Technology Solutions Limited is a financial technology company that develops digital lending solutions for consumers and businesses through technology-enabled platforms. The company operates under the well-known brand name “Kissht” and focuses on providing quick, convenient, and paperless credit solutions using a completely digital process.
Its business model combines technology, data analytics, artificial intelligence, and automated underwriting systems to evaluate loan applications efficiently while maintaining risk management standards. Customers can complete the entire borrowing journey digitally, including application, verification, approval, disbursement, and repayment.
The company offers a diversified portfolio of lending products designed to meet different financial requirements. These include personal loans, business loans, purchase financing, and other digital credit products. By leveraging advanced technology and alternative data analysis, the company aims to improve access to formal credit for individuals and small businesses.
Over the years, OnEMI Technology Solutions has continuously invested in technology infrastructure, customer experience, and operational efficiency. Its digital-first approach enables faster loan processing, improved customer convenience, and scalable business operations across multiple regions in India.
The company continues to focus on expanding its customer base, strengthening its lending ecosystem, improving credit assessment capabilities, and enhancing technology platforms to support long-term business growth while maintaining prudent risk management practices.
OnEMI Technology Solutions Limited Financial Information
The financial performance of OnEMI Technology Solutions Limited reflects the company’s continued expansion in the digital lending industry. Over the years, the company has focused on increasing its loan portfolio, strengthening customer acquisition, enhancing technology capabilities, and improving operational efficiency. Investors should evaluate the company’s financial statements together with its business model, asset quality, profitability, and future growth plans before making any investment decision.
The following financial figures provide an overview of the company’s recent performance.
| Particulars | FY2024 | FY2025 | 9M FY2026* |
|---|---|---|---|
| Revenue from Operations | ₹779.36 Cr | ₹973.28 Cr | ₹882.61 Cr |
| Total Income | ₹801.74 Cr | ₹998.15 Cr | ₹905.42 Cr |
| Profit After Tax (PAT) | ₹22.18 Cr | ₹44.63 Cr | ₹54.82 Cr |
| Total Assets | ₹2,218.47 Cr | ₹2,964.31 Cr | ₹3,451.26 Cr |
| Net Worth | ₹358.91 Cr | ₹487.36 Cr | ₹548.94 Cr |
| Total Borrowings | ₹1,566.84 Cr | ₹2,084.57 Cr | ₹2,432.63 Cr |
*9M FY2026 represents the financial performance for the nine months ended December 31, 2025.
The financial data indicates steady business expansion supported by growth in lending operations and increasing customer adoption. Revenue has improved over successive financial periods, while profitability has also strengthened alongside business growth. The company has continued to invest in technology and lending operations, resulting in higher assets and a larger loan portfolio. Investors should also consider borrowings, capital requirements, and overall financial position while evaluating the IPO.
OnEMI Technology IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors assess a company’s financial efficiency, profitability, and valuation. These metrics provide additional insights into operational performance and are useful when comparing the company with businesses operating in the same industry.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 10.64% |
| Return on Capital Employed (ROCE) | 9.71% |
| Earnings Per Share (EPS) | ₹2.89 |
| Net Asset Value (NAV) | ₹31.56 |
| Price to Book Value (P/BV) | 5.42x |
| Debt-to-Equity Ratio | 4.28 |
| Return on Assets (ROA) | 1.78% |
These financial indicators suggest that the company has continued to strengthen its profitability while expanding its lending operations. Investors should evaluate these ratios together with industry trends, valuation, future growth opportunities, and potential risks before making an investment decision.
Objects of the OnEMI Technology IPO
The primary objective of the OnEMI Technology IPO is to raise capital that will support the company’s future growth strategy and strengthen its overall financial position. The fresh issue proceeds are expected to improve the company’s lending capacity while supporting long-term expansion initiatives.
The major objectives of the IPO include:
- Strengthening the capital base of the company’s lending business to support future loan disbursements.
- Funding future business expansion and increasing operational scale across different lending segments.
- Investing in technology infrastructure, digital platforms, and product development to improve customer experience and operational efficiency.
- Enhancing data analytics, credit assessment systems, and risk management capabilities.
- Meeting general corporate purposes, including working capital requirements and other business initiatives.
The successful utilization of the IPO proceeds is expected to improve the company’s financial flexibility and support sustainable long-term growth. However, investors should monitor the company’s future execution of these objectives as part of their overall investment evaluation.
OnEMI Technology IPO GMP Review
The Grey Market Premium (GMP) is an unofficial market indicator that reflects the expected demand for an IPO before its listing on the stock exchange. Since the grey market operates independently of the regulated stock exchanges, GMP values change frequently depending on investor sentiment, subscription levels, market conditions, and overall demand. Investors should use GMP only as a reference point and not as the sole basis for making an investment decision.
At the time of listing, the GMP reflected healthy investor interest in the OnEMI Technology IPO. However, grey market premiums can fluctuate significantly before listing and do not guarantee the actual listing performance. Investors should evaluate the company’s financial performance, business model, valuation, and industry outlook along with GMP before investing.
OnEMI Technology IPO Subscription Status
The subscription status indicates the level of demand received from various categories of investors during the IPO bidding period. A higher subscription generally reflects stronger investor participation, although it should not be considered the only factor while evaluating an IPO.
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) | 78.08x |
| Non-Institutional Investors (NII) | 19.80x |
| Retail Individual Investors (RII) | 5.76x |
| Employee Category | 1.96x |
| Total Subscription | 21.65x |
The OnEMI Technology IPO witnessed strong overall participation across investor categories. Institutional investors showed significant interest in the issue, while participation from retail and non-institutional investors also contributed to the healthy overall subscription.
OnEMI Technology IPO Review
The OnEMI Technology IPO attracted attention as one of the significant fintech public issues, backed by the company’s digital lending platform and expanding customer base. The company has developed a technology-driven lending ecosystem that combines digital loan processing, automated underwriting, and data analytics to provide financial solutions across multiple customer segments.
One of the company’s key strengths is its scalable technology platform, which enables faster loan processing and improves customer convenience. Continuous investment in technology and digital infrastructure has helped the company strengthen its operational capabilities while expanding its lending portfolio.
From a financial perspective, the company has demonstrated consistent growth in revenue while improving profitability over recent financial periods. Its expanding loan portfolio and increasing customer reach reflect the growing adoption of digital lending services in India. However, investors should also evaluate factors such as borrowings, credit quality, regulatory developments, and competitive pressures within the fintech industry.
Overall, the IPO may be suitable for investors who have a long-term investment horizon and are comfortable with the opportunities and risks associated with the digital lending sector. As with any investment, it is advisable to consider individual financial goals and risk tolerance before making an investment decision.
OnEMI Technology IPO Strengths
OnEMI Technology Solutions Limited has established a technology-focused lending business supported by digital innovation, operational efficiency, and customer-centric financial solutions. The company continues to strengthen its lending ecosystem through investments in technology, data analytics, and product development. Some of the major strengths of the company are discussed below.
- Technology-Driven Lending Platform – The company operates a fully digital lending platform that enables customers to complete loan applications, verification, approvals, and repayments through an online process, improving convenience and operational efficiency.
- Well-Recognized Consumer Brand – The company operates under the “Kissht” brand, which has built recognition in India’s digital lending market through its consumer finance products and technology-based services.
- Diversified Lending Products – The company offers multiple lending solutions, including personal loans, business loans, and consumer finance products, helping diversify its revenue streams.
- Advanced Credit Assessment Systems – The use of artificial intelligence, data analytics, and automated underwriting supports faster decision-making while improving credit evaluation and risk management.
- Growing Customer Base – Continuous customer acquisition and increasing adoption of digital financial services support long-term business expansion.
- Experienced Management Team – The company’s management possesses experience in financial services, technology, and business operations, contributing to strategic decision-making and future growth initiatives.
Risk Factors
Investment in the OnEMI Technology IPO involves various business, financial, and industry-related risks that investors should carefully evaluate before making an investment decision. Understanding these risks alongside the company’s strengths provides a balanced perspective of the business.
- High Dependence on Borrowed Funds – The lending business requires significant borrowings to finance loan disbursements. Any difficulty in raising funds or an increase in borrowing costs could impact business growth and profitability.
- Credit Default Risk – The company is exposed to the risk of borrowers failing to repay loans on time. Higher delinquencies or non-performing assets may adversely affect financial performance.
- Regulatory Risk – The digital lending industry operates within a regulated framework. Any changes in laws, RBI guidelines, or compliance requirements could affect business operations.
- Intense Industry Competition – The company competes with banks, NBFCs, fintech companies, and digital lending platforms. Increased competition may impact customer acquisition, pricing, and profit margins.
- Technology and Cybersecurity Risk – As a technology-driven financial services company, uninterrupted platform availability and strong cybersecurity measures are essential. Any system failure or cyber incident could affect operations and customer confidence.
- Dependence on Data Analytics – Credit assessment relies significantly on technology and analytical models. Any inaccuracies in risk evaluation could impact loan quality and future profitability.
- Economic Slowdown – Changes in economic conditions, employment levels, inflation, or consumer spending may influence borrowing demand and repayment capacity.
- Execution Risk – Future growth depends on the company’s ability to successfully expand operations, maintain asset quality, strengthen technology infrastructure, and manage business risks effectively.
OnEMI Technology IPO Promoters
OnEMI Technology Solutions Limited was established by experienced entrepreneurs with the objective of building a technology-driven digital lending platform in India. The promoters have played an important role in expanding the company’s operations, strengthening its technology infrastructure, and developing a diversified portfolio of lending products.
The promoters continue to focus on improving customer experience, expanding lending operations, enhancing risk management practices, and supporting the company’s long-term growth strategy through continuous innovation and responsible business practices.
OnEMI Technology IPO Management Team
The company’s day-to-day operations are managed by an experienced leadership team with expertise in financial services, technology, digital lending, risk management, operations, compliance, and business development. The management team focuses on sustainable business growth while maintaining operational efficiency and regulatory compliance.
The combination of experienced promoters and professional management has enabled the company to strengthen its position within India’s growing fintech ecosystem. Continuous investment in technology, product innovation, customer service, and operational improvements remains one of the company’s key strategic priorities.
OnEMI Technology IPO Registrar
The registrar plays an important role in managing the IPO process, including processing applications, finalizing the basis of allotment, initiating refunds, crediting shares to successful applicants, and handling investor-related queries during the public issue.
| Particular | Details |
|---|---|
| Registrar | MUFG Intime India Private Limited |
| IPO Type | Mainboard IPO |
| Allotment Mode | Online |
| Listing Exchange | BSE & NSE |
Applicants can check their allotment status through the registrar’s official website after the allotment process is completed by entering their application number, PAN, or DP/Client ID details.
How to Check OnEMI Technology IPO Allotment Status
After the basis of allotment is finalized, investors can verify whether shares have been allotted through the registrar’s online portal. The process is simple and requires only a few details submitted during the IPO application.
Follow these steps to check the allotment status:
- Visit the registrar’s IPO allotment page.
- Select “OnEMI Technology IPO” from the list of available issues.
- Choose any one search option such as Application Number, PAN Number, or DP/Client ID.
- Enter the required details correctly.
- Complete the security verification if applicable.
- Click on the “Submit” button.
- The allotment status will be displayed on the screen.
Investors may also check the allotment status through the BSE or NSE IPO allotment portal after the registrar completes the allotment process.
OnEMI Technology IPO Listing Performance
The listing performance of an IPO indicates how the company’s shares performed on the stock exchanges on the first day of trading. Listing gains or losses are influenced by several factors, including subscription demand, overall market sentiment, company valuation, sector outlook, and investor confidence.
OnEMI Technology Solutions Limited was listed on both the BSE and NSE after the completion of the IPO process. Investors generally evaluate the listing price, listing premium, opening price, intraday movement, and closing price to understand the market’s initial response to the public issue. While listing gains may attract short-term investors, long-term investors should focus on the company’s business fundamentals, financial performance, growth strategy, and future earnings potential.
Should You Invest in the OnEMI Technology IPO?
The OnEMI Technology IPO offers investors an opportunity to participate in a technology-driven financial services company operating in India’s expanding digital lending industry. The company has developed a scalable lending platform supported by technology, data analytics, and digital processes that simplify credit access for customers.
Its growing customer base, diversified lending products, improving financial performance, and continued investment in technology provide a foundation for future business growth. At the same time, investors should carefully consider factors such as regulatory developments, competitive intensity, borrowing requirements, asset quality, and overall market conditions before making an investment decision.
Investors with a long-term investment approach should evaluate the company’s financial performance, valuation, business model, and future growth prospects while ensuring that the investment aligns with their individual financial objectives and risk tolerance.
Frequently Asked Questions (FAQs)
What is the OnEMI Technology IPO?
The OnEMI Technology IPO is a Mainboard Book Built public issue through which OnEMI Technology Solutions Limited raised capital by issuing equity shares to eligible investors.
What is the price band of the OnEMI Technology IPO?
The IPO was offered at a price band of ₹162 to ₹171 per equity share.
What is the minimum lot size for the OnEMI Technology IPO?
The minimum application size for retail investors was 87 equity shares.
When did the OnEMI Technology IPO open and close?
The IPO opened on 30 April 2026 and closed on 5 May 2026.
On which stock exchanges is the OnEMI Technology IPO listed?
The company’s equity shares are listed on both the BSE and the NSE.
Who is the registrar for the OnEMI Technology IPO?
MUFG Intime India Private Limited is the official registrar for the IPO.
What does OnEMI Technology Solutions Limited do?
The company operates a digital lending platform that provides technology-enabled financial products and credit solutions to individuals and businesses.
What are the main objectives of the IPO?
The company intends to strengthen its capital base, support business expansion, invest in technology, and meet general corporate purposes.
Is GMP guaranteed to match the listing price?
No. Grey Market Premium is an unofficial market indicator and does not guarantee the actual listing performance.
Where can investors check the allotment status?
Investors can check their allotment status through the registrar’s online portal or the official BSE and NSE IPO allotment pages.
Conclusion
The OnEMI Technology IPO represents an important public offering from India’s digital lending sector. The company has built a technology-driven business model focused on simplifying access to credit through digital platforms, automated underwriting, and data-based decision-making. Its expanding customer base, diversified lending products, and continued investment in technology position it for future business growth.
From an investment perspective, the company offers exposure to India’s growing fintech industry, supported by improving financial performance and a scalable operating model. However, investors should also consider regulatory developments, competitive pressures, borrowing requirements, and credit-related risks before making an investment decision.
A balanced investment decision should be based on the company’s financial performance, valuation, business strategy, industry outlook, and individual risk appetite rather than relying solely on short-term market sentiment. Long-term investors should carefully evaluate both the opportunities and the associated risks before investing in the OnEMI Technology IPO.
