OnEMI Technology Solutions Limited

OnEMI Technology Solutions NEW IPO): GMP, Profit, Price & expert review

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OnEMI Technology Solutions Limited is a technology-enabled digital lending company that operates the Kissht platform, offering quick, accessible and personalised digital loan and credit solutions through its mobile app to consumers and small businesses across India. The company focuses on leveraging technology and data-driven underwriting to serve an under-penetrated mass-market segment

OnEMI Technology Solutions Limited was incorporated in 2016 & currently Mr. Ranvir Singh serves as the Managing Director & Chief Executive Officer (CEO) of the company.

It provides digital loans – including personal loans, business loans, and secured products like loans against property – via its technology-driven mobile platforms (Kissht, and complementary offerings like RING) with quick approvals and minimal documentation.

OnEMI Technology Solutions Limited has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to initiate an Initial Public Offering (IPO) consisting Fresh Issue of ₹ 1,000 Crore along with an Offer-for-Sale (OFS) of up to 8,879,575 Equity Shares by existing investors.

Subscription date to apply for OnEMI Technology Solutions Limited is yet to be announced. Price band for the IPO is yet to be declared.

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Issue Size:₹ 1,000 Cr + 8,879,575 Equity Shares
Fresh Issue:₹ 1,000 Cr
Offer for Sale:8,879,575 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

OnEMI Technology Solutions Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 1005.99 Cr
Revenue:₹ 1337.46 Cr
EBITDA₹ 403.36 Cr
EBITDA Margin:~30.15%
PAT₹ 160.62 Cr
PAT Margin~12.01%
Face Value:₹ 1

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Augmenting Capital base for subsidiary (Si Creva)~ ₹ 750.0 Cr
Technology & Infrastructure~ ₹ 00 Cr
Sales and Marketing~ ₹ 00 Cr
General Corporate Purpose ₹ 00 Cr

OnEMI Technology Solutions Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 984.45₹ 1674.44₹ 1337.46
PAT (₹ Cr)₹ 27.66₹ 197.29₹ 160.62
Asset (₹ Cr)₹ 1275.2₹ 1796.52₹ 2701.1
Net Worth (₹ Cr)₹ 566.23₹ 804.56₹ 1005.99

OnEMI Technology Solutions Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
24-Apr₹ –₹ –₹ –
23-Apr₹ –₹ –₹ –
22-Apr₹ –₹ –₹ –
21-Apr₹ –₹ –₹ –
20-Apr₹ –₹ –₹ –
OnEMI Technology Solutions Limited

OnEMI Technology Solutions Limited IPO Pros & Cons

Strengths:

  • Large and rapidly growing digital lending user base (~5 Cr registered users) showcasing strong market traction.
  • Data-driven technology platform with AI/ML underwriting and an automated loan lifecycle boosts scalability.
  • Backed by established investors (e.g., Vertex Ventures, Ventureast), indicating investor confidence.
  • Positioned to benefit from under-penetrated credit demand in India’s emerging middle class.
  • Strong revenue and assets-under-management growth trajectory (CAGR expansion).

Risks:

  • Profit volatility with net profit declining recently, signaling operational challenges.
  • Exposure to credit risk and potential defaults in unsecured lending portfolios.
  • Highly competitive fintech lending space with large incumbents.
  • Dependent on continued capital infusion & funding strategies to sustain growth.
  • Regulatory risks in digital lending could impact future operations and margins.

OnEMI Technology Solutions Limited
Promoters – Pre offer equity (Approx)

Promoters%Shares
Ranvir Singh~ 17.50 %
Krishnan Vishwanathan~ 13.39%
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OnEMI Technology Solutions Ltd Promoters – Pre offer equity (Approx)

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of OnEMI Technology Solutions Limited

Lead / Book Running Lead ManagersJM Financial Limited, HSBC Securities and Capital, Markets (India) Pvt. Ltd., Nuvama Wealth Management Ltd., SBI Capital Markets Ltd., Centrum Capital Ltd.
Registrar (RTA)KFin Technologies Limited

  • It operates India’s digital lending platform (Kissht), providing fast, tech-enabled personal and business loans via its mobile app to millions of customers.

  • OneEMI Tecnhnology is raising funds cia IPO to strengthen the capital base of its NBFC subsidiary Si Creva to support future growth and for general corporate purposes.

  • The issue size of the IPO comprises of ₹ 1,000 Cr as Fresh Issue + OFS of ~0.88 Cr equity shares. It will be listed on BSE and NSE platform.

  • Key risks include macroeconomic slowdown, credit defaults, regulatory changes, competitive fintech pressure, and profit volatility impacting future returns.

  • Upsides include large user base (5+ crore), scalable tech platform, growing AUM, rising digital credit demand, and investor confidence backing.

  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

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