Q1. What is the business of OnEMI Technology Solutions 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.

Q2. Why is the company raising funds via IPO?

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.

Q3. What is the size of the issue and where will it list?

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.

Q4. What are the key risks to an investor?

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

Q5. What are the potential upsides?

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

Q6. How to apply for the IPO?

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

OnEMI Technology Solutions Limited

Upcoming

OnEMI Technology Solutions Limited

Market Cap

—

IPO Issue Size

₹ 1,000 Cr + 8,879,575 Equity Shares

Expected Price by IPOCorner

—

IPO Score

*Score varies on actual price

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. The company has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to initiate an Initial Public Offering (IPO) comprising a fresh issue of shares worth up to ₹1,000 crore along with an offer-for-sale (OFS) of up to ~0.88 Cr equity shares by existing investors.

OnEMI Technology Solutions Limited was incorporated oin 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.It has ~5.32 Cr registered users and had served ~0.92 Cr customers with over ~0.19 Cr active borrowers and assets under management exceeding ₹ 4,080 Crore.

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

₹ 1,000 Cr + 8,879,575 Equity Shares

Fresh Issue

₹ 1,000 Cr

Offer for Sale

8,879,575 Equity Shares

Year	2025
Networth	₹ 1005.99 Cr
Revenue	₹ 1337.46 Cr
EBITDA	₹ 403.36 Cr
PAT	₹ 160.62 Cr
EBITDA Margin	~30.15%
PAT Margin	~12.01%
Face Value	Rs.01 per Equity Share

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Augmenting Capital base for subsidiary (Si Creva)	₹ 750 Cr
-	-
-	-
--	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	₹ 984.5	₹ 1,674.4	₹ 1,337.5
PAT (₹ Cr)	₹ 27.7	₹ 197.3	₹ 160.6
Asset (₹ Cr)	₹ 1,275.2	₹ 1,796.5	₹ 2,701.1
Net Worth (₹ Cr)	₹ 566.2	₹ 804.6	₹ 1,006.0

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
23-Aug	₹ –	₹ –	₹ –
22-Aug	₹ –	₹ –	₹ –
21-Aug	₹ –	₹ –	₹ –
20-Aug	₹ –	₹ –	₹ –
19-Aug	₹ –	₹ –	₹ –

Pros

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).

Cons

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.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Ranvir Singh	~ 17.50 %
Krishnan Vishwanathan	~ 13.39 %
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	00
ROCE	00
RoNW	00

Lead / Book Running Lead Managers

JM 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

Q1. What is the business of OnEMI Technology Solutions 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.
Q2. Why is the company raising funds via IPO?
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.
Q3. What is the size of the issue and where will it list?
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.
Q4. What are the key risks to an investor?
Key risks include macroeconomic slowdown, credit defaults, regulatory changes, competitive fintech pressure, and profit volatility impacting future returns.
Q5. What are the potential upsides?
Upsides include large user base (5+ crore), scalable tech platform, growing AUM, rising digital credit demand, and investor confidence backing.
Q6. How to apply for the IPO?
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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