OnEMI Technology Solutions Limited is a technology-enabled digital lending platform in India, primarily offering instant credit solutions through its mobile applications for both consumption and business needs.
The company operates under the brands Kissht (digital lending platform) and Ring (payments and credit platform). Through these platforms, OnEMI provides seamless consumer credit and EMI-based payment solutions to both online and offline merchants, enabling customers to access financing at the point of purchase.
Its lending operations are supported by its NBFC arm, Si Creva Capital Services, which is responsible for loan disbursement, KYC compliance, and EMI collections, ensuring a fully integrated digital lending ecosystem.
Product Portfolio:
- Personal Loans: The company offers personal loans to both salaried and self-employed individuals.
- Loan Against Property: The company offers secured loans backed by property, enabling higher-ticket borrowing for individuals and small businesses.
- MSME Loans: The company provides loans to support business expansion and working capital needs, with a focus on underserved small businesses.
As of December 31, 2025, OnEMI Technology Solutions has a strong digital presence with 63.73 million registered users and 11.17 million customers served, while its Assets Under Management (AUM) stood at ₹59,557.53 million (₹5,955 crore).
OnEMI Technology Solutions IPO – Details
| IPO Opening Date | 30 April 2026 |
| IPO Closing Date | 05 May 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 5,41,47,390 Shares Worth ₹925.92 Crore Fresh Issue: 4,97,07,602 Shares Worth ₹850.00 Crore Offer For Sale: 44,39,788 Shares Worth ₹75.92 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹162 – ₹171 per share |
| Market Lot | 87 Shares |
| Min Order | 87 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
OnEMI Technology Solutions IPO – Date Schedule
| IPO Open Date | 30 April 2026 |
| IPO Close Date | 05 May 2026 |
| Basis of Allotment | 06 May 2026 |
| Initiation of Refund | 07 May 2026 |
| Credit of Shares to Demat Account | 07 May 2026 |
| IPO Listing Date | 08 May 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 05, 2026 |
Powerica IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,877 |
| Retail (Max) | 13 | 1131 | ₹1,93,401 |
| S-HNI (Min) | 14 | 1218 | ₹2,08,278 |
| S-HNI (Max) | 67 | 5829 | ₹9,96,759 |
| B-HNI (Min) | 68 | 5916 | ₹10,11,636 |
Competitive Strength
- Large customer base acquired through a diversified multi-channel acquisition strategy.
- Driving asset quality through advanced and comprehensive risk management.
- Access to diversified and scalable funding sources.
- Scalable, cloud-native and AI-built technology platform integrated across all key functions.
- Experienced founders and leadership, backed by marquee investors.
Company Promoters
- Ranvir Singh
- Krishnan Vishwanathan
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹1,001.51 Cr | ₹977.55 Cr | ₹27.67 Cr | ₹387.89 Cr |
| 31 March 2024 | ₹1,700.30 Cr | ₹1,432.86 Cr | ₹197.29 Cr | ₹784.30 Cr |
| 31 March 2025 | ₹1,352.69 Cr | ₹1,136.42 Cr | ₹160.62 Cr | ₹1,507.58 Cr |
| 31 December 2025 | ₹1,583.93 Cr | ₹1,317.49 Cr | ₹199.27 Cr | ₹2,047.52 Cr |
Key Performance Indicator
| KPI | Values (Sep 30, 2025) |
|---|---|
| ROE | 23.51% |
| ROCE | – |
| Debt/Equity | 1.63 |
| RoNW | 21.18% |
| PAT Margin | – |
| EBITDA Margin | – |
| Price to Book Value | – |
| Pre IPO | Post IPO | |
| EPS (₹) | 13.52 | 15.77 |
| P/E (x) | 12.65 | 10.84 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Augmenting the capital base of Subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of Subsidiary, Si Creva’s business. | ₹637.50 |
| General corporate purposes. |
OnEMI Technology Solutions IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | Bajaj Finance Limited | 34.36 |
| 2 | 2 | Cholamandalam Investment & Finance Company Limited | 30.99 |
| 3 | 10 | HDB Financial Services Limited | 24.70 |
| 4 | 10 | SBI Cards & Payment Services Limited | 33.28 |
✅Strengths
- Large customer base with strong digital + offline (O2O) acquisition model.
- Advanced risk management & AI-based underwriting improving asset quality.
- Diversified and scalable funding sources.
- Scalable cloud-based technology platform integrated across operations.
- Strong brand presence with high customer retention (Kissht + Ring).
- Experienced promoters and backing from reputed investors.
⚠️Risks
- Business heavily dependent on digital lending; slowdown can impact growth.
- High regulatory risk (RBI/NBFC rules may change anytime).
- Credit risk due to lending to underserved / new-to-credit customers.
- Dependence on continuous funding for loan disbursement.
- Competition from banks, NBFCs, and fintech players.
- Technology failures or data breaches can impact operations.
OnEMI Technology Solutions IPO Promoter Holding
| Pre Issue Share Holding | 35.18% |
| Post Issue Share Holding | 24.80% |
OnEMI Technology Solutions IPO Prospectus
Company Contact Information
| OnEMI Technology Solutions Ltd. 10 th Floor, Tower 4, Equinox Park, LBS Marg, Kurla (West), Mumbai, Maharashtra, 400070 Phone: +91 22 6947 5600 Email: compliance@kissht.com Website: https://www.kissht.com/ |
OnEMI Technology Solutions IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: kissht.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
OnEMI Technology Solutions IPO Lead Manager(s)
| 1. JM Financial Limited 2. Centrum Capital Limited 3. SBI Capital Markets Limited 4. Nuvama Wealth Management Limited 5. HSBC Securities and Capital Markets (India) Private Limited |
OnEMI Technology Solutions IPO FAQs
| What is the OnEMI Technology Solutions IPO? OnEMI Technology Solutions IPO is a main-board IPO. The issue is priced at ₹162 to ₹171 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the OnEMI Technology Solutions IPO open? The IPO is to open on 30 April 2026 for QIB, NII, and Retail Investors. |
| What is OnEMI Technology Solutions IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the OnEMI Technology Solutions IPO Size? OnEMI Technology Solutions IPO size is ₹925.92 Crore. |
| What is the OnEMI Technology Solutions IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 87 Shares with ₹14,877, while the maximum bid is 1131 Shares with ₹1,93,401. |
| What is the OnEMI Technology Solutions IPO Allotment Date? OnEMI Technology Solutions IPO allotment date is 06 May 2026. |
| What is the OnEMI Technology Solutions IPO Listing Date? OnEMI Technology Solutions IPO listing date is 08 May 2026. The IPO is to be listed on the BSE and the NSE. |
