OnEMI Technology IPO

OnEMI Technology Solutions IPO Details

The OnEMI Technology Solutions IPO is a 100% book-built issue, including a fresh issue of up to ₹1,000 crore and an offer for sale (OFS) of 88.79 lakh equity shares of face value of ₹10 per equity share. The company filed the DRHP with SEBI on August 18, 2025.

The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead managers (BRLMs) of the OnEMI Technology Solutions IPO are JM Financial, HSBC Securities, Nuvama Wealth Management, SBI Capital Markets and Centrum Capital, while the registrar of the issue is KFin Technologies.

OnEMI Technology Solutions IPO Date & Timeline

OnEMI Technology Solutions Ltd. filed the DRHP with SEBI on August 18, 2025. The timeline for opening, closing and allotment of shares is yet to be announced. The official OnEMI Technology Solutions IPO date will be announced once the company obtains the required exchange approvals and files the RHP. The investors can expect the company to announce the IPO dates closer to the official launch phase.

OnEMI Technology Solutions IPO GMP

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The OnEMI Technology Solutions IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

OnEMI Technology Solutions Ltd. is a private company that was incorporated in June 2016. However, it changed to a public limited company in 2025 to list on the stock exchange in India. The company was formed with a vision to bridge the credit gap between the underserved demographics of India. Since it is headquartered in Mumbai, India, it has evolved from an early-stage startup to a well-known digital lending and payments company. Today, OnEMI primarily focuses on providing consumer credit solutions to India's growing middle class.

Operations & Product Range

OnEMI Technology Solutions Ltd. is a financial and technology company that functions as a digital lender and is highly scalable in nature. Its main products include quick personal loans for day-to-day expenses and secured loans, such as loans against properties that cater to small businesses that have assets and need funds to expand. Initially, the company connected individuals digitally, particularly those underserved by banking institutions, which formed its target customer segment. Its mobile applications are proprietary in nature and offer seamless services.

Facilities & Capacity

OnEMI Technology Solutions Ltd. mainly operates through its highly sophisticated digital infrastructure, unlike conventional banking institutions, which operate through their branch networks. OnEMI Technology Solutions Ltd. operates its corporate business activities through its headquarters located in Kurla, Mumbai. However, the true essence of this business is its highly efficient technological system, which uses its AI models and data analysis to make quick decisions about loans. As of March 2025, the highly scalable digital facility had successfully served over 530.26 lakh registered users, including 90.16 lakh customers.

Brands & Market Presence

With its flagship digital brands, "Kissht" and "Ring," OnEMI Technology Solutions Ltd. has established a reputable market presence. "Kissht" serves as a digital lending platform, while "Ring" functions as a payments application. The company has created a strong presence within India, with a considerable portion of its customer base residing within India's top 50 cities. Moreover, the market presence of its brands is evident through high user engagement, such as high ratings on the Google Play Store, backed by more than one million user reviews, indicating high brand trust within the financial services industry.

Revenue Streams & Business Model

The main source of revenue for OnEMI Technology Solutions Ltd. is the strong hybrid lending model, which incorporates interest income as well as processing fees from consumer credit, as well as EMI-based payment solutions offered by the firm. The business model incorporates on-book lending, which implies that the firm lends money directly through Si Creva Capital Services, which is a non-banking financial company (NBFC) that partners with the firm in the process. The firm is also able to expand its capacity in terms of loan origination through off-book partnerships with financial institutions.

Management & Shareholding

The strategic direction of OnEMI Technology Solutions Ltd. is spearheaded by its core promoters, Ranvir Singh and Krishnan Vishwanathan, both of whom bring deep expertise in financial services, technology and risk analytics. Before the IPO, the promoters held a significant 30.89% stake in the company, but after the IPO, the promoter shareholding will be diluted to accommodate the public market participants.

Board & Key Management

The Board of Directors comprises professionals with vast experience and expertise, who oversee corporate governance. The core promoters drive business execution through day-to-day management and technological advancements. The management team is further aided by qualified professionals for compliance purposes, including Shraddha Patangia, who takes charge as company secretary and compliance officer, enabling the company to effectively navigate through the complex and evolving regulatory environment of the Indian fintech industry.