OnEmi Technology Solutions India was incorporated on June 18, 2016. The company is a technology-enabled lender in India, offering digital loans via its mobile app for consumption and business needs. Focused on young, mass-market individuals, it provides fast, accessible, and personalised credit solutions to an emerging, underpenetrated middle class
| Bidding Dates |
|---|
| 30 Apr 2026 - 05 May 2026 |
| Subscription |
|---|
| 9.5x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,094 | 1 | 13 | 87 | 54.1 M | ₹162 - ₹171 | 24.8 % | ₹8771.9 M - ₹9259.2 M | RHP DOC |
OnEMI Technology Solutions IPO SUBSCRIPTION STATUS
05 May '26OnEMI Technology Solutions IPO overall subscription rate was 9.5 times the total available shares
OnEMI Technology Solutions IPO retail subscription rate was 2.03 times in the retail segment
OnEMI Technology Solutions IPO non-institutional investor subscription rate was 6.57 times in the non-institutional investor category
OnEMI Technology Solutions IPO Qualified Institutional Bidder subscription rate was 24.87 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
05 May 2026 (Day 3) | 2.03x | 6.57x | 24.87x |
04 May 2026 (Day 2) | 0.16x | 0.5x | 1.45x |
30 Apr 2026 (Day 1) | 0.06x | 0.1x | 0.66x |
OnEMI Technology Solutions FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) |
| 9MFY26 | 1,559.9 | 199.3 | -137.8 | -145.4 |
| FY25 | 1,337.5 | 160.6 | -661.4 | -669.2 |
| FY24 | 1,674.4 | 197.3 | -637.4 | -640.5 |
| FY23 | 984.5 | 27.7 | 111.5 | 102.4 |
OnEMI Technology Solutions IPO SUBSCRIPTION STATUS DETAILS
OnEMI Technology Solutions had 54.1 M shares on offer
OnEMI Technology Solutions IPO offer price was in the range ₹162 - ₹171
OnEMI Technology Solutions IPO minimum Investment was ₹14094
OnEMI Technology Solutions IPO issue size was ₹ 8771.9 M - ₹ 9259.2 M
OnEMI Technology Solutions had a minimum lot size of 87 Shares per application
OnEMI Technology Solutions NUMBER OF SHARES ON OFFER
OnEMI Technology Solutions IPO IMPORTANT DATES
| Issue Open Date | 30 Apr 2026 |
| Issue close Date | 05 May 2026 |
| Allotment Date | 06 May 2026 |
| Refund Date | 07 May 2026 |
| Demat Account Credit Date | 07 May 2026 |
| Listing Date | 08 May 2026 |
| Listing on Exchange(s) | NSE and BSE |
| OnEMI Technology Solutions Allotment Status | Exchange/ Registrar |
OnEMI Technology Solutions IPO subscription opened on 30 Apr 2026, and closed on 05 May 2026
IPO allotment for OnEMI Technology Solutions was finalized on Wednesday, 06 May 2026
IPO listing for OnEMI Technology Solutions was on NSE and BSE on Friday, 08 May 2026
OnEMI Technology Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 171.0 |
| Listing Open Price | 190.0 |
| Listing Close Price | 208.6 |
| Listing Gain% | 11.1% |
| Current Gain% | 75.4% |
OnEMI Technology Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OnEMI Technology Solutions Ltd. | 300 | 5053.6 | 18 | 0.2 | 2.3 | 21 | 7 | 2209.1 | 63.3 | 281.5 | 75.2 | 16.7 | 75.2 |
| Bajaj Finance Ltd. | 1078 | 671157.9 | 33.1 | 2 | 7.8 | 16.7 | 3.4 | 81989.5 | 17.6 | 19017.4 | 14.3 | 32.6 | 16.5 |
| Shriram Finance Ltd. | 1115 | 262353.7 | 23.2 | 1.4 | 5.2 | 15.2 | 3.1 | 48192.6 | 15.1 | 10024.2 | 4.9 | 48.1 | 16.8 |
| Jio Financial Services Ltd. | 256.8 | 169568.7 | 82.1 | 3 | 34.6 | 1.2 | 1 | 3542.6 | 70.4 | 1560.9 | -3.2 | 3.1 | 27.2 |
| Cholamandalam Investment & Finance Company Ltd. | 1866.2 | 157282.2 | 27.3 | 0.9 | 4.8 | 17.2 | 2.1 | 31538.7 | 20.6 | 5232.6 | 22.8 | 68.2 | 29.1 |
| Tata Capital Ltd. | 370.3 | 157187.5 | 29.1 | 1 | 4.8 | 10.8 | 1.7 | 31582.6 | 11.3 | 4846.1 | 32.2 | 12.7 | 28.9 |
OnEMI Technology Solutions INFORMATION ON IPO ISSUE
About OnEMI Technology Solutions
OnEmi Technology Solutions India was incorporated on June 18, 2016. The company is a technology-enabled lender in India, offering digital loans via its mobile app for consumption and business needs. Focused on young, mass-market individuals, it provides fast, accessible, and personalised credit solutions to an emerging, underpenetrated middle class
Object of the Issue
- Augmenting the capital base of its subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of their subsidiary, Si Creva’s business
- General corporate purposes
OnEMI Technology Solutions - PROMOTERS
| Name |
|---|
| Ranvir Singh |
| Krishnan Vishwanathan |
OnEMI Technology Solutions - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ranvir Singh | Chairman, Chief Executive Officer & Executive Director |
| Krishnan Vishwanathan | Chief Financial Officer & Executive Director |
| Piyush Kharbanda | Non-Executive Nominee Director |
| Atul Chunilal Bheda | Non-Executive Independent Director |
| Sangeeta Tanwani | Non-Executive & Independent Director |
| Alok Bansal | Non-Executive & Independent Director |
OnEMI Technology Solutions Book Running Lead Manager
JM Financial Limited
kissht.ipo@jmfl.com
HSBC Securities and Capital Markets (India) Private Limited
kisshtipo@hsbc.co.in
Nuvama Wealth Management Limited
kissht.ipo@nuvama.com
SBI CapitalMarkets Limited
kissht.ipo@sbicaps.com
Centrum Capital Limited
kissht.ipo@centrum.co.in
OnEMI Technology Solutions Registrar to the Offer
KFin Technologies Limited
kissht.ipo@kfintech.com
OnEMI Technology Solutions Strengths
Multi-channel acquisition
As of March 31, 2025, the company had over 53 million registered users and served more than 9 million customers through a multi-channel strategy combining online and offline channels. Its O2O model, API-first mobile app, and brand presence, supported by Sachin Tendulkar, drive customer acquisition across India’s embedded finance ecosystem
Advanced & comprehensive risk management
Since 2016, the company has built a data-first architecture integrating ML into risk, credit, and collection workflows. Supported by 27 data scientists and 34 specialised sub-models, its systems continuously improve fraud detection, credit assessment, and borrower behaviour modelling for accurate, tailored credit decisions
Diversified & scalable funding sources
The company’s AUM relies on a balanced funding model with on-book loans via its RBI-regulated subsidiary Si Creva and off-book loans through partner financial institutions. This diversified approach enhances capital efficiency, supports scalable growth, and serves a broad range of customers
OnEMI Technology Solutions Risks
Customer retention risks
The company’s success depends on attracting and retaining customers. Failure to grow or maintain customer relationships could materially impact its business, financial condition, and operations
Payment default risks
The company deals with higher-risk borrowers, mainly young individuals with high income potential and a median CIBIL score of 746 (as of March 31, 2025). Defaults or incomplete recovery, including from secured loans, could adversely impact its business, financial condition, cash flows, and operations
Innovation risks
The company must continuously innovate and enhance its platform to remain competitive. Failure to keep pace with technology or industry trends could negatively affect its business, financial condition, cash flows, and operations
IPO FAQs
This IPO consists of an offer for sale of up to Rs 75.9 crore, of 4,439,788 shares. It also consists of a fresh issue of Rs 850.0 crore.
The promoters of the company are Ranvir Singh and Krishnan Vishwanathan.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 162.0 - 171.0.
The IPO application opens on Apr 30, 2026 and closes on May 05, 2026.
The minimum lot size for the IPO is 87. The maximum lot size for the IPO is 1131.
For all category investors, the minimum application amount for this IPO is Rs. 14,094.0, the maximum value for this IPO is Rs 193,401.0.
This IPO will be allotted on May 06, 2026.
The refund will be credited to your account on May 07, 2026.
The allotted shares will be credited to your demat on May 07, 2026.
OnEMI Technology Solutions Ltd.’s shares listed on the stock exchanges on May 08, 2026.