Onemi Technology Solutions
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 30 Apr 2026 – 05 May 2026
- Listing date
- 08 May 2026
- Face value
- ₹1 per share
- Price band
- ₹162 – ₹171
- Issue price
- ₹171 per share
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹926 Cr
- ISIN
- INE12F801023
Valuation and performance
Valuation at offer price
₹171 per share
| Metric | Pre-issue | Post-issue |
|---|
About Onemi Technology Solutions
OnEMI Technology Solutions Limited is a digital financial services company incorporated in 2016 that operates an online lending platform under the brand name 'Kissht'. The company primarily provides unsecured personal loans (94.23% of AUM as of December 31, 2025) and secured loans against property (5.77% of AUM) through its tech-enabled platform. The company's on-book loans are originated and managed through its wholly-owned subsidiary Si Creva Capital Services Private Limited, which is an RBI-regulated middle-layer NBFC. The company also facilitates off-book loans through partnerships with various financial institutions. As of December 31, 2025, the company had 63.73 million registered users, 11.17 million customers served, and AUM of ₹59,557.53 million. The company generates revenue through interest on loans, processing fees, servicing fees, and performance-linked income from lending partners.
Company Analysis
from DRHPOnEMI Technology Solutions Limited is a digital lending platform that provides unsecured personal loans and secured loans against property to salaried professionals, self-employed individuals, and small business owners across India.
OnEMI Technology Solutions Limited is a digital financial services company incorporated in 2016 that operates an online lending platform under the brand name 'Kissht'. The company primarily provides unsecured personal loans (94.23% of AUM as of December 31, 2025) and secured loans against property (5.77% of AUM) through its tech-enabled platform. The company's on-book loans are originated and managed through its wholly-owned subsidiary Si Creva Capital Services Private Limited, which is an RBI-regulated middle-layer NBFC. The company also facilitates off-book loans through partnerships with various financial institutions. As of December 31, 2025, the company had 63.73 million registered users, 11.17 million customers served, and AUM of ₹59,557.53 million. The company generates revenue through interest on loans, processing fees, servicing fees, and performance-linked income from lending partners.
Objects of the Issue
- Augmenting the capital base of our Subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of our Subsidiary's business p.115
- General corporate purposes p.115
Issue Structure
- Total Issue
- ₹9,259.20 million (54,147,390 Equity Shares of face value of ₹1 each)
- Fresh Issue
- ₹8,500.00 million (49,707,602 Equity Shares of face value of ₹1 each)
- Offer for Sale
- ₹759.20 million (4,439,788 Equity Shares of face value of ₹1 each)
- Price Band
- ₹162 (Floor Price) to ₹171 (Cap Price) per Equity Share
- Lot Size
- 87 Equity Shares (Bid Lot)
- Face Value
- ₹1 per Equity Share
Business Model
OnEMI operates a digital lending marketplace model. The company sources customers through digital marketing (45.51% of customer acquisitions in nine months ended December 31, 2025), merchant partnerships (23.28%), e-commerce (7.51%), and organic channels (23.70%). The company earns revenue through: (i) interest on on-book loans originated through its subsidiary Si Creva; (ii) processing fees on loans; (iii) servicing fees from managing loan servicing and collections; and (iv) performance-linked income from off-book lending partnerships. As of December 31, 2025, 51.13% of AUM was on-book (held in Si Creva) and 48.87% was off-book (held with lending partners). The company's net interest margin was 21.19% as of December 31, 2025.
Business Segments
SWOT Analysis
- • Established fintech lending platform with significant AUM growth and customer base(p.25)
- • Strong profitability and return metrics despite market challenges(p.44)
- • Rapid AUM growth trajectory with over 100% growth in prior periods(p.44)
- • Diversified revenue streams from on-book and off-book lending(p.44)
- • Established brand ambassador relationship with celebrity(p.36)
- • Strong capital adequacy ratio exceeding regulatory requirements(p.41)
- • Solid credit ratings from multiple agencies(p.40)
- • High concentration of AUM in unsecured personal loans(p.25)
- • Geographic concentration risk with southern and western regions dominant(p.27)
- • Rising Gross NPA levels indicate asset quality deterioration(p.30)
- • Declining provisioning coverage ratio(p.30)
- • High financial leverage(p.34)
- • Dependency on subsidiary for on-book lending operations(p.28)
- • High employee attrition rates(p.50)
- • Instances of delayed statutory dues payments(p.45)
- • Expansion into secured lending products(p.25)
- • Growth in digital lending market and expanding customer acquisition(p.50)
- • Diversification of lending partnerships(p.33)
- • Market leadership position among fintech lenders(p.44)
- • Expansion of branch network for LAP offerings(p.44)
- • International marketing expansion potential(p.115)
- • Increasing regulatory scrutiny and compliance burden(p.46)
- • Tightened FLDG arrangement restrictions(p.46)
- • Concentration risk in lending partnerships(p.32)
- • Macroeconomic slowdown affecting credit growth(p.57)
- • Rising interest rates affecting customer repayment capacity(p.37)
- • Intense competition from banks and other fintech platforms(p.38)
- • Geopolitical instability impacting global financial markets(p.57)
- • Forex volatility affecting rupee valuations(p.59)
- • Ongoing litigation and regulatory investigations(p.38)
- • Data breach and cybersecurity risks(p.37)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Ranvir Singh | Promoter | 18.78% | 13.56% |
| Krishnan Vishwanathan | Promoter | 13.52% | 9.77% |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.