OnEMI Technology Solutions IPO Opens On 30 April, Listing On NSE And BSE

OnEMI Technology Solutions Limited is all set to enter the primary market. Operating in digital lending, the company will open its Initial Public Offering (IPO) on 30 April 2026 and close it on 05 May 2026.

The company plans to list its shares on both the National Stock Exchange and the Bombay Stock Exchange. With the offer window coming up, here is a closer look at the offer.

OnEMI Technology Solutions: Key IPO Details

Here is a quick snapshot of OnEMI Technology’s IPO:

• IPO opening date: 30 April 2026

• IPO closing date: 05 May 2026

• Anchor investor’s bidding date: 29 April 2026

• Face value: ₹1 per share

• Listing: NSE and BSE

• Issue type: Fresh issue and offer for sale

• Fresh issue: ₹8,500 million

• Offer for sale (OFS): Up to 4,439,788 equity shares

• IPO reservation: 50% for qualified institutional buyers, 15% for non-institutional bidders, and 35% for retail individual bidders

The company is offering the IPO through the book-building route. The price band, however, has not been announced yet. JM Financial Limited, HSBC Securities and Capital Markets (India) Private Limited, Nuvama Wealth Management Limited, SBI Capital Markets and Centrum Broking Limited are appointed as the Book Running Lead Managers (BRLM) for the IPO.

Who Is OnEMI Technology Solutions Limited?

OnEMI Technology Solutions Limited is part of the digital lending segment, working with customers who may find it harder to access formal credit channels.

It is built to run on a technology-first model. Traditional credit checks are just one part of the process. The platform also uses data and alternative scoring methods to offer secured and unsecured loans, including personal loans and loans against property.

A big part of its presence comes from its two consumer-facing brands. Kissht has seen over 60 million app downloads and serves more than 10 million customers, with a focus on quick, digital personal and business loans. Then there is Paywithring, which has crossed 53 million users and is geared towards instant, small-ticket credit, along with a few add-on services like insurance.

Everything runs digitally, from application to disbursal. The idea is to keep the process simple and quick, especially for users who are just starting their credit journey

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What Should Investors Watch Out For?

Around ₹6,375 million from the fresh issue of IPO proceeds is expected to be used towards strengthening the capital base of its NBFC arm, Si Creva. The remaining amount is likely to be used for general corporate purposes. Proceeds from the offer for sale will go to existing shareholders.

There are some clear positives to consider here. The company has grown its customer base using a mix of online and offline channels. Data and machine learning play a role in underwriting and collections, helping with risk control. Its NBFC subsidiary and off-book partnerships support funding needs. This provides some flexibility.

However, a few areas need a closer look. The loan book is largely unsecured. This makes it more sensitive to changes in demand and credit trends. At the same time, growth depends heavily on how well the company can keep adding and retaining customers in a competitive fintech space.

Cash flows have been negative in the past, and that is something to keep an eye on going forward. Another aspect is concentration. A significant portion of the loan book consists of customers from the southern and western parts of India. So, the overall performance can be influenced by how those regions perform.

The business has scale and a clear tech-led approach. The next phase depends on how well it manages risk, funding, and growth.

Source:

RHP