OnEMI Technology Solutions IPO 2026: Dates, band, size

IPO opens April 30 with May 8 listing target

OnEMI Technology Solutions, the Indian fintech that operates the digital lending platform Kissht, is set to open its initial public offering (IPO) for subscription on April 30. The issue will close on May 5, with the anchor book scheduled to open for one day on April 29. The basis of allotment is expected to be finalised by May 6. The company’s shares are slated to begin trading on the stock exchanges on May 8. The IPO is being positioned as OnEMI’s maiden public issue. The company is backed by Temasek Holdings.

Price band and valuation

The IPO price band has been fixed at Rs 162-171 per share. At the upper end of the band, OnEMI is valued at Rs 2,881 crore, as per the information provided. The lot size is 87 shares. The offer is a book-built issue and is proposed to be listed on BSE and NSE. The headline issue size has been stated as Rs 926 crore, with a more precise figure of Rs 925.92 crore mentioned in the detailed disclosures.

Issue structure: fresh issue plus offer for sale

The IPO is a mix of fresh issue and offer for sale (OFS). The fresh issue component is Rs 850 crore. The OFS portion is Rs 75.92 crore, through which existing investors will sell 44.39 lakh shares. Investors participating in the OFS include Temasek’s Vertex Holdings, Ventureast Proactive Fund, and Ammar Sdn Bhd. The structure indicates that a large share of proceeds will go to the company, while the OFS enables partial monetisation by certain shareholders.

Use of proceeds: capital for Si Creva and general purposes

OnEMI has outlined specific uses for the fresh issue proceeds. Of the Rs 850 crore fresh issue, Rs 637.5 crore will be used to augment the capital base of its subsidiary, Si Creva, to meet future capital requirements arising from business growth. The remaining amount will be used for general corporate purposes. The use-of-funds description ties the IPO proceeds directly to balance sheet support for the lending subsidiary and broader corporate needs.

Business snapshot: Kissht and the NBFC subsidiary

OnEMI Technology Solutions operates the digital lending platform Kissht. Its subsidiary, Si Creva, is described as a middle-layer NBFC. Si Creva offers unsecured personal loans to salaried and self-employed individuals. The company’s structure highlights a combination of a consumer-facing digital platform and an NBFC entity that originates loans. The stated use of IPO funds suggests that capital adequacy and growth funding at the NBFC level are central to the fund-raise.

Shareholding and promoters

The promoters named are Ranvir Singh and Krishnan Vishwanathan. They hold a 32.3 percent stake in the company, while the remaining 67.7 percent is held by public shareholders. This snapshot is relevant for investors assessing promoter skin-in-the-game and the existing ownership mix. The OFS is being undertaken by certain investors, while the promoters’ stated percentage provides context on control and governance.

Regulatory timeline and filing history

OnEMI Technology Solutions was founded in 2016 and is based in Mumbai. The company filed its IPO papers with SEBI in August 2025. The draft papers were cleared by the capital markets regulator in January 2026. Separately, SEBI approval for the IPO has also been cited as having been received on January 8, 2026, with the approval stated to be valid for 12 months. These milestones set the backdrop for the April 2026 launch window.

Financial performance: profit and revenue disclosures

OnEMI reported a profit of Rs 199.2 crore and revenue of Rs 1,559.9 crore for the nine-month period ended December 2025. A separate financial snapshot for the April-December 2025 period reported total income of Rs 1,583.93 crore and net profit of Rs 199.27 crore. For FY2025, income was reported at Rs 1,352.69 crore with net profit of Rs 160.62 crore. The April-December snapshot also reported total borrowings of Rs 2,047.52 crore. These figures give investors a basis to assess scale, profitability, and leverage, as presented in the disclosures.

Investor reservation and key intermediaries

The issue allocation has been specified across investor categories. Up to 50 percent of the issue is reserved for qualified institutional buyers (QIBs), 35 percent for retail investors, and 15 percent for non-institutional investors (NIIs). The book-running lead managers for the IPO include JM Financial, HSBC Securities and Capital Markets (India), Nuvama Wealth Management, SBI Capital Markets, and Centrum Broking. Kfin Technologies has been named as the registrar. These details matter for process readiness, distribution strength, and investor access.

Key IPO facts at a glance

Why the issue structure matters for investors

The IPO’s heavy tilt towards a fresh issue indicates that balance sheet funding is a central objective, particularly through the capital infusion planned for Si Creva. For a lending-led business, capital availability can shape the ability to expand the loan book, subject to regulatory and risk constraints. The OFS element is relatively smaller in value terms, but it provides clarity on which investors are reducing exposure. The disclosed borrowings figure of Rs 2,047.52 crore (for the April-December 2025 snapshot) also provides context on the group’s leverage as it approaches the public markets.

Conclusion

OnEMI Technology Solutions’ IPO opens on April 30 with a price band of Rs 162-171 and a targeted listing date of May 8. The company plans to use a significant portion of the fresh issue proceeds to bolster the capital base of its NBFC subsidiary, Si Creva, while the issue also includes a smaller OFS by certain investors. With anchor bidding on April 29 and allotment expected by May 6, the next set of milestones for investors will be subscription data during April 30 to May 5 and the final allotment outcome.