OnEMI Technology Solutions (KISSHT) IPO
LISTEDMAINBOARDNEUTRALListing Performance
▲ 11.11%
Issue Price
₹171
Listing Price
₹190
Listed On
08 May 2026
- Price Band
- ₹162 – ₹171
- Lot Size
- 87
- Lot Value
- ₹14,877
- Open Date
- 30 Apr 2026
- Close Date
- 05 May 2026
- Min Investment
- ₹14,877
OnEMI Technology Solutions (KISSHT) — Live Stock Performance
IPO Timeline
Issue Opens
30 Apr 2026 · Thu
Issue Closes
05 May 2026 · Tue
Bidding Cut-off (UPI Mandate)
05 May 2026 · 5:00 PM IST
Allotment
06 May 2026 · Wed
Listing
08 May 2026 · Fri
About OnEMI Technology Solutions (KISSHT)
Provides digital lending platform offering unsecured personal loans, secured loans against property (LAP), and other financial products through a mobile application and lending partners.
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: NSE & BSE
Strengths (6)
- •Large customer base of 63.73 million registered users through diversified multi-channel acquisition strategy
- •Advanced AI and ML-based risk management with proprietary underwriting models across customer segments
- •Diversified funding sources including on-book and off-book loans from 47 lenders
- •Scalable cloud-native technology platform with 99.99% uptime managing entire lending lifecycle
- •Experienced founders with 18+ years in financial services and fintech sector
- •Consistent growth with AUM CAGR of 79.53% and PAT CAGR of 140.95%
Risk Factors (6)
- •First public issue with no formal market history; offer price may not reflect post-listing market price or trading activity
- •High-degree equity investment risk; bidders may lose entire investment if company or market conditions deteriorate
- •Significant accounting differences between Ind AS, IFRS, Indian GAAP, and U.S. GAAP may affect financial interpretation
- •Regulatory environment in India differs significantly from other jurisdictions and may impact business operations
- •Company subject to regulatory risks and uncertainties in fintech/lending sector which could impair business prospects
- •Forward-looking statements involve risks; actual results may differ materially from anticipated outcomes
📊 Algorithmic Score
Computed from issue structure — GMP, fresh issue %, OFS %, issue size
Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.
✍️ Demand & Risk Analysis
Based on market demand signals — subscription, GMP trend, risk factors
IPO Market Analysis
▲ Listed +11.1%Mixed signals — moderate demand and average GMP suggest cautious participation. Apply based on company fundamentals rather than listing gain expectations.
Pre-listing prediction: NEUTRAL
IPO Details
| Registrar | KFin Technologies Ltd. |
| Exchange | NSE & BSE |
| ISIN | — |
| Face Value | ₹1 |
| Issue Size | ₹926.00 Cr |
| Fresh Issue | ₹85.00 Cr |
| OFS Size | — |
| Lead Managers | JM Financial Limited, HSBC Securities and Capital Markets (India) Private Limited, Nuvama Wealth Management Limited, SBI Capital Markets Limited, Centrum Broking Limited |
Company Fundamentals
10 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | — |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
| Preference Shares | 55,30,455 |
| ESOP Outstanding | 1,34,38,960 |
| Convertibles | 5,530,455 Preference Shares convertible to maximum 64,570,670 Equity Shares |
Source: OnEMI Technology Solutions (KISSHT) offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in OnEMI Technology Solutions (KISSHT)'s filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in OnEMI Technology Solutions (KISSHT)'s filing.
Source: OnEMI Technology Solutions (KISSHT) offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
- AMMAR SDN BHD11,56,317 sh
- VERTEX VENTURES SEA FUND III PTE. LTD.7,92,308 sh
- VERTEX GROWTH FUND PTE. LTD.4,56,831 sh
- VERTEX GROWTH FUND II PTE. LTD.4,56,831 sh
- VENTUREAST PROACTIVE FUND II5,89,519 sh
- ENDIYA SEED CO-CREATION FUND5,35,367 sh
- VENTUREAST PROACTIVE FUND LLC2,64,522 sh
- AION ADVISORY SERVICES LLP1,38,758 sh
- VENTUREAST PROACTIVE FUND48,108 sh
- VENTUREAST SEDCO PROACTIVE FUND LLC1,227 sh
Source: OnEMI Technology Solutions (KISSHT) offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- Ranvir Singh₹0.25 Cr p.a.
Chairman, Chief Executive Officer, and Executive Director
Bachelor of Technology in Mechanical Engineering from Indian Institute of Technology, Bombay; Post Graduate Diploma in Management from Indian Institute of Management, Bangalore
Over 20 years of experience in the consultancy and finance sectors. Previously associated with McKinsey and Company Inc – India, Shinka Technologies Private Limited, and Si Creva Consulting Services Private Limited. Founding member of the Fintech Association for Consumer Empowerment.
- Krishnan Vishwanathan₹0.25 Cr p.a.
Chief Financial Officer and Executive Director
Bachelor of Technology in Electrical Engineering from Indian Institute of Technology, Delhi; Master of Business Administration from Yale University
Over 18 years of experience in the consultancy and finance sectors. Previously associated with McKinsey and Company Inc – India, Silicon Access Networks, Analog Devices, Alliance Semiconductor (India) Private Limited, Shinka Technologies Private Limited, and Si Creva Consulting Services Private Limited.
- Piyush Kharbanda
Non-Executive Nominee Director
Bachelor of Engineering (Electronics and Communications) from University of Delhi; Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad
Over 15 years of experience in the finance sector. Previously associated with Multiples Alternate Asset Management Private Limited and Alvarez and Marsal India Private Limited. Currently associated with Vertex Ventures SEA Management India Private Limited as a general partner.
- Sangeeta Tanwani
Non-Executive and Independent Director
Bachelor's degree in Pharmaceuticals from University of Bombay; Master's degree in Business Administration from University of Pune
Associated with Kellogg India Private Limited, HSBC Bank Middle East Limited, Aditya Birla Fashion and Retail Limited, and Hindustan CIBA-GEIGY Limited (now known as Novartis India Limited).
- Alok Bansal
Non-Executive and Independent Director
Bachelor of Technology (Textile Technology) from Shri Shahu Ji Maharaj University, Kanpur; Post Graduate Diploma in Management from Indian Institute of Management, Calcutta
Previously associated with Voltas Limited, General Electric International Operations Co. Inc. (India), iGate Global Solutions Limited, Mahindra and Mahindra Limited, and FE Global Technology Services Private Limited.
- Yogesh Chadha
Non-Executive and Independent Director
Bachelor in Commerce (Honours) from University of Delhi; Member of the Institute of the Chartered Accountants of India
Previously associated with Al-Makateb Co. Ltd., Ramah Aluminium Factory Company Ltd., and J.P. Morgan Services India Private Limited. Member of the Institute of the Chartered Accountants of India.
Key Managerial Personnel (3)
- Shraddha Patangia₹0.01 Cr p.a.
Company Secretary and Compliance Officer
Bachelor of Commerce (Accounting and Finance) from University of Mumbai; Bachelor of Laws from University of Mumbai; Associate Member of the Institute of Company Secretaries of India
Associated with our Company since August 12, 2024. Oversees compliance with corporate law, including convening and documenting Board, general and committee meetings, maintaining statutory records, and ensuring timely regulatory filings. Previously associated with Kachow! (Amplywealth Solutions Private Limited), Legalite Advisors LLP, VPP & Associates, and Si Creva Capital Services Private Limited.
- Neha Shivran₹0.18 Cr p.a.
Chief Data and Analytics Officer
Bachelor degree in Engineering (Instrumentation and Control) from University of Delhi; Master of Business Administration from Cranfield University
Associated with our Company since January 2, 2019. Leads development and deployment of machine learning frameworks and oversees advanced analytics. Previously associated with Lenddo Pte. Ltd, Trans Union Software Services Private Limited, State Bank of India, RBS India Development Centre (P) Limited, and Asymmetrix Solutions Private Limited.
- Sandeep Kadam₹0.19 Cr p.a.
Chief Technology Officer
Bachelor of Engineering (Computer Branch) from University of Pune; Master of Science (Computer Science) from University of Southern California
Associated with our Company since June 25, 2024. Responsible for formulating and executing the Company's technology strategy, overseeing engineering functions, managing technical operations. Previously associated with AlbaCo Limited, Dhani Loans and Services Limited, Jwala Technology Systems Private Limited, Saavan LLC, Saavn Media Private Limited, and Yahoo!.
Source: OnEMI Technology Solutions (KISSHT) offer document (DRHP/RHP).
Industry & Market
OnEMI Technology Solutions Ltd (Kissht) recorded the highest AUM growth rate of 79.53% CAGR from Fiscal 2023 to Fiscal 2025 among digital lending peers and highest PAT growth rate of 140.95% CAGR among all listed and new-age peers
Industry figures as stated in OnEMI Technology Solutions (KISSHT)'s offer document.
Use of IPO Proceeds
Total allocation: ₹637.50 Cr (excludes issue expenses)
Promoters
Ranvir Singh
Chairman, Chief Executive Officer and Executive Director · age 47
Pre-issue: 18.78%
Krishnan Vishwanathan
Pre-issue: 13.52%
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 87 | ₹14,877 |
| Retail (max) | 13 | 1,131 | ₹1,93,401 |
| S-HNI (min) | 14 | 1,218 | ₹2,08,278 |
| S-HNI (max) | 66 | 5,742 | ₹9,81,882 |
| B-HNI (min) | 67 | 5,829 | ₹9,96,759 |
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| OnEMI Technology Solutions Limited | — | 33.09 | 17.74 | 187.58 |
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Tax | Company | 11 | 1.893 |
| Tax | Subsidiaries | 4 | 0.186 |
| Tax | Promoters | 3 | 2.557 |
The company faces material tax litigation with a GST demand of ₹64.68 million for FY 2020-2021, which is under appeal. The subsidiary has initiated 33,170 complaints under BNS sections 316 and 318 for loan defaults totaling ₹3,889.35 million, and 100 recovery proceedings under the Payment and Settlement Systems Act totaling ₹56.96 million, all in the ordinary course of business. The promoter faces two material income tax matters totaling ₹249.76 million for assessment years 2022-23 and 2023-24, both under appeal.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:KFin Technologies Ltd.→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
3-Year Financial Summary
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | — | 160.62 | — | — | — |
| FY24 | — | 197.29 | — | — | — |
| FY23 | — | 27.67 | 12.79 | — | 17.74% |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Income | 1,001.51 | 1,700.3 | 1,352.69 |
| Net Worth | 566.23 | 804.57 | 1,005.99 |
From the company's offer document (DRHP/RHP); restated figures where available.
Subscription Status
Subscription data will appear once bidding begins.
Allotment Statistics
Basis of Allotment
Category-wise subscription & allotment ratio
Recently Listed IPOs
| Company | Listed | Listing Gain |
|---|---|---|
| LEAP India | 14 Aug 2026 | — |
| Technocraft Ventures | 14 Aug 2026 | — |
| Ardee Industries | 12 Aug 2026 | +35.85% |
Related IPOs
Documents
Frequently Asked Questions
When is the OnEMI Technology Solutions (KISSHT) IPO opening?
The OnEMI Technology Solutions (KISSHT) IPO opens on 30 Apr 2026 and closes on 05 May 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the OnEMI Technology Solutions (KISSHT) IPO?
The price band for the OnEMI Technology Solutions (KISSHT) IPO is ₹162 to ₹171. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the OnEMI Technology Solutions (KISSHT) IPO?
The minimum lot size is 87 shares with a minimum investment of ₹14,877. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of OnEMI Technology Solutions (KISSHT) IPO today?
The latest Grey Market Premium for OnEMI Technology Solutions (KISSHT) is ₹10 (+6.00%). GMP is unofficial data and is not a guarantee of listing price.
When will the OnEMI Technology Solutions (KISSHT) IPO list on NSE and BSE?
The OnEMI Technology Solutions (KISSHT) IPO is expected to list on 08 May 2026 on NSE & BSE. Actual listing day trading begins at the start of the normal market session.
How can I check the OnEMI Technology Solutions (KISSHT) IPO allotment status?
The registrar for this IPO is KFin Technologies Ltd.. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the OnEMI Technology Solutions (KISSHT) IPO a mainboard or SME issue?
OnEMI Technology Solutions (KISSHT) is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the OnEMI Technology Solutions (KISSHT) IPO?
You can apply for the OnEMI Technology Solutions (KISSHT) IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.
What is the expected listing price of OnEMI Technology Solutions (KISSHT) IPO?
Based on the current GMP of ₹10, the expected listing price of OnEMI Technology Solutions (KISSHT) is ₹181 (issue price ₹171 + GMP ₹10). Note that GMP is unofficial grey market data and actual listing price may differ.
Should I subscribe to OnEMI Technology Solutions (KISSHT) IPO?
Based on our algorithmic analysis, OnEMI Technology Solutions (KISSHT) IPO is rated NEUTRAL with medium confidence. Mixed signals — moderate demand and average GMP suggest cautious participation. Apply based on company fundamentals rather than listing gain expectations. This is not investment advice — please read the DRHP and consult a financial advisor before investing.
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