OnEMI Technology Solutions (KISSHT) IPO
LISTEDMAINBOARDListing 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 Apr30 Apr 2026
- Close Date
- 05 May05 May 2026
- Min Investment
- ₹14,877
OnEMI Technology Solutions (KISSHT) — Stock Performance
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.
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%
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 for equity shares; offer price should not be considered indicative of post-listing market price.
- •No assurance of active sustained trading post-listing; price at which equity shares will trade after listing cannot be guaranteed.
- •Investment in equity securities involves high degree of risk; bidders may lose entire investment if unable to afford risk.
- •Significant differences exist between Ind AS and other accounting principles including IFRS and U.S. GAAP affecting financial data interpretation.
- •Company subject to Indian regulatory environment which may differ significantly from other jurisdictions affecting operations and compliance.
- •SEBI has not recommended or approved equity shares; SEBI does not guarantee accuracy or adequacy of prospectus contents.
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) | 67 | 5,829 | ₹9,96,759 |
| B-HNI (min) | 68 | 5,916 | ₹10,11,636 |
Subscription Status
Subscription data will appear once bidding begins.
Allotment Statistics
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
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
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
IPO Details
| Registrar | KFin Technologies Ltd. |
| Exchange | NSE & BSE |
| ISIN | — |
| Face Value | ₹1 |
| Issue Size | ₹925.92 Cr |
| Fresh Issue | ₹850.00 Cr |
| OFS Size | ₹75.92 Cr |
| Lead Managers | JM Financial Limited, HSBC Securities and Capital Markets (India) Private Limited, Nuvama Wealth Management Limited, SBI Capital Markets Limited, Centrum Broking Limited |
3-Year Financial Summary
Revenue trend
↓ 9M-FY26→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 1,337.47 | 160.62 | 13.52 | 12.65 | 16.14% |
| FY24 | 1,674.45 | 197.29 | 16.61 | 10.29 | 24.83% |
| FY23 | — | 27.67 | 12.79 | — | 17.74% |
| 9M-FY26 | 1,559.9 | 199.27 | 16.78 | 10.19 | 16.04% |
Detailed Line Items (₹ Cr)
| Line Item | 9M-FY26 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Total Income | 1,583.93 | 1,001.51 | 1,700.3 | 1,352.69 |
| EBITDA | 488.45 | — | 358.96 | 403.37 |
| Net Worth | 1,242.32 | 566.23 | 794.5 | 995.31 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
12.7x
Price ÷ EPS
EPS (FY25)
₹14
Earnings per share
RoNW
16.14%
Return on net worth
ROCE
—
Not in abridged DRHP
EBITDA margin
30.2%
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Check the valuation yourself
Company Fundamentals
12 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | — |
| Equity Shares (Pre-Issue) | 11,87,75,420 |
| Equity Shares (Post-Issue) | — |
| Preference Shares | 55,30,455 |
| ESOP Outstanding | 1,34,38,960 |
| Convertibles | ESOP options outstanding |
Source: OnEMI Technology Solutions (KISSHT) offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
- Ranvir Singh(Promoter)+17.25%
- Krishnan Vishwanathan(Promoter)+13.46%
- Ammar Sdn Bhd(PE / VC)+12.26%
- Vertex Ventures SEA Fund III Pte. Ltd.(PE / VC)+8.40%
- Vertex Growth Fund Pte. Ltd.(PE / VC)+7.35%
- Vertex Growth Fund II Pte. Ltd.(PE / VC)+7.35%
- VenturEast Proactive Fund II(PE / VC)+6.25%
- Endiya Seed Co-creation Fund(PE / VC)+5.68%
- Sistema Asia Fund Pte. Ltd(PE / VC)+5.32%
- VenturEast Proactive Fund LLC(PE / VC)+2.80%
- Abhijit Bhandari(Other)+1.81%
- AION Advisory Services LLP(Other)+1.47%
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 IIT Bombay; Post graduate diploma in management from IIM Bangalore
Over 20 years of experience in the consultancy and finance sectors
- Krishnan Vishwanathan₹0.25 Cr p.a.
Chief Financial Officer and Executive Director
Bachelor of technology in electrical engineering from IIT Delhi; Master of business administration from Yale University
Over 18 years of experience in the consultancy and finance sectors
- Piyush Kharbanda
Non-Executive Nominee Director
Bachelor of engineering in electronics and communications from University of Delhi; Post graduate diploma in management from IIM Ahmedabad
Over 15 years of experience in the finance sector
- Sangeeta Tanwani
Non-Executive and Independent Director
Bachelor's degree in pharmaceuticals from University of Bombay; Masters degree in business administration from University of Pune
- Alok Bansal
Non-Executive and Independent Director
Bachelor of technology in textile technology from Shri Shahu Ji Maharaj University, Kanpur; Post graduate diploma in management from IIM Calcutta
- 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
Key Managerial Personnel (3)
- Shraddha Patangia₹0.08 Cr p.a.
Company Secretary and Compliance Officer
Bachelor of commerce in 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
- Neha Shivran₹1.53 Cr p.a.
Chief Data and Analytics Officer
Bachelor degree in engineering in instrumentation and control from University of Delhi; Master of business administration from Cranfield University
Associated with our Company since January 2, 2019
- Sandeep Kadam₹1.92 Cr p.a.
Chief Technology Officer
Bachelor of engineering in computer branch from University of Pune; Master of science in computer science from University of Southern California
Associated with our Company since June 25, 2024
Source: OnEMI Technology Solutions (KISSHT) offer document (DRHP/RHP).
Industry & Market
Kissht recorded an AUM growth of 79.53% over CAGR Fiscal 2023-2025 being the best in AUM growth, followed by Fibe at 64.11%
Industry figures as stated in OnEMI Technology Solutions (KISSHT)'s offer document.
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| OnEMI Technology Solutions Limited | — | 33.09 | 17.74 | 187.58 |
| Bajaj Finance Limited | 34.36 | 26.89 | 19.19 | 155.6 |
| Cholamandalam Investment & Finance Company Limited | 30.99 | 50.72 | 19.71 | 281.45 |
| HDB Financial Services Limited | 24.7 | 27.4 | 14.72 | 198.8 |
| SBI Cards & Payment Services Limited | 33.28 | 20.15 | 14.82 | 144.86 |
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Criminal | — | 0 | — |
| Tax | Company | 11 | 18.932 |
| Tax | Subsidiaries | 4 | 1.863 |
| Tax | Promoters | 3 | 25.57 |
No outstanding criminal litigations initiated by Senior Management as of the RHP date Direct tax (4 cases, ₹52.83M) and indirect tax (7 cases, ₹136.49M) litigations involving the Company Direct tax (2 cases, ₹18.63M) and indirect tax (2 cases, Nil) litigations involving Subsidiary Direct tax litigations (3 cases, ₹255.70M) involving Promoters; includes cases against Ranvir Singh (Chairman, CEO, Executive Director)
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).
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 while the issue is open for bidding.
What is the GMP-implied price of OnEMI Technology Solutions (KISSHT) IPO?
The GMP-implied price (unofficial, not a forecast) is ₹181: the upper price band of ₹171 plus the latest grey market premium of ₹10, as of 05 May 2026, 11:30 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
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