OnEMI Technology Solutions (Kissht) IPO Details 2026
All About OnEMI Technology Solutions IPO
The OnEMI Technology Solutions size is ₹925.92 crore, including a fresh issue of ₹850.00 crore and an offer-for-sale of ₹75.92 crore (0.44 crore equity shares). It is a Book Build issue. The IPO issue opens on April 30, 2026 and closes on May 5, 2026. The share allotment is expected on May 6, 2026, and the listing date is May 8, 2026. OnEMI Technology Solutions is based in Mumbai and operates in the Banking and Finance – FinTech sector. It filed its DRHP on 18th August 2025 and will list its shares on both the NSE and BSE. Kfin Technologies Ltd. is the registrar, while JM Financial Ltd. serves as the book-running lead manager for the offer.
IPO Highlights
IPO Reservation and Lot Size
The company has reserved shares for various investor categories. The Retail Shares reservation is not less than 35% (1,89,51,587 shares), and QIB has not more than 50% (2,70,73,695 shares). Further, the minimum lot size is 87 shares. The anchor investor reservation is up to 60% of the QIB portion (1,62,44,217 shares).
IPO Issue Structure
QIB | 2,70,73,695 |
| Anchor Investor | 1,62,44,216 |
| QIB (Ex. Anchor) | 1,08,29,478 |
NII (HNI) | 81,22,108 |
| bNII > ₹10L | 54,14,739 |
| sNII < ₹10L | 27,07,370 |
Retail | 1,89,51,587 |
Market Maker | |
Total | 5,41,47,390 |
On 18th August 2025, the company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.
IPO GMP
The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares. Track live GMP Today here.
Financial Performance (₹ in Cr)
The company released its restated financial statements for the year ending March 31, 2025. Total revenue was ₹1352.69 crore, decreased from ₹1700.30 crore in the previous year. The net profit for the same period was ₹160.62 crore, decreased from ₹197.29 crore in the previous year. Assets increased by 50% compared to the previous year. The company showed a revenue and profit drop in FY25 compared to FY24. However, the nine-month period for FY26 shows a strong comeback with higher income and profits than the full FY25. The company’s assets and net worth have also consistently grown. This trend should be carefully studied prior to any investment.
| Period Ended | 31-Dec-25 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total Income | 1,559.90 | 1,352.69 | 1,700.30 | 1,001.51 |
| Profit After Tax | 199.26 | 160.62 | 197.29 | 27.67 |
| EBITDA | 488.45 | 403.37 | 358.96 | 97.71 |
| Net Worth | 1,254.34 | 1,005.99 | 804.57 | 566.23 |
| Asset | 3,568.78 | 2,701.10 | 1,796.53 | 1,275.20 |
| Total Debt | 2,047.52 | 1,507.58 | 784.30 | 387.89 |
Key Performance Indicator
| Particulars | 31-Dec-25 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| EBITDA Margin (%) | 31.31 | 30.16 | 21.44 | 9.93 |
| PAT Margin (%) | 12.77 | 12.01 | 11.78 | 2.81 |
| EPS (₹) | 36.98 | 33.09 | 41.27 | 6.26 |
| ROE (%) | 21.18% | 15.97% | 24.52% | 4.89% |
| ROCE (%) | – | – | – | – |
| ROA (%) | 8.48 | 5.95 | 10.98 | 2.17 |
| Debt to Equity (x) | 1.63 | 0.99 | 0.57 | 0.58 |
To understand the above financial ratios / financial performance metrics as per the Draft Red Herring Prospectus, visit here.
OnEMI Technology Solutions Mainboard IPO Review
You must assess the company’s financial position before deciding on investments. You can read our full review article here.
Disclaimer: The information provided on this website is for general informational purposes only. Before making any investment decisions, you must consult with a qualified financial adviser.
IPO Financial Snapshot
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Listing Day TradingBSE, NSE
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OnEMI Technology Solutions Details
OnEMI Technology Solutions Private Limited began operations in 2016. The company operates in the Banking and Finance – FinTech sector. It primarily offers digital loans through its mobile application for various consumption and business needs/The team provides seamless consumer credit solutions and EMI-based payments to clients (online and offline merchants). Its main office is in Mumbai. It serves 9.16 million customers every year. The firm employs 1,278 permanent workers in various departments. Its leadership team has years of industry experience. The company operating under the brand names Kissht (digital lending platform) and Ring (payments app) empowers online and offline merchants with seamless consumer credit solutions and EMI-based payments.
Main Offerings:
Key Strength:
Company Address: 10th Floor, Tower 4, Equinox Park, LBS Marg, Kurla (West), Mumbai, Maharashtra, 400070
You can contact the company via call or email.
+91 22 6947 5600 / compliance@kissht.com
Intermediaries & Key Contacts
Frequently Asked Questions
It is a Mainboard IPO with a size of ₹925.92 crores. The issue consists of a fresh issue of ₹850.00 crores and an Offer for Sale of 0.44 crore shares (aggregating to ₹75.92 crores). The company is a technology-enabled lender operating under the brand names Kissht and Ring.
The IPO opening date is April 30, 2026, and the closing date is May 5, 2026. (Note: The dates have now been officially announced by the company).
The registrar for this IPO is Kfin Technologies Ltd. They handle the allotment process and the initiation of refunds.
The main objective is to augment the capital base of its NBFC subsidiary, Si Creva, by ₹637.50 crores to meet future capital requirements driven by business growth. The remaining amount is for general corporate purposes.
The equity shares are proposed to be listed on both the National Stock Exchange (NSE) and the BSE Ltd. (BSE).
The price band is 162-171₹ and lot size is 87 Shares.
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