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OnEMI Technology Solutions IPO: GMP Today, Price Band & Full Review
Table of Contents
OnEMI Technology Solutions IPO- Company Analysis
OnEMI Technology Solutions IPO under the Mainboard IPO category is a bookbuild issue of Rs. 925.92 Cr by OnEMI Technology Solutions Limited, and is an Indian technology-enabled lender that mainly provides digital loans for a range of consumer and corporate needs via its mobile application.
Operating under the brands Kissht (digital lending platform) and Ring (payments app), OnEMI provides online and offline retailers with easy consumer credit options and EMI-based payments. Si Creva Capital Services, its NBFC partner, is in charge of loan disbursement, KYC, and EMI collections.
OnEMI Technology Solutions IPO Details
The OnEMI Technology Solutions IPO date of opening is 30 Apr 2026, its initial public offering will end on 05 May, IPO allotment on May 06 and refund initiation on May 07, 2026.
The Rs. 925.92 crore new Mainboard IPO comprises a combination of fresh issue of 4.97 crore shares (₹850 crores) and offer for sale of 0.44 crore shares.
The OnEMI Technology Solutions IPO listing date (expected) might be on Friday, May 08, 2026, and listing at the BSE and NSE.
The OnEMI Technology Solutions IPO price band is Rs. 162 to Rs. 171.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Apr 30, 2026 |
|
IPO Closing Date |
May 05, 2026 |
|
IPO Allotment Date |
May 06, 2026 |
|
Refund Initiation |
May 07, 2026 |
|
IPO Listing Date |
May 08, 2026 |
Industry Overview
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
2,701.10 |
1,796.53 |
1,275.20 |
|
Total Income |
1,352.69 |
1,700.30 |
1,001.51 |
|
Profit After Tax |
160.62 |
197.29 |
27.67 |
|
EBITDA |
403.37 |
358.96 |
97.71 |
|
NET Worth |
1,005.99 |
804.57 |
566.23 |
|
Reserves |
995.32 |
794.50 |
556.17 |
|
Total Borrowing |
1,507.58 |
784.30 |
387.89 |
Cash Flows
(Amount in Mn)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
(6,614.26) |
(6,374.34) |
1,114.78 |
|
Net Cash Flow Investing Activities |
(332.28) |
404.22 |
(724.53) |
|
Net Cash Flow Financing Activities |
5,423.40 |
3,120.81 |
4,435.90 |
Revenue Bifurcation
(Source: DRHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Augmenting the capital base of Subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of Subsidiary. ~ Rs. 637.50 Cr.
Listed Peers of OnEMI Technology Solutions Ltd.
|
Name of Company |
Face Value (₹) |
Basic EPS (₹) |
PE Ratio (x) |
|
Bajaj Finance Limited |
1 |
26.89 |
34.36 |
|
Cholamandalam Investment & Finance Company Limited |
2 |
50.72 |
30.99 |
|
HDB Financial Services Limited |
10 |
27.40 |
24.70 |
|
SBI Cards & Payment Services Limited |
10 |
20.15 |
33.28 |
Valuation
|
KPI |
Value |
|
ROE |
17.74% |
|
Debt/Equity |
1.50 |
|
RoNW |
15.97% |
|
Price to Book Value |
- |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 33.09 from the last year, the resulting P/E ratio is 5.16x.
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IPO's Strengths
- A sizable customer base obtained by using a variety of multi-channel acquisition techniques.
- Enhancing asset quality with thorough and sophisticated risk management.
- Availability of scalable and diverse funding sources.
- AI-powered, cloud-native, scalable technology platform that is integrated into all essential operations.
- Prominent investors support seasoned founders and leadership.
IPO's Weaknesses
- Geographical concentration risk.
- Negative cash flows in the past.
- Subsidiary dependence.
OnEMI Technology Solutions IPO GMP (Grey Market Premium)
OnEMI Technology Solutions IPO GMP today has not started yet as of 27 Apr 2026 while writing this information.
OnEMI Technology Solutions IPO Summary
|
IPO Opening & Closing Date |
30 Apr, 2026 to 05 May, 2026 |
|
Face Value |
Rs. 1 per Share |
|
Issue Price |
Rs. 162 to Rs. 171 per Share. |
|
Lot Size |
87 Shares |
|
Issue Size |
5,41,47,390 Shares (Rs. 926 Cr) |
|
Offer for Sale |
44,39,788 Shares (Rs. 76 Cr) |
|
Fresh Issue |
4,97,07,602 Shares (Rs. 850 Cr) |
|
Listing at |
BSE, NSE |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
HNI (Min) |
14 Lots |
OnEMI Technology Solutions IPO Allotment Status
To check the OnEMI Technology Solutions IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of OnEMI Technology Solutions Ltd.
- Ranvir Singh
- Krishnan Vishwanathan
|
Pre-Issue Promoter Shareholding |
32.30% |
|
Post-Issue Promoter Shareholding |
23.33% |
IPO Lead Managers
- JM Financial Ltd.
Dividend Policy
The company has not paid a dividend during the last three financial years.
Conclusion
OnEMI Technology Solutions IPO offers exposure to the fast-growing digital lending and fintech space, backed by strong technology and a scalable business model. However, investors should carefully evaluate its negative cash flows, rising borrowings, and dependency on its NBFC subsidiary before applying.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is only for educational purposes. Always discuss with your SEBI-registered financial advisor for investment-related decisions.
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