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OnEMI Technology Solutions Private Limited is a technology-enabled lender based in India. It was incorporated on June 18, 2016. It is a digital lender that offers loans through its mobile application for various consumption and business needs. The company operates under the brand names ‘Kissht’ (digital lending platform) and ‘Ring’ (payment application). It enables online and offline merchants with seamless consumer credit solutions and EMI-based payment solutions. Its NBFC partner is ‘Si Creva Capital Services,’ which handles loan disbursements, KYC, and EMI collections. As of March 31, 2025, the company had 53.23 million registered users and served 9.16 million customers. It also had a rating of 4.6 stars on the Play Store based on over 1.00 million user reviews. It also had a net promoter score of 91. Products: Personal Loans: It offers personal loans to salaried as well as self-employed individuals for meeting various consumption and business needs. Loan against Property: It offers loan against property to asset-holding MSME and salaried individuals who seek long-term loans for business growth and working capital requirements. As of March 31, 2025, the company had 1,278 permanent employees.
Sotefin Bharat
| Companies Name | Open - Close | Issue Size | Min. Qty | Issue Price | Apply |
|---|---|---|---|---|---|
Sotefin Bharat SME | 16th Jul 2026 - 20th Jul 2026 | 89.76 Cr | 600 Shares | ₹ 178.00 | |
Caliber Mining & Logistics Mainboard | 17th Jul 2026 - 21st Jul 2026 | 450.00 Cr | 35 Shares | ₹ 402.00 |

Open Date
Apr 30, 2026
Close Date
May 5, 2026
Min Investment
₹14,877
Lot Size
87 Shares
Issue Size
₹925.92 Cr
Price Range
₹162 - ₹162
Listing Date
May 8, 2026
IPO Doc
RHP PDFRevenue Growth
Company Valuation
Earning Expansion
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.
Company to use ₹637.5 cr to boost Si Creva capital for growth Part of the IPO proceeds will be used for general corporate purposes and issue expenses.
Investment in subsidiary
75%
General corporate purposes
25%
Company to use ₹637.5 cr to boost Si Creva capital for growth
Part of the IPO proceeds will be used for general corporate purposes and issue expenses.
Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).
In Cr.
| Key Performance Indicator | 31-Dec-25 (In Cr.) | 31-Mar-25 (In Cr.) | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) |
|---|---|---|---|---|
| Revenue | 1,583.93 | 1,352.69 | 1,700.30 | 1,001.51 |
| EBITDA | 488.45 | 403.37 | 358.96 | 97.71 |
| Expenses | ||||
| Profit After Tax | 199.27 | 160.62 | 197.29 | 27.67 |
| Assets | 3,568.78 | 2,701.10 | 1,796.53 | 1,275.20 |
| Net Worth | 1,254.34 | 1,005.99 | 804.57 | 566.23 |
| Reserves | 1,242.32 | 995.32 | 794.50 | 556.17 |
| Borrowing | 2,047.52 | 1,507.58 | 784.30 | 387.89 |
Ranvir Singh
Krishnan Vishwanathan
32.30%
23.33%
OnEMI Technology Solutions (Kissht)
10 th Floor, Tower 4, Equinox Park, LBS Marg, Kurla (West), Mumbai, Maharashtra, 400070
The AUM has expanded to ₹5,956 crore from ₹1,268 crore in FY23, owing to the presence of a well-balanced ratio between its on-book and off-book portfolios, which is 51.13% and 48.87%, respectively. The company has a highly conservative leverage of 1.63x, funded from 47 sources and rated A-/stable, whereas off-book structures help improve capital efficiency.
94.23% of AUM worth ₹5,956 crore is unsecured, while financial performance has weakened, with total income declining 20.44% to ₹1,353 crore and PAT falling 18.59% to ₹161 crore in FY25. A largely unsecured portfolio amid falling revenues and rising NPAs reduces overall financial resilience.
On-book borrowing worth ₹3,045 crore is done exclusively via the company’s wholly owned subsidiary Si Creva, giving rise to a one-stop point risk factor. This subsidiary has received attention from regulatory bodies for having shortcomings in policies and being listed in the past as a risky entity by FIU-IND. Further, the corporation has provided corporate guarantees worth ₹1,549 crore for borrowings of the same subsidiary.
The AUM is very concentrated; 61.47% are invested in South India (35.1%) and West India (26.4%), which makes the portfolio vulnerable to regional risk factors. Furthermore, 48.87% of the AUM of ₹2,911 crore is off-book and dependent on a few lending partners; the top three account for 45.75%. As these partners do not have exclusive and permanent contracts, their exit can severely hinder growth