OnEMI Technology Solutions IPO to Launch at ₹162-171 Per Share
OnEMI Technology Solutions (Kissht)
IPOOnEMI Technology Solutions Sets IPO Price Band, Schedules Subscription for April 30
OnEMI Technology Solutions, an Indian fintech firm backed by Temasek Holdings, which operates the digital lending platform Kissht, has set its initial public offering (IPO) price band at ₹162 to ₹171 per equity share with a face value of ₹10. The IPO subscription period is scheduled to begin on Thursday, April 30, and will close on Tuesday, May 5.
The allocation to anchor investors for the OnEMI Technology Solutions IPO is set to take place on Wednesday, April 29. The floor price is 162 times the face value of the equity shares, while the cap price is 171 times the face value of the equity shares. The IPO lot size is 87 equity shares, with investors able to purchase in multiples of 87 equity shares thereafter.
The IPO has reserved not more than 50% of the shares for qualified institutional buyers (QIB), not less than 15% for non-institutional investors (NII), and not less than 35% of the offer for retail investors. OnEMI Technology Solutions aims to raise up to ₹850 crore by issuing new shares, while investors such as Temasek's Vertex Holdings, Ventureast Proactive Fund, and Ammar Sdn Bhd will sell ₹44.39 lakh shares valued at ₹75.92 crore through an offer-for-sale.
| Category | Reservation | Percentage |
|---|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% | |
| Non-Institutional Investors (NII) | Not less than 15% | |
| Retail Investors | Not less than 35% |
The company's promoters, Ranvir Singh and Krishnan Vishwanathan, possess a 32.3% ownership stake, while the remaining 67.7% is held by public shareholders. Vertex Holdings, a subsidiary of Temasek Holdings, is the largest stakeholder in the firm with a 22.68% stake held through three subsidiaries.
On the financial side, OnEMI Technology Solutions reported a profit of ₹199.2 crore and revenues totaling ₹1,559.9 crore for the nine-month period ending December 2025. The company's IPO documentation was submitted to SEBI in August 2025, with the draft documents receiving approval from the capital markets regulator in January 2026.
The OnEMI Technology Solutions share price is likely to be listed on the BSE and NSE on Friday, May 8. The company will initiate refunds on Thursday, May 7, while the shares will be credited to the demat account of allottees on the same day following refund. The basis of allotment of shares will be finalized on Wednesday, May 6.
Investor Takeaway
Investors should note the IPO price band and subscription dates for OnEMI Technology Solutions.
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