OnEMI Technology Solutions to Launch Rs 926-Crore Initial Public Offering on April 30

OnEMI Technology Solutions Set to Launch Maiden Public Issue

OnEMI Technology Solutions, the Indian fintech company behind the digital lending platform Kissht, is gearing up to launch its Rs 926-crore maiden public issue for subscription on April 30. The price band for the offer has been fixed at Rs 162-171 per share, valuing the company at Rs 2,881 crore.

The company will raise up to Rs 850 crore by issuing fresh shares, while investors including Temasek's Vertex Holdings, Ventureast Proactive Fund, and Ammar Sdn Bhd will be selling Rs 44.39 lakh shares worth Rs 75.92 crore via offer-for-sale. The IPO will be open for subscription until May 5, with the one-day IPO anchor book to be opened on April 29.

The IPO share allotment is expected to be finalised by May 6, with the shares available for trading on the bourses effective May 8. Of the fresh issue proceeds, Rs 637.5 crore will be utilised for augmenting the capital base of its subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of business. The remainder funds will be kept for general corporate purposes.

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Key Details of the IPO

Founded in 2016, Mumbai-based OnEMI Technology Solutions filed IPO papers with SEBI in August 2025. The draft papers were cleared by the capital markets regulator in January 2026. Promoters Ranvir Singh and Krishnan Vishwanathan hold 32.3 percent stake in the company, while the remaining 67.7 percent shares are owned by public shareholdings.

On the financial front, OnEMI Technology Solutions has recorded a profit of Rs 199.2 crore and revenue of Rs 1,559.9 crore for the nine months period ended December 2025. The company's subsidiary Si Creva, a middle-layer NBFC, offers unsecured personal loans to salaried and self-employed individuals.

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JM Financial, HSBC Securities and Capital Markets (India), Nuvama Wealth Management, SBI Capital Markets, and Centrum Broking have been appointed as the merchant bankers for managing the OnEMI Technology Solutions IPO. Vertex Holdings, the largest shareholder in the company, holds a 22.68 percent stake through three subsidiaries, while Ammar Sdn Bhd holds 12.13 percent shares at the time of filing the RHP on April 25.