OnEMI Technology Solutions IPO: Everything You Need to Know Before Applying

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OnEMI Technology Solutions IPO review with GMP, subscription status, price band, lot size, financials, risks and listing expectations. Know IPO dates, registrar, lead manager and strategy before you apply.

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OnEMI Technology IPO GMP Today : ₹1.15 per share on 04.05.2026, indicating Neutral market sentiment.

OnEMI Technology Solutions IPO subscription : 0.63X

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OnEMI Technology Solutions IPO TIME TABLE :

Event	Date
IPO Opens	April 30, 2026 (already open!)
IPO Closes	May 5, 2026
Allotment Finalization	May 6, 2026
Shares to Demat	May 7, 2026
Expected Listing Date	May 8, 2026

Make sure you complete your UPI mandate before 5 PM on May 5. I have seen so many applications get rejected just because people forgot to approve the mandate.

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OnEMI Technology Solutions IPO Lot Size and Minimum Investment

Investor Category	Lots	Shares	Investment (@ ₹171)
Retail (Min)	1	87	₹14,964
Retail (Max)	13	1,131	₹1,94,532
S-HNI (Small HNI)	14	1,218	₹2,09,496
S-HNI (Max)	67	5,829	₹9,96,759
B-HNI (Big HNI) Min	68	5,916	₹10,11,636

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OnEMI Technology Solutions IPO-Key Financials

Profit & Loss Statement

Particulars (₹ in Cr)	FY23	FY24	FY25
Revenue from Operations	984.46	1,674.45	1,337.46
EBITDA	97.71	358.96	403.37
Profit After Tax (PAT)	27.67	197.29	160.62
EPS (₹)	6.26	41.27	33.09

Balance Sheet Highlights

Particulars	FY23	FY24	FY25
Net Worth (₹ Cr)	566.23	804.57	1,005.99
Debt to Equity (x)	0.69	0.97	1.50
Return on Net Worth (%)	4.89%	24.52%	15.97%

Key Financial Ratios

Ratio	FY23	FY24	FY25
ROE (%)	6.93%	28.78%	17.74%
ROA (%)	3.25%	12.85%	7.14%
EBITDA Margin (%)	~9.9%	~21.4%	~30.1%
PAT Margin (%)	~2.8%	~11.8%	~12.0%

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OnEMI Technology Solutions IPO-KPIs

KPI	Value
ROE (Return on Equity)	~17.74%
ROA (Return on Assets)	~7.14%
Debt to Equity Ratio	1.50x
PAT Margin	~12.0%
EBITDA Margin	~30.1%
Gross NPA	~3.0%
Net NPA	~1.3%
Cost to Income Ratio	~55–60%
AUM (Assets Under Management)	₹5,900+ Cr
Yield on Loans	~28–30%

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About OnEMI Technology Solutions Limited (Kissht)

OnEMI Technology Solutions Limited is a Mumbai based fintech company that operates in the fast growing digital lending space. Founded in 2016, the company is best known for its consumer lending platform Kissht, which offers quick and hassle free loans through a mobile app.

In simple terms, OnEMI is trying to solve one big problem, making credit easily available to people who may not have access to traditional banking loans.

What Does the Company Do?

The company provides instant digital loans to customers for various needs like :

• Personal loans
• Consumer durable financing
• Merchant purchases

All of this happens through a fully digital process, where users can apply, get approval, and receive funds within minutes.

Its platform is powered by AI driven and cloud based technology, which manages the entire loan lifecycle from application to repayment.

Key Product – Kissht App

The company’s main product is the Kissht app, which acts as a digital credit platform.

• Offers instant small-ticket loans
• Minimal documentation required
• Targets young, salaried, and new to credit customers

Think of it as a “credit on demand” app, similar to Buy Now Pay Later (BNPL) services, but with a wider loan offering.

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Business Model (How It Makes Money)

OnEMI earns revenue mainly through:

• Interest income on loans
• Processing fees
• Late payment charges

Since most of its loans are unsecured (no collateral), the company charges higher interest rates, which boosts margins but also increases risk.

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Market Opportunity

India’s digital lending market is growing rapidly and OnEMI is well positioned in this space.

• Increasing smartphone usage
• Rising demand for instant credit
• Expansion of fintech ecosystem

The company has also shown strong growth in customer base and assets under management (AUM), indicating rising adoption

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OnEMI Technology Solutions IPO– Anchor Investor Details

Before the IPO opened for the public, OnEMI Technology Solutions raised a significant amount from anchor investors, which gives an early signal about institutional interest.

Anchor Investment Summary

• Total Amount Raised: ₹277.77 crore
• Number of Anchor Investors: 22 institutional investors
• Shares Allotted: ~1.62 crore shares
• Allocation Price: ₹171 per share (upper price band)
• Anchor Bidding Date: April 29, 2026

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OnEMI Technology Solutions IPO-Final Take

OnEMI Technology Solutions comes with a strong fintech story backed by rising demand for digital credit in India. The company has shown improving margins and solid AUM growth, which clearly indicates that the business is scaling well.

But there’s a flip side you shouldn’t ignore.

A large portion of its loan book is unsecured, which naturally brings higher risk. In addition to that moderate GMP and average subscription trends, and this IPO doesn’t exactly scream “listing day blockbuster.”

So, what should you do?

• For listing gains : This looks like a safe skip or at best a very cautious apply
• For long term investors: Can be considered, but only if you are comfortable with risk + volatility in fintech/NBFC space

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Verdict

Good growth potential
Improving financials
But comes with noticeable risk

Rating: 6/10
Recommendation: Apply for long term (risk tolerant investors), avoid for listing gains.

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Disclaimer :

This article is intended for informational and educational purposes only and should not be considered as investment advice or a recommendation to subscribe to any IPO. Readers are strongly encouraged to conduct their own research, consult with a qualified financial advisor, and review the TechDefence Labs company’s official Red Herring Prospectus (RHP) before making any investment decisions.

Investing in IPOs involves risks and past performance is not indicative of future results. Please invest wisely.

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OnEMI Technology Solutions IPO-Registrar Details

• Registrar: KFin Technologies Limited

Registrar Contact Details

• Website: KFin Technologies
• Email: kissht.ipo@kfintech.com
• Phone: 040-67162222 / 040-79611000

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OnEMI Technology Solutions IPO-FAQs