OnEMI Technology Solutions IPO 2026 — Full Details, GMP, Allotment & Review
Complete guide to OnEMI Technology Solutions IPO 2026. Check IPO dates, price band ₹162–₹171, GMP, lot size, allotment status, financials, and IPOji's verdict. Updated daily.
The company behind Kissht & Ring opens its ₹925.92 Cr IPO on April 30. Here's everything you need to decide.
IPO Open: Apr 30, 2026 | IPO Close: May 5, 2026 | Listing: May 8, 2026 | Price Band: ₹162–₹171
IPO Quick Facts
Track OnEMI IPO GMP live on IPOji — updated every hour. Check GMP on IPOji →
IPO Timeline
Lot Size & Investment Amount
All amounts calculated at the upper price band of ₹171 per share.
GMP (Grey Market Premium)
GMP for the OnEMI Technology IPO is updated live on IPOji every hour. The expected listing price is calculated as: Upper Band (₹171) + GMP.
GMP is an unofficial market indicator sourced from grey market dealers. It does not guarantee actual listing gains. Always check the latest GMP on IPOji before making your decision.
Subscription Status
Subscription data for QIB, NII/HNI, and Retail categories is updated in real time on IPOji.com. Bookmark IPOji to track live subscription figures throughout the 3-day window (April 30 to May 5).
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About OnEMI Technology Solutions
OnEMI Technology Solutions was incorporated in 2016 and is headquartered in Mumbai. It is a technology-enabled lender that makes it easy for everyday Indians to access credit through their smartphones.
The company operates two popular platforms:
Kissht — a digital lending app offering personal loans, business loans (MSME), and loans against property (LAP) to salaried and self-employed individuals.
Ring — a payments app that allows shoppers to pay in EMIs at both online and offline stores across India.
The actual loan disbursals are handled by its NBFC subsidiary, Si Creva Capital Services Pvt. Ltd., which holds the RBI lending licence and manages KYC, disbursement, and EMI collections.
As of December 31, 2025, the company had 63.73 million registered users and 11.17 million active customers. Its AUM stood at ₹59,557.53 million — making it one of India's larger digital consumer lenders.
Financial Highlights (FY23 to December 2025)
Key takeaway: PAT in just 9 months of FY26 has already crossed the full-year FY25 figure. The business is accelerating.
Key Performance Indicators (KPIs)
Where Will the IPO Money Go?
In simple words: the fresh issue money goes directly into the lending arm. More capital means the NBFC can give more loans, which means higher revenue. This is a good sign for long-term investors.
Issue Reservation by Investor Category
Strengths & Risks — IPO ji's View
Why to consider subscribing:
- Profitable company with PAT growing every year
- 63.7 million registered users — large and loyal customer base
- Post-IPO P/E of only 10.84x — very affordable valuation
- Priced below book value (P/BV of 0.91x) — rare for a growing company
- Strong ROE of 23.5% — the business uses money efficiently
- Fresh issue proceeds go directly into lending — growth built in
- Dual brand strategy (Kissht + Ring) creates multiple customer touchpoints
Key risks to watch:
- RBI regulations for digital lenders are evolving and unpredictable
- Mostly unsecured loans — higher risk of defaults in a downturn
- Borrowings have risen sharply from ₹388 Cr (FY23) to ₹2,048 Cr (Dec 2025)
- Promoter stake drops significantly from 32.3% to 23.3% post-IPO
- Total income in FY24 was lower than FY23 — growth has been non-linear
- Stiff competition from Paytm, PhonePe, BharatPe in the payments space
Allotment Date & How to Check Status
Allotment will be finalised on May 6, 2026. Shares will be credited to your demat account on May 7, 2026.
To check your allotment status, visit IPOji.com on May 6 and enter your PAN number or application number. It's completely free and no login is required.
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How to Apply for OnEMI Technology IPO
Step 1 — Open your broker or bank app Use IPO Ji, Zerodha, Groww, Angel One, Upstox, or your bank's net banking portal. Go to the IPO section.
Step 2 — Search for "OnEMI Technology IPO" in IPO Ji app/ website It will appear from April 30, 2026. Select the number of lots you want. Minimum is 1 lot (87 shares = ₹14,877).
Step 3 — Enter your UPI ID and bid at the cut-off price Always bid at the cut-off price (₹171) to get the best chance of allotment. The amount is only blocked in your account, not debited.
Step 4 — Approve the UPI mandate Open your UPI app (GPay, PhonePe, BHIM, or Paytm) and approve the mandate request within the time limit.
Step 5 — Check allotment on May 6 on IPOji Visit IPOji.com, enter your PAN or application number, and find out if you got allotment. Fast, free, no login needed.
Registrar & Contact Details
Frequently Asked Questions
What is the OnEMI Technology IPO allotment date? Allotment is expected on Wednesday, May 6, 2026. Check your status for free on IPOji.com using your PAN or application number.
When will OnEMI Technology IPO list on NSE and BSE? The tentative listing date is Friday, May 8, 2026 on both BSE and NSE.
What is the minimum investment for retail investors? The minimum is 1 lot = 87 shares = ₹14,877 at the upper price band of ₹171 per share.
What is the GMP of OnEMI Technology IPO today? GMP is updated live on IPOji.com every hour. Visit the OnEMI IPO page on IPOji for the latest grey market premium and expected listing price.
Is the OnEMI Technology IPO good for long-term investment? The financials are strong — profitable, low P/E, and growing AUM. However, regulatory risks around digital lending and rising borrowings mean long-term investors should monitor RBI policy updates and quarterly results post-listing.
Who are the promoters of OnEMI Technology Solutions? The company is promoted by Ranvir Singh and Krishnan Vishwanathan. Their combined holding will fall from 32.30% to 23.33% after the IPO.
What does OnEMI do? Is it the same as Kissht? Yes. OnEMI Technology Solutions is the parent company that runs Kissht (digital lending) and Ring (payments app). Loans are disbursed through its NBFC subsidiary Si Creva Capital Services.
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Disclaimer: This blog is published on IPOji.com for informational purposes only and does not constitute investment advice. IPO investments are subject to market risks. GMP data is unofficial and sourced from market rumours — it does not guarantee listing price. Please read the Red Herring Prospectus (RHP) carefully before investing. IPOji is not SEBI registered. Consult your financial advisor before making any investment decision.
Source: OnEMI Technology Solutions RHP · SEBI Filings · NSE/BSE
