OnEMI Technology Solutions, the parent company behind the popular digital lending platform Kissht and the payment app Ring, is set to launch its Initial Public Offering (IPO). The company, which focuses on providing instant credit solutions to India's emerging middle class and small merchants, will open its public issue for subscription on April 30, 2026.
This article breaks down the key details of the OnEMI Technology Solutions IPO, including its financials, objectives, and timeline.
OnEMI Technology IPO: Key Details and Timeline
The IPO is a book-built issue with a total size of ₹925.92 Crore. This comprises a fresh issue of shares worth ₹850 Crore and an Offer for Sale (OFS) component. Here are the essential details for investors:
| IPO Open Date | April 30, 2026 |
| IPO Close Date | May 5, 2026 |
| Price Band | ₹162 – ₹171 per share |
| Lot Size | 87 Shares |
| Minimum Investment | ₹14,877 (at the upper price band) |
| Basis of Allotment | May 6, 2026 |
| Listing Date | May 8, 2026 (on BSE & NSE) |
| Total Issue Size | ₹925.92 Crore |
| Fresh Issue | ₹850 Crore |
About OnEMI Technology Solutions
Founded to serve the credit needs of a digitally-savvy but often underserved population, OnEMI Technology Solutions operates through two primary brands:
- Kissht: A leading digital lending platform that provides quick, unsecured personal loans.
- Ring: A comprehensive payment and credit application that offers users a seamless way to transact and access credit.
The company leverages a proprietary AI-based credit engine to assess risk and disburse loans instantly. As of December 2025, the platform serves over 11 million customers and has a registered user base of 63.73 million. Its focus remains on empowering the "emerging middle class" and small merchants across India with accessible financial products.
A Look at the Company's Financials
The company's financial performance shows a trajectory of growth, particularly in its income and assets under management (AUM). Below is a snapshot of its restated consolidated financial metrics.
| Metric (₹ in Crore) | 9M FY26 (Dec '25) | FY25 (Mar '25) | FY24 (Mar '24) |
|---|---|---|---|
| Total Revenue | 1,583.93 | 1,352.69 | 1,700.30 |
| Profit After Tax (PAT) | 199.27 | 160.62 | 197.29 |
| Total Assets | 3,568.78 | 2,701.10 | 1,796.53 |
Objects of the Issue
The primary purpose of the fresh issue is to raise capital to fund the company's growth initiatives. The net proceeds of ₹850 Crore from the fresh issue will be allocated towards:
- Capital Infusion (₹637.50 Crore): A significant portion will be used to strengthen the capital base of its wholly-owned NBFC subsidiary, Si Creva Capital Services Private Limited, to support future loan disbursements.
- General Corporate Purposes: The remaining funds will be utilized for technology upgrades, meeting operational expenses, and other general corporate needs.
Final Note
OnEMI Technology Solutions is a fintech company with a significant user base and a growing AUM. The IPO proceeds are intended to be used for capital infusion and general corporate purposes.
The information presented is for informational purposes only and should not be construed as investment advice. Investors should conduct their own due diligence or consult a financial advisor before making any investment decisions.
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