OnEMI Technology IPO
OnEMI Technology IPO
Overview
OnEMI Technology IPO is a book build issue of ₹925.92 crores. The issue is a combination of fresh issue of 4.97 crore shares aggregating to ₹850.00 crores and offer for sale of 0.44 crore shares aggregating to ₹75.92 crores. OnEMI Technology IPO opens for subscription on Apr 30, 2026 and closes on May 5, 2026. The allotment for the OnEMI Technology IPO is expected to be finalized on May 6, 2026. OnEMI Technology IPO will list on the NSE and BSE with a tentative listing date fixed as May 8, 2026. OnEMI Technology IPO is set issue price band at ₹162 to ₹171 per share. The lot size for an application is 87 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,877 (87 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,218 shares), amounting to ₹2,08,278, and for bNII, it is 68 lots (5,916 shares), amounting to ₹10,11,636. JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Total Shares
5,41,47,390
Issue Size
₹926 Cr
Price Band
₹162 – ₹171
Lot Size
87 shares
Min. Investment
₹14,877
Max. Investment
₹1,93,401
Open Date
30 Apr, 2026
Close Date
05 May, 2026
Allotment
06 May, 2026
Listing
08 May, 2026
Max. Investment
₹1,93,401
Announced
30 Apr, 2026
Opening Date
30 Apr, 2026
Closing Date
05 May, 2026
Basis of Allotment
06 May, 2026
Initiation of Refunds
07 May, 2026
Credit of Shares
07 May, 2026
Listing Date
08 May, 2026
Live GMP
Est. Listing: ₹177
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About OnEMI Technology IPO
About OnEMI Technology Solutions Ltd.
Incorporated in 2016, OnEMI Technology Solutions Limited is a technology-enabled lender in India, primarily offering digital loans through its mobile application for various consumption and business needs.
The company operates under the brand names Kissht (digital lending platform) and Ring
OnEMI Technology IPO Share Price
Issue Breakdown
Shareholding
Dilution: 41.9% increase in shares
OnEMI Technology IPO Financial Health
OnEMI Technology IPO Lot Size
Investors can bid for a minimum of 87 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,877 |
| Retail (Max) | 13 | 1131 | ₹1,93,401 |
| S-HNI (Min) | 14 | 1218 | ₹2,08,278 |
| S-HNI (Max) | 67 | 5829 | ₹9,96,759 |
| B-HNI (Min) | 68 | 5916 | ₹10,11,636 |
(All values in CR)
OnEMI Technology IPO Valuations
| Metric | Value |
|---|---|
| ROE | 23.51 |
| Debt/Equity | 1.63 |
| RoNW | 21.18 |
| Price to Book Value | - |
(All values in CR)
OnEMI Technology IPO Strength & Risk
OnEMI Technology IPO – Strengths
- Strong digital lending platform (Kissht) with large user base
- High customer engagement with strong app ratings and user satisfaction
- Operates in a fast-growing fintech and digital credit market
- Technology-driven model with AI-based underwriting and scalability
- Backed by reputed investors like Temasek
- Diversified ecosystem including lending and payments (Ring app)
- Growth-focused IPO with funds aimed at expansion and capital support
OnEMI Technology IPO – Risks
- Declining financial performance in recent periods
- Regulatory risks due to tightening norms by Reserve Bank of India
- Intense competition from fintech players and NBFCs
- High exposure to unsecured lending leading to asset quality concerns
- Valuation may appear aggressive compared to financial trends
- Dependence on NBFC subsidiary (Si Creva) for core lending operations
- Sensitive to economic cycles and interest rate changes
OnEMI Technology IPO Subscriptions Status
OnEMI Technology IPO subscribed 9.96 times. The public issue subscribed 2.13 times in the retail category, 25.97 times in QIB (Ex Anchor), and 6.90 times in the NII category by May 5, 2026 5:34:34 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 1,62,44,216 | 1,62,44,216 | 277.776 |
| QIB (Ex Anchor) | 25.97 | 1,08,29,478 | 28,12,22,802 | 4 |
| NII | 6.90 | 81,22,109 | 5,60,81,766 | 958.998 |
| bNII (> ₹10L) | 8.59 | 54,14,739 | 4,65,23,685 | 795.555 |
| sNII (< ₹10L) | 3.53 | 27,07,370 | 95,58,081 | 163.443 |
| Retail | 2.13 | 1,89,51,587 | 4,03,61,562 | 690.183 |
| Total | 9.96 | 3,79,03,174 | 37,76,66,130 | 6 |
OnEMI Technology IPO GMP
OnEMI Technology IPO last GMP is ₹6.35, last updated May 5th 2026 04:29 PM. With the price band of 171.00, OnEMI Technology IPO's estimated listing price is ₹177.35 (cap price + today's GMP).The expected percentage gain/loss per share is 3.71%. >> OnEMI Technology IPO Retail Subject to Sauda: ₹400 >> OnEMI Technology IPO Small HNI Subject to Sauda: ₹5600 The lowest GMP is ₹0.00, while the highest GMP is ₹7.50.
Last updated 05 May, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 05 May, 2026 | 171 | ₹6.35▲ | - | ₹177.35 (3.71%) | 552 | 05 May, 2026 |
| 04 May, 2026 | 171 | ₹1.5▼ | - | ₹172.5 (0.88%) | 130 | 04 May, 2026 |
| 03 May, 2026 | 171 | ₹4 | - | ₹175 (2.34%) | 348 | 03 May, 2026 |
| 02 May, 2026 | 171 | ₹4▲ | - | ₹175 (2.34%) | 348 | 02 May, 2026 |
| 01 May, 2026 | 171 | ₹3.6▼ | - | ₹174.6 (2.11%) | 313 | 01 May, 2026 |
| 30 Apr, 2026 | 171 | ₹4.5 | - | ₹175.5 (2.63%) | 391 | 30 Apr, 2026 |
| 29 Apr, 2026 | 171 | ₹4.5▲ | - | ₹175.5 (2.63%) | 391 | 29 Apr, 2026 |
| 28 Apr, 2026 | 171 | ₹4▼ | - | ₹175 (2.34%) | 348 | 28 Apr, 2026 |
| 27 Apr, 2026 | 171 | ₹7.5▲ | - | ₹178.5 (4.39%) | 652 | 27 Apr, 2026 |
| 26 Apr, 2026 | 0 | ₹0 | - | ₹ (%) | - | 26 Apr, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for OnEMI Technology IPO
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Go to IPO Section
Find OnEMI Technology IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.