| Event | Date |
|---|---|
| Open Date | 30-04-2026 , Thursday |
| Close Date | 05-05-2026 , Tuesday |
| Tentative Allotment | 06-05-2026 , Wednesday |
| Tentative Listing Date | 08-05-2026 , Friday |
| Retail Appl. Cut Off Time | 05-05-2026 , Tuesday 05:00 PM |
| Non Retail Appl. Cut Off Time | 05-05-2026 , Tuesday 04:00 PM |
| Anchor Allotment | 29-04-2026 , Wednesday |
| Initiation Of Refund | 07-05-2026 , Thursday |
| Credit Of Share To Demat | 07-05-2026 , Thursday |
OnEMI Technology Solutions Limited, popularly known through its digital lending platform Kissht, is a technology-enabled lender in India. The company primarily offers digital loans through its mobile application for consumption, business, emergency and other financial needs.
OnEMI Technology Solutions provides quick, accessible and personalized credit solutions through its mobile app. The company focuses mainly on India’s young, digitally connected and credit-underpenetrated mass market segment.
The company uses technology, data analytics, artificial intelligence and machine learning to assess borrowers, approve loans, manage servicing and support collections.
Kissht is the company’s mobile-first lending platform. It allows customers to apply for loans digitally and receive quick loan offers based on the company’s underwriting and risk assessment models.
| Particulars | Details |
|---|---|
| Net Promoter Score | 95 as of December 31, 2025 |
| Play Store Rating | 4.6 based on over 1.25 million user reviews as of March 31, 2026 |
| App Store Rating | 4.3 as of March 31, 2026 |
| iOS Launch | The company launched its mobile application on iOS in December 2025 |
The company is focused on young individuals within India’s mass market segment. According to the 1Lattice Report, this segment represents India’s emerging middle class and is aspirational, digitally connected and underpenetrated in credit.
During the nine months ended December 31, 2025, 67.65% of the company’s customers earned monthly income ranging between Rs. 25,000 and Rs. 75,000. This shows that OnEMI mainly focuses on middle-income customers.
| Monthly Income Segment | Share | Investor Interpretation |
|---|---|---|
| Rs. 25,000 to Rs. 50,000 | 28.69% | Entry-level and lower-middle income digital borrowers. |
| Rs. 50,000 to Rs. 75,000 | 38.96% | Core middle-income customer group for the company. |
| Rs. 75,000 to Rs. 1,00,000 | 20.46% | Relatively higher-income mass market customers. |
| Above Rs. 1,00,000 | 11.89% | Smaller share of higher-income customers. |
Customers use loans from the Kissht platform for multiple needs, including business, consumption, emergency and other purposes.
| Purpose of Loan | Share | Meaning |
|---|---|---|
| Business | 47.99% | The largest share comes from business-related borrowing needs. |
| Consumption | 29.72% | Loans used for personal consumption or lifestyle-related needs. |
| Emergency | 13.46% | Loans used for urgent or unexpected financial requirements. |
| Other | 8.83% | Other miscellaneous borrowing purposes. |
According to the 1Lattice Report, the mass market segment has historically been underserved by banks and conventional financial institutions. This is mainly due to limited tailored products and insufficient credit information for effective credit assessment.
Traditional lenders may offer standard loan products with limited flexibility in tenure, amount and repayment structure.
Conventional underwriting can involve manual checks, longer turnaround time and higher documentation requirements.
Slow response time and limited personalization may lead to poor customer engagement and lower satisfaction.
Kissht uses digital onboarding, AI-based underwriting, flexible loan offerings and faster decisioning to address these gaps.
OnEMI Technology Solutions uses a diversified multi-channel customer acquisition strategy. The company acquires customers through both online and offline channels.
| Acquisition Channel | Share in New Customer Acquisitions | Meaning |
|---|---|---|
| Digital Marketing | 45.51% | Customers acquired through search engines, social media and digital campaigns. |
| Merchant Partnerships | 23.28% | Customers acquired through small businesses, shop owners and retail outlets. |
| E-commerce | 7.51% | Customers acquired through e-commerce platforms and embedded finance partnerships. |
| Organic Acquisition | 23.70% | Customers acquired through brand recall, word of mouth and existing user influence. |
In Fiscal 2025, the company appointed former Indian cricketer Sachin Ramesh Tendulkar as its brand ambassador to build consumer trust and improve brand recall.
The company uses an offline-to-online customer acquisition model through credit QR installations at merchant outlets. This helps the company acquire customers from physical retail locations and bring them onto its digital platform.
According to the 1Lattice Report, Kissht is one of the few new-age digital lending players deploying a credit QR-based offline-to-online customer acquisition model in India as of December 31, 2025.
Risk management is central to the company’s business model. Since OnEMI operates in digital lending, its ability to correctly assess borrower risk is very important for long-term profitability and asset quality.
The company’s model development starts with a feature library of over 7,000 variables. As of December 31, 2025, 75.12% of these variables were related to credit and financial indicators.
The remaining variables relate to consumption behaviour and online activity patterns. This allows the company to assess borrower risk beyond traditional credit bureau scores.
OnEMI Technology Solutions has built a multi-tiered collections infrastructure supported by technology, tele-calling teams and field agents. The company uses its proprietary Automated Collections System to manage collections across different delinquency stages.
| Collection Resource | Count / Details |
|---|---|
| Tele-callers | 1,074 |
| Field Agents | 8,291 |
| Supervision Staff | 260 |
| Coverage | Over 17,000 pin codes across India |
The company uses automated reminders before due dates, targeted outreach after defaults, predictive analytics, tele-calling, field collection and legal recovery actions where required.
The company uses automated early warning triggers to identify high-risk customers, geographies and customer segments. These triggers allow the company to take preventive action before risks become larger.
These triggers control exposure across geography, demographics, profession and credit profile. If exposure crosses predefined limits, the system can tighten approvals.
These triggers use model performance data and underwriting parameters to dynamically change risk thresholds based on portfolio signals.
| Risk Control Metric | Details |
|---|---|
| Early warning instances flagged | Over 419 instances during the nine months ended December 31, 2025 |
| Geographies where disbursements were discontinued | Over 305 geographic areas / pin codes across India |
| Low-income segments rebalanced | Five low-income segments due to elevated leverage indicators |
| Applications rejected due to gaming behaviour risk | 0.57% of applications |
OnEMI operates a fully technology-enabled, cloud-hosted lending platform. The company has end-to-end ownership and control over its product and technology systems.
| Technology Metric | Performance |
|---|---|
| Platform Uptime | 99.99% |
| Average Application Response Time | 290 milliseconds |
| API Requests | 11.30 billion during the nine months ended December 31, 2025 |
| Crash-Free Rate | 99.32% |
The company’s AUM includes both on-book loans and off-book loans. This structure helps the company scale through its own NBFC subsidiary as well as lending partnerships.
On-book loans are loans on the balance sheet of Si Creva, the company’s wholly-owned subsidiary and an RBI-regulated middle-layer NBFC.
Off-book loans are loans on the balance sheet of lending partners. The company earns sourcing fees, servicing fees and performance-linked income from such arrangements.
OnEMI Technology Solutions has shown strong growth in AUM and profitability in recent years.
| Particulars | Details | Investor Interpretation |
|---|---|---|
| AUM as of March 31, 2023 | Rs. 12,679.28 million | Starting base for recent growth period. |
| AUM as of March 31, 2025 | Rs. 40,866.38 million | Shows rapid expansion in loan book. |
| AUM CAGR between FY2023 and FY2025 | 79.53% | Strong loan book growth. |
| AUM as of December 31, 2025 | Rs. 59,557.53 million | Further growth in the nine months ended December 31, 2025. |
| PAT in FY2023 | Rs. 276.67 million | Profitability base year. |
| PAT in FY2025 | Rs. 1,606.21 million | Strong improvement in profitability. |
| PAT CAGR between FY2023 and FY2025 | 140.95% | Indicates rapid profit growth. |
| PAT for nine months ended December 31, 2025 | Rs. 1,992.69 million | Profit for nine months already higher than FY2025 PAT. |
The company had 63.73 million registered users and had served 11.17 million customers as of December 31, 2025.
The company acquires customers through digital marketing, merchant partnerships, e-commerce channels and organic sources.
The company uses AI, ML, analytics, underwriting models and early warning triggers to manage credit risk.
Its cloud-native platform manages the full loan lifecycle from customer onboarding to collections.
The company works with 47 lenders including banks, NBFCs and fund houses.
AUM grew at a CAGR of 79.53% and PAT grew at a CAGR of 140.95% between FY2023 and FY2025.
The company aims to increase repeat usage and build stronger relationships with existing customers.
It plans to continue acquiring new customers while focusing on risk quality and profitability.
Better credit models can help improve approval quality, reduce losses and support profitability.
The company aims to leverage machine learning, generative AI and other tools to improve efficiency.
Lower cost of funds and operating leverage may support profitability as the company scales.
The company wants to build a broader financial services platform through product expansion.
OnEMI Technology Solutions Limited is a technology-led digital lending company operating through its Kissht platform. It provides fast and flexible loans to India’s young, digitally active and credit-underpenetrated customers.
The company has a large user base, strong technology platform, AI-led underwriting, diversified acquisition channels, strong lender relationships and rapid growth in AUM and profitability.
This content is prepared only for educational and informational purposes to help investors understand the business overview of OnEMI Technology Solutions Limited. It should not be treated as investment advice, stock recommendation, IPO recommendation, research report, buy/sell/hold advice, or any form of financial advisory.
| Category | Percentage | No. of Shares Offered | Amount |
|---|---|---|---|
QIB | 50.00 % | 2,70,73,694 | 462.96 Cr |
Retail | 35.00 % | 1,89,51,587 | 324.07 Cr |
Total HNI | 15.00 % | 81,22,109 | 138.89 Cr |
SHNI | 5.00 % | 27,07,370 | 46.30 Cr |
BHNI | 10.00 % | 54,14,739 | 92.59 Cr |
Onemi Technology Solutions Limited allotted 1,62,44,216 equity shares to anchor investors at ₹171 per share on 29 Apr 2026 before the IPO opening. The total anchor allocation stood at 277.78 Cr across 22 anchor investors.
Mutual funds received 92,58,801 shares worth 158.33 Cr, representing 57.00% of the total anchor investor allocation. Within the mutual fund portion, HDFC Mutual Fund had the highest fund-house level allocation with 23,39,169 shares worth 40.00 Cr across 2 schemes. Other leading fund houses by allocation included Bandhan Mutual Fund, Quant Mutual Fund, Sundaram Mutual Fund and ICICI Prudential Mutual Fund.
At scheme level, the largest mutual fund allocations included Quant Mutual Fund - Quant BFSI Fund, HDFC Mutual Fund - HDFC Banking and Financial Services Fund, Sundaram Mutual Fund A/C Sundaram Small Cap Fund, Tata Banking & Financial Services Fund and HDFC Mutual Fund - HDFC Innovation Fund.
The largest anchor investor received 9.40% of the anchor portion. The top five anchor investors together received 73,28,619 shares, representing about 45.12% of the total anchor allocation.
| Rank | Anchor Investor Name | Shares Allocated | Allocation % | Allocation Amount |
|---|---|---|---|---|
| 1 | Al Mehwar Commercial Investments L.L.C. - (Wanda) | 15,26,850 | 9.40 % | 26.11 Cr |
| 2 | Quant Mutual Fund - Quant BFSI Fund | 15,26,850 | 9.40 % | 26.11 Cr |
| 3 | ACM Global Fund VCC | 15,26,850 | 9.40 % | 26.11 Cr |
| 4 | HDFC Mutual Fund - HDFC Banking and Financial Services Fund | 15,13,626 | 9.32 % | 25.88 Cr |
| 5 | Goldman Sachs Funds - Goldman Sachs India Equity Portfolio | 12,34,443 | 7.60 % | 21.11 Cr |
| Rank | Mutual Fund Scheme | AMC | Shares Allocated | Allocation % | Allocation Amount |
|---|---|---|---|---|---|
| 1 | Quant Mutual Fund - Quant BFSI Fund | Quant Mutual Fund | 15,26,850 | 9.40 % | 26.11 Cr |
| 2 | HDFC Mutual Fund - HDFC Banking and Financial Services Fund | HDFC Mutual Fund | 15,13,626 | 9.32 % | 25.88 Cr |
| 3 | Sundaram Mutual Fund A/C Sundaram Small Cap Fund | Sundaram Mutual Fund | 11,69,628 | 7.20 % | 20.00 Cr |
| 4 | Tata Banking & Financial Services Fund | Tata Mutual Fund | 8,77,134 | 5.40 % | 15.00 Cr |
| 5 | HDFC Mutual Fund - HDFC Innovation Fund | HDFC Mutual Fund | 8,25,543 | 5.08 % | 14.12 Cr |
The figures are based on the company’s stock exchange anchor allotment intimation. Anchor allocation is only an informational disclosure and does not indicate future listing performance.
| Application | Discount | Qty (Lot) | Total |
|---|---|---|---|
Retail MIN | - | 87 (1) | ₹ 14,877 |
Retail MAX | - | 1131 (13) | ₹ 1,93,401 |
SHNI MIN | - | 1218 (14) | ₹ 2,08,278 |
SHNI MAX | - | 5829 (67) | ₹ 9,96,759 |
BHNI MIN | - | 5916 (68) | ₹ 10,11,636 |
| Objective | No Of Shares | Amount |
|---|---|---|
Fresh Issue | - | 850.00 Cr |
Offer for Sale | 44,39,788 | 75.92 Cr |
| # | Title | Published Date |
|---|---|---|
| 1 | Onemi Technology Solutions IPO Opens April 30: Key Details, Financials, Risks & What Investors Should Know | 29-04-2026 , Wednesday |
| Name | Contact Person | Telephone | Website | |
|---|---|---|---|---|
JM Financial Limited | Prachee Dhuri | +91 22 6630 3030 | kissht.ipo@jmfl.com | www.jmfl.com |
HSBC Securities and Capital Markets (India) Pvt Ltd | Harsh Thakkar / Harshit Tayal | +91 22 6864 1289 | kisshtipo@hsbc.co.in | www.business.hsbc.co.in |
Nuvama Wealth Management Limited | Pari Vaya | +91 22 4009 4400 | kissht.ipo@nuvama.com | www.nuvama.com |
SBI Capital Markets Limited | Raghavendra Bhat / Aditya Deshpande | +91 22 4006 9807 | kissht.ipo@sbicaps.com | www.sbicaps.com |
Centrum Broking Limited | Sooraj Bhatia / Tarun Parmani | +91 22 4215 9000 | kissht.ipo@centrum.co.in | www.centrumbroking.com |
Understand company details, IPO size, price band, lot size, exchange listing, fresh issue and Offer for Sale (OFS) in simple language for retail investors.
This IPO is of Onemi Technology Solutions Limited. The issue is scheduled to open on Thursday, 30 April 2026 and closes on Tuesday, 05 May 2026.
After the IPO process is completed, the shares are proposed to be listed on both NSE and BSE.
IPO size means the total amount offered to investors through the public issue.
For Onemi Technology Solutions Limited IPO, the total issue size is Rs 925.92 crore, consisting of a fresh issue of Rs 850 crore and an Offer for Sale (OFS) of Rs 75.92 crore.
Price band is the price range within which investors can bid for shares in a book-built IPO.
For this IPO, the lower price band is Rs 162 per share and the upper price band is Rs 171 per share.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Onemi Technology Solutions Limited IPO, the minimum lot size is 87 shares. At the upper price band of Rs 171 per share, the minimum application amount is Rs 14,877. Applications must be made in multiples of 87 shares.
Fresh Issue means the company issues new shares to investors and receives money from that part of the IPO.
For Onemi Technology Solutions Limited IPO, the Fresh Issue size is Rs 850 crore. The company can use these funds for purposes mentioned in the IPO documents, such as business growth, repayment of borrowings, working capital, capital expenditure, or general corporate purposes.
Offer for Sale (OFS) means existing shareholders sell their shares to the public through the IPO.
For Onemi Technology Solutions Limited IPO, the Offer for Sale (OFS) size is Rs 75.92 crore. In an OFS, the selling shareholders receive the money, and the company usually does not receive funds from that portion.
Understand the important IPO dates, allotment process, refund schedule and listing timeline in a retail-friendly format.
The IPO opening date is the first day on which investors can apply for the public issue.
For Onemi Technology Solutions Limited IPO, the IPO opens on Thursday, 30 April 2026.
The IPO closing date is the last day on which investors can submit, modify, or cancel their IPO applications.
Onemi Technology Solutions Limited IPO closes on Tuesday, 05 May 2026.
The tentative allotment date is the expected date on which the registrar finalizes the share allotment for valid IPO applications.
For Onemi Technology Solutions Limited IPO, the tentative allotment date is Wednesday, 06 May 2026.
The tentative listing date is the expected date on which IPO shares begin trading on the stock exchanges.
Onemi Technology Solutions Limited IPO is expected to list on Friday, 08 May 2026.
After allotment, funds are unblocked or refunds are initiated for non-allotted investors, while allotted shares are credited to investors' demat accounts before listing.
For Onemi Technology Solutions Limited IPO, refund initiation is expected on Thursday, 07 May 2026, and credit of shares to demat accounts is expected on Thursday, 07 May 2026.
Understand IPO category-wise reservation, QIB quota, retail quota, HNI allocation, shareholder reservation and the meaning of structure columns in a simple format.
IPO structure shows how shares are divided among different categories of investors, such as QIB, Retail, NII/HNI, Employees, and Shareholders.
For Onemi Technology Solutions Limited IPO, the available categories in the structure table include QIB, Retail, Non-Institutional Investors (NII/HNI). The NII/HNI category includes SHNI and BHNI sub-categories. Investors can use this table to understand category-wise allocation before applying.
QIB stands for Qualified Institutional Buyers. This category includes mutual funds, banks, insurance companies, and other large financial institutions.
In Onemi Technology Solutions Limited IPO, 50% shares are reserved under the QIB category, with 2,70,73,694 shares offered, and an allocation amount of ₹462.96 crore.
The Retail category is reserved for individual investors and HUFs applying for up to Rs 2 lakh within the retail investment limit allowed under IPO rules.
In Onemi Technology Solutions Limited IPO, 35% shares are reserved under the Retail category, with 1,89,51,587 shares offered, and an allocation amount of ₹324.07 crore.
NII/HNI stands for Non-Institutional Investors / High Net-Worth Individuals. This category generally includes investors applying for more than Rs 2 lakh, above the retail investment limit.
In Onemi Technology Solutions Limited IPO, 15% shares are reserved under the NII/HNI category, with 81,22,109 shares offered, and an allocation amount of ₹138.89 crore.
SHNI stands for Small HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 2 lakh but not exceeding Rs 10 lakh.
In Onemi Technology Solutions Limited IPO, 5% shares are reserved under the SHNI sub-category, with 27,07,370 shares offered, and an allocation amount of ₹46.30 crore.
BHNI stands for Big HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 10 lakh.
In Onemi Technology Solutions Limited IPO, 10% shares are reserved under the BHNI sub-category, with 54,14,739 shares offered, and an allocation amount of ₹92.59 crore.
Understand retail lot size, HNI application limits, employee category, shareholder category and investment amount calculations using the IPO lot table.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Onemi Technology Solutions Limited IPO, the minimum lot size is 87 shares. At the upper price band of Rs 171 per share, the minimum application amount is Rs 14,877. Applications must be made in multiples of 87 shares.
Retail minimum application shows the minimum application size for retail investors.
For Onemi Technology Solutions Limited IPO, the Retail minimum application is 87 shares (1 lot) for about Rs 14,877.
Retail maximum application shows the maximum application size generally available under the retail category.
For Onemi Technology Solutions Limited IPO, the Retail maximum application is 1,131 shares (13 lots) for about Rs 1,93,401.
SHNI minimum application shows the minimum application size for the Small HNI category.
For Onemi Technology Solutions Limited IPO, the SHNI minimum application is 1,218 shares (14 lots) for about Rs 2,08,278.
SHNI maximum application shows the maximum application size available under the Small HNI category, when provided.
For Onemi Technology Solutions Limited IPO, the SHNI maximum application is 5,829 shares (67 lots) for about Rs 9,96,759.
BHNI minimum application shows the minimum application size for the Big HNI category.
For Onemi Technology Solutions Limited IPO, the BHNI minimum application is 5,916 shares (68 lots) for about Rs 10,11,636.
Understand important financial figures in simple language using the financial statement data available for the IPO.
Financial Highlights show important numbers from the company's financial statements. These may include income, expenses, profit, assets, liabilities, cash flow and other financial information, depending on the data available for the IPO.
The table displays available financial data based on the IPO information currently available. Fields may differ from company to company depending on disclosures and reporting format.
Investors should read the table to understand the company's financial performance and financial position over different periods.
The table may help users review income, expenses, profitability, balance sheet position, cash movement or other financial information, depending on the available data.
Financial statement line items may differ because companies operate in different industries and may follow different reporting formats.
Some companies may provide detailed financial breakup, while others may present broader financial categories.
Investors should review income, expenses, profitability, debt position, asset base, liabilities and cash flow position together.
A single financial figure should not be used alone to judge the company.
Profit is important, but it does not show the full financial picture.
Investors should also review revenue quality, expenses, debt, assets, liabilities, cash flow, valuation and business risks.
Cash flow helps investors understand how money moves in and out of the business.
A company may report profit but still face cash flow pressure, so cash flow should be reviewed along with profit, debt and balance sheet information.
No. Financial Highlights are useful, but investors should also review valuation, peer comparison, KPI data, business risks, IPO pricing, management discussion and official offer documents such as the RHP or DRHP.
Understand how the company may be compared with similar businesses using the peer comparison data available for the IPO.
Peer Comparison means comparing the IPO company with businesses operating in a similar sector or industry.
It helps investors understand the company in a broader industry context.
Peer Comparison helps investors understand how the company can be compared with similar businesses using available financial or valuation metrics.
It is useful for context, but it should not be treated as a final investment conclusion.
Peer comparison metrics may differ depending on the companies selected, accounting format, business model and available public information.
Investors should compare only relevant and similar metrics.
Investors should use the peer comparison table as a reference point.
Available metrics should be read together with business model, scale, profitability, margins, debt, growth, valuation and IPO pricing.
No. Peer Comparison does not directly decide whether an IPO is good or bad.
It only provides context for comparison. Final analysis should include financial statements, KPI data, valuation, risk factors and official offer documents.
No. Peer Comparison is only one part of IPO analysis.
Investors should also review financial statements, KPI data, business risks, valuation, IPO pricing and company fundamentals.
Understand important KPI metrics in simple language using the key performance indicator data available for the IPO.
Key Performance Indicators, or KPIs, are financial and valuation metrics used to understand profitability, efficiency, leverage, return-based ratios and earnings performance.
They help investors understand the company beyond basic financial figures.
KPIs help investors assess profitability, capital efficiency, leverage, valuation and earnings quality.
They should be reviewed together with financial statements, peer comparison and IPO pricing.
KPI data may differ depending on the company, industry, financial disclosures and available offer document information.
Not every IPO may provide every KPI, and some metrics may not be applicable to every business.
Investors should read KPI metrics together instead of relying on one ratio.
A single KPI may not give the full picture unless it is reviewed with financial statements, peer comparison, business model and valuation.
No. High or low KPI values need context.
The meaning of a ratio may differ depending on industry, business model, debt level, growth stage, profitability and IPO valuation.
No. KPI data is useful, but it should not be used alone.
Investors should also review financial statements, peer comparison, business risks, valuation, IPO pricing and official offer documents such as the RHP or DRHP.