The much awaited OnEMI Technology IPO began for subscription today, 30th April 2026. Popular digital lending platform Kissht’s parent company OnEMI Technology Solutions Limited is all set to hit the stock market with a big ₹926 crore issuance under the book-building process.
Business Model and Company Profile:
OnEMI Technology Solutions is a technology-led lender formed in 2016, which offers fast personal loans, loans against property (LAP) and other credit solutions via its fully digital platform Kissht. The organization focuses on the mass-market segment with average age of borrower of 32 years and median CIBIL score of 746. By December 2025, OnEMI had created a strong base of over 28.7 lakh active consumers and assets under management (AUM) of ₹5,955 crore. The book is primarily personal loans (~94%), which is the key strength of the firm in unsecured lending.
Kissht’s sophisticated data analytics, proprietary self-learning algorithms and smooth mobile first experience result in rapid loan approvals with minimal documentation. The tech-forward approach has helped the company to scale swiftly in a very competitive fintech field.
Quick information about IPOs
- Price Band Rs 162-171 per share
- Lot Size: 87 Shares (Min Investment = Rs. 14,877 at upper band)
- Expected Listing Date 8th May, 2026 BSE & NSE
- Post IPO Valuation: ₹2,880 – ₹2,900 crore at higher price range
The extra revenues will be mostly deployed to strengthen the capital base of its lending company, Si Creva Capital, to support business expansion and comply with regulatory obligations. The OFS enables a partial exit to existing investors, including those supported by Temasek.
The company has had robust growth in AUM and client base but continues to grapple with difficulties typical to fintech lenders such asset quality management (GNPA around 3%) and significant dependence on unsecured loans.
Strengths and Investment Considerations
Good Things:
- Kissht – A Potent Brand Name
- Operations enabled by technology
- Supported by top investors like Temasek
- Positive regulatory tailwinds to digital lending
- India’s loan market is under-penetrated and has large capacity for growth
Factors for Risk:
- Growing dependence on personal loans
- Asset quality risks in a rising interest rate environment
- Intense competition from existing and new entrants
- Fintech Lending Regulation Uncertainty
Subscription & Listing Outlooks
Early gray market mood has been robust, with IPO starting today. Market observers will closely monitor subscription data, particularly from Qualified Institutional Buyers (QIBs) and retail investors. Given the current market environment and the company’s development story, the issuance should attract decent investor interest for investors looking to get exposure to India’s digital lending story.
In conclusion:
The OnEMI Technology’s upcoming IPO is a unique opportunity to invest in one of the top financial platforms in India just before its public journey. Kissht’s parent company is coming to market with a good track record, a strong business plan, a strong tech backbone and tremendous industry tailwinds. But as with previous IPOs, investors need to balance up their risk appetite, conduct their due research and ponder long-term fundamentals rather than short-term listing returns.