OnEMI Technology Solutions (KISSHT) IPO — Date, Price Band, GMP & Allotment 2026
OnEMI Technology Solutions Limited (Kissht), founded in 2016 and headquartered in Mumbai, is a digital lending fintech operating brands Kissht and Ring, offering instant EMI-based loans and credit solutions to 53 million+ users across India. Its IPO opens April 30 – May 5, 2026, with a issue size of ₹926 crore listed on BSE & NSE.
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Stock Price
As the IPO is listed, here is the Live Share Price for OnEMI Technology Solutions (KISSHT)
IPO Summary
What is the OnEMI Technology Solutions (KISSHT) IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 30 Apr, 2026 | Thursday |
| IPO Close Date | 05 May, 2026 | Tuesday |
| Basis of Allotment | 06 May, 2026 | Wednesday |
| Refunds Initiated | 07 May, 2026 | Thursday |
| Credit to Demat | 07 May, 2026 | Thursday |
| Listing Date | 08 May, 2026 | Friday |
What is the OnEMI Technology Solutions (KISSHT) IPO Lot Size?
Bidding in multiples of 87 shares.
| 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 |
About OnEMI Technology Solutions (KISSHT)
The company operates under two key brands — Kissht, a digital lending platform offering instant personal loans, small business loans, and Loan Against Property (LAP); and Ring, a payments and credit app enabling EMI-based purchases. Its business model combines a hybrid lending approach — own-book lending alongside its NBFC partner, Si Creva Capital Services, which handles loan disbursement, KYC, and EMI collections. Leveraging AI-driven credit scoring, alternative data analytics, and an API-first mobile architecture, OnEMI embeds credit solutions across online and offline merchant ecosystems, making it a key player in India's fast-growing embedded finance space.
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OnEMI Technology Solutions (KISSHT) Key Performance Indicators (KPIs)
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| Augmenting the capital base of Subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of Subsidiary, Si Crevas, business | ₹637.50 Cr. |
| General Corporate Purposes |
Strengths & Risks
Strengths
- ✓ Large and diversified customer base driven by a multi-channel acquisition strategy that has helped acquire 63.73 million registered users and serve 11.17 million customers as of December 31, 2025
- ✓ Advanced and comprehensive risk management utilizing AI and ML algorithms that analyze over 400 data variables for accurate credit decisions and fraud detection
- ✓ Access to diversified and scalable funding sources supported by a balanced mix of on-book and off-book lending through 47 different lenders
- ✓ Consistent track record of financial performance and profitability, demonstrated by a 79.53% CAGR in AUM and a 140.95% CAGR in profit after tax from Fiscal 2023 to Fiscal 2025
- ✓ Scalable, cloud-native technology platform integrated across all functions, supporting a 99.99% uptime and rapid loan processing
- ✓ Experienced founders and leadership with over 15 years of experience in financial services, backed by marquee investors
Risks
- ⚠ High concentration in unsecured personal loans, which make up 94.23% of the company's total AUM and carry an inherently higher credit risk than secured lending
- ⚠ Vulnerability to borrower default since the company primarily targets young individuals in the mass market segment who may be economically less stable
- ⚠ Heavy reliance on third-party software and cloud infrastructure (such as AWS), where any service interruptions could significantly disrupt business operations
- ⚠ Dependence on the accuracy of customer information and alternative data; relying on misleading or incomplete data can negatively affect credit assessments and financial health
- ⚠ Significant geographic concentration with 35.00% and 26.47% of its AUM originating from the southern and western regions of India, making it susceptible to regional adverse developments
- ⚠ Strict regulatory compliance requirements and heavy dependence on its wholly-owned RBI-regulated NBFC subsidiary, Si Creva, for all its on-book loan originations
Company Financials
The OnEMI Technology Solutions (KISSHT) company's financial performance (in ₹ Cr.) is summarized below:
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | 1,583.93 | 1,352.69 | 1,700.30 | 1,001.51 |
| OPM % | 30.84% | 29.82% | 21.11% | 9.76% |
| EBITDA | 488.45 | 403.37 | 358.96 | 97.71 |
| Net Profit | 199.27 | 160.62 | 197.29 | 27.67 |
| Debt | 2,047.52 | 1,507.58 | 784.30 | 387.89 |
| Assets | 3,568.78 | 2,701.10 | 1,796.53 | 1,275.20 |
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Promoters and Shareholding Details
Ranvir Singh and Krishnan Vishwanathan are the promoters of the company.
| Particular | % Share |
|---|---|
| Promoter Holding Pre Issue | 32.30% |
| Promoter Holding Post Issue | 23.33% |
Frequently Asked Questions
What is the GMP of OnEMI Technology Solutions (KISSHT)?
The current Grey Market Premium (GMP) of OnEMI Technology Solutions (KISSHT) is ₹ 27.
What is the OnEMI Technology Solutions (KISSHT) IPO Price Band?
The price band for OnEMI Technology Solutions (KISSHT) IPO is ₹162 to ₹171.
When is the OnEMI Technology Solutions (KISSHT) IPO Allotment?
The allotment date for OnEMI Technology Solutions (KISSHT) IPO is May 6, 2026.
How to check OnEMI Technology Solutions (KISSHT) IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (Kfin Technologies Ltd.).
Official Documents
Company Contact Details
OnEMI Technology Solutions (KISSHT)
10 th Floor, Tower 4, Equinox Park, LBS Marg, Kurla (West), Mumbai, Maharashtra, 400070
+91 22 6947 5600
Registrar
Kfin Technologies Ltd.
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