OnEMI Technology (Kissht) IPO
E-Commerce/App based Aggregator • ₹925.92 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- The company and its subsidiary have reported negative operating cash flow in recent period…
- The company has significant contingent liabilities that have not been provided for in its …
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹171
Lot Size
87 shares
Issue Size
₹925.92 Cr
Open
30 Apr 2026
Close
05 May 2026
Subscription
9.42×
IPO Schedule
| Issue Open Date | 30 Apr 2026 |
| Issue Close Date | 05 May 2026 |
| Listing Date | 07 May 2026 |
About OnEMI Technology (Kissht)
OnEMI Technology Solutions Limited is a technology-enabled lender in India that provides digital credit solutions through its mobile application. The company offers personal and business loans designed for consumption and financial needs, with services covering the entire loan lifecycle, including customer onboarding, underwriting, disbursement, servicing, and collections. It uses data analytics, artificial intelligence, and machine learning models for credit assessment, risk management, and collections, and operates through both on-book lending and partnerships with banks and NBFCs for off-book lending. The company runs a cloud-based, fully integrated lending platform supported by in-house technology systems, such as loan origination and loan management systems. It operates across India, with a widespread collection network covering over 17,000 pin codes and customer acquisition through digital channels, merchant partnerships, and e-commerce platforms.
Company Details
Founders / Promoters
Mr Ranvir Singh
Founded
2016
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
OnEMI Technology (Kissht) — IPOFins Verdict
QuantitativeDriven by QIB demand at 24.9x and moderate disclosed risk (5/10), OnEMI Technology (Kissht) listed at a premium of 11.1% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company claims to have built a large customer base of 63.73 million registered users and 11.17 million customers as of December 31, 2025. This growth is supported by a diversified acquisition mode
- The company claims to use advanced risk management systems driven by artificial intelligence (AI) and machine learning across underwriting and collections. Its framework includes multiple data models
- The company claims to operate a diversified funding model with both on-book and off-book lending structures. It works with 47 lenders, including banks and NBFCs, which helps reduce concentration risk
- The company has received credit ratings of CRISIL A-/Stable (long-term) and CRISIL A1 (short-term), along with A-/Stable ratings from other agencies such as Acuité and India Ratings. These ratings ind
- The company claims to have a cloud-based, AI-driven technology platform that manages the entire loan lifecycle. It has developed core systems such as loan origination, loan management, and collections
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Actual listing outcome → score +0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹171
Listing Price
₹190
Listing Gain/Loss
+11.11%
Listing Date
07 May 2026
Price Since Listing
Returns are measured against the ₹171 issue price.
Listing
₹190
+11.1%
1 Week
₹203.33
+18.9%
1 Month
₹269.85
+57.8%
Current
₹328.85
+92.3%
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FAQ
What is the price band of OnEMI Technology (Kissht) IPO?
The price band is ₹171 per share with a lot size of 87 shares. Minimum investment: ₹14,877.
What does OnEMI Technology (Kissht) do?
OnEMI Technology Solutions Limited is a technology-enabled lender in India that provides digital credit solutions through its mobile application. The company offers personal and business loans designed for consumption and financial needs, with services covering the entire loan lifecycle, including customer onboarding, underwriting, disbursement, servicing, and collections. It uses data analytics, artificial intelligence, and machine learning models for credit assessment, risk management, and collections, and operates through both on-book lending and partnerships with banks and NBFCs for off-book lending. The company runs a cloud-based, fully integrated lending platform supported by in-house technology systems, such as loan origination and loan management systems. It operates across India, with a widespread collection network covering over 17,000 pin codes and customer acquisition through digital channels, merchant partnerships, and e-commerce platforms.
Should I apply for OnEMI Technology (Kissht) IPO?
OnEMI Technology (Kissht) listed at ₹190 (+11.1% premium to the ₹171 issue price) after 9.4x subscription. IPOFins Score 8/10: Driven by QIB demand at 24.9x and moderate disclosed risk (5/10), OnEMI Technology (Kissht) listed at a premium of 11.1% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded OnEMI Technology (Kissht)?
OnEMI Technology (Kissht) was founded by Mr Ranvir Singh in 2016.