Onemi Technology Solutions Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹171
Per ShareLot Size
87 Shares
Minimum Investment
₹14,877
Issue Size
₹925.92 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Onemi Technology Solutions Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
88.81%
Promoter Holding (Post-Issue)
65.59%
Issue Type
Book Building
ISIN
INE12F801023
About the Company
Kissht is a technology-enabled lender in India, primarily offering digital loans through its mobile application for various consumption and business needs. The Company provides swift, accessible and personalized credit solutions to support its customers throughout their financial journeys.
Industry Overview
India is projected to maintain the highest growth rate among major economies, with steady GDP growth of 6.2-6.6% from 2025 through 2029P. This sustained expansion is driven by strong domestic demand and a growing working-age population, reflecting India's economic resilience. In contrast, global real GDP decreased to 3.2% in 2025 from 3.5% in 2023, due to challenges such as higher interest rates, tighter financial conditions, and ongoing geopolitical tensions.
Company History
The Company was incorporated as `OnEMI Technology Solutions Private Limited' as a private limited company under the Companies Act, 2013, pursuant to the certificate of incorporation dated June 18, 2016, issued by the RoC CRC. The Company was subsequently converted into a public limited company pursuant to the resolution passed by its Board of Directors on June 16, 2025, and special resolution passed by itsr Shareholders on June 17, 2025, and the name of the Company was changed to `OnEMI Technology Solutions Limited', and a fresh certificate of incorporation dated July 8, 2025, was issued by the RoC CPC.
Products & Services
- Kissht is a technology-enabled lender in India, primarily offering digital loans through its mobile application for various consumption and business needs.
Growth Strategy
- Deepen relationships with its existing customer base and continue to acquire new high-quality customers to achieve a leadership position in the mass market segment.
- Continuous improvement in credit models to drive growth and profitability.
- Be at the forefront of technology by leveraging ML, generative AI and other emerging tools.
- Deliver superior profitability at scale by leveraging lower cost of funds and operating leverage.
- Build a comprehensive financial services platform through product expansion.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 54,147,390 equity shares of face value of Re. 1 each ("Equity Shares") of OnEMI Technology Solutions Limited ("the Company" or "the Company") for cash at a price of Rs. 171 per equity share (Including a Share Premium of Rs. 170 per Equity Share) ("Offer Price") aggregating to Rs. 925.92 Crores comprising a fresh issue of up to 49,707,602 equity shares of face value of Re. 1 each aggregating to Rs. 850.00 Crores by the company ("Fresh Issue") and an offer for sale of 4,439,788 equity shares of face value of Re. 1 each aggregating to Rs. 75.92 Crores by the selling shareholders (As Defined Hereinafter), consisting of 1,156,317 equity shares of face value of Re. 1 each aggregating to Rs. 19.77 Crores by Ammar SDN BHD, 792,308 equity shares of face value of Re. 1 each aggregating to Rs.13.55 Crores by Vertex Ventures Sea Fund III Pte. Ltd., 456,831 equity shares of face value of Re. 1 each aggregating to Rs. 7.81 Crores by Vertex Growth Fund Pte. Ltd., up to 456,831 equity shares of face value of Re. 1 each aggregating up to Rs. 7.81 Crores by Vertex Growth Fund II Pte. Ltd., 589,519 equity shares of face value of Re. 1 each aggregating to Rs. 10.08 Crores by Ventureast Proactive Fund II, 535,367 equity shares of face value of Re. 1 each aggregating to Rs. 9.15 Crores by Endiya Seed Co-Creation Fund, 264,522 equity shares of face value of Re. 1 each aggregating to Rs. 4.52 Crores by Ventureast Proactive Fund LLC, 138,758 equity shares of face value of Re. 1 each aggregating to Rs. 2.37 Crores by Aion Advisory Services LLP, 48,108 equity shares of face value of Re. 1 each aggregating to Rs. 0.82 Crores by Ventureast Proactive Fund and 1,227 equity shares of face value of Re. 1 each aggregating to Rs. 0.02 Crores by ventureast Sedco Proactive Fund LLC (Collectively Referred to as the "Selling Shareholders", and such equity shares so offered by the selling shareholders, the "Offered Shares", and such offer for sale by the selling shareholders, the "Offer for Sale", and together with the fresh issue, the "Offer"). The company, in consultationwith the brlms,may consider a pre-ipo placement of specified securities aggregating up to Rs. 200.00 crores, as may be permitted under applicable law, at its discretion, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh Issue. The company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken). The offer includes a reservation of up to [*] equity shares of face value of Re.1/- each, aggregating up to Rs.[*] crores (Constituting up to [*]% of the Post-Offer Paid-up Equity Share Capital), for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute [*]% and [*]% of the post-offer paid-up equity share capital of the company, respectively. Price Band: Rs. 171 per equity share of face value of Rs. 1 each. The floor price is 171 times the face value of the equity shares. Bids can be made for a minimum of 87 equity shares of face value of Rs. 1 each and in multiples of 87 equity shares of face value of Rs. 1 each thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Large customer base acquired through a distinctive multi-channel acquisition strategy.
- Driving asset quality through advanced and comprehensive risk management.
- Access to diversified and scalable funding sources.
- Scalable, cloud-native and AI-built technology platform integrated across all key functions
- Experienced founders and leadership, backed by marquee investors
- A significant portion of the company's AUM consists of unsecured loans (94.23% and 98.15% of its total AUM as of December 31, 2025 and March 31, 2025, respectively). Any decrease in demand for the company's unsecured loans products may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company success depends on retaining and expanding its customer base. If the company does not continue to innovate and further develop its platform or the company's platform developments do not perform, or the company is not able to keep pace with technological developments or if the company is unable to attract new customers or are unable to retain and grow its relationships with the company's existing customers, its business, financial condition, cash flows, results of operations and prospects would be materially and adversely affected.
- The company and its Subsidiary have witnessed negative operating cash flows in the past. Net cash inflow/(outflow) of the Company and its Subsidiary was Rs.(1,377.63) million and Rs.(2,294.17) million, respectively, in the nine months ended December 31, 2025 and Rs.(6,614.26) million and Rs.(8,249.93) million, respectively, in Fiscal 2025.
- The company has certain contingent liabilities that have not been provided for in the company's Restated Consolidated Financial Information, which if they materialize, may adversely affect its financial condition.
- A significant portion of the company's AUM is attributable to the southern and western regions of India (35.00% and 26.47%, respectively, of its AUM in the nine months ended December 31, 2025 and 32.91% and 29.07%, respectively, of the company's AUM in Fiscal 2025). Any adverse development in these regions may adversely affect its business, financial condition, cash flows and results of operations.