OnEMI Technology Solutions IPO opens April 30: Check price band, lot size and key dates

OnEMI Technology Solutions IPO: The initial public offering of OnEMI Technology Solutions, which operates digital lending platform Kissht, will open for subscription on April 30. The issue will end on May 5. The price band has been fixed at ₹162 to ₹171 per share.

The ₹925.92 crore initial share sale is a mix of fresh issuance of 4.97 crore shares worth ₹850 crore and an offer for sale (OFS) of 44.39 lakh shares aggregating to ₹75.92 crore.

Under the OFS, Ammar Sdn Bhd, Vertex Growth Fund Pte Ltd, Vertex Ventures SEA Fund III Pte Ltd, Vertex Growth Fund II Pte Ltd, Ventureast Proactive Fund II, Endiya Seed Co-creation Fund, AION Advisory Services LLP, VenturEast Proactive Fund LLC, VenturEast SEDCO Proactive Fund LLC and Ventureast Proactive Fund will offload their stake.

The funds raised will be utilised for augmenting the capital base of its subsidiary Si Creva and general corporate purposes. "Our company expects to receive the benefits of listing of the equity shares on the stock exchanges, including enhancement of our company's brand name and creation of a public market for our equity shares of face value of ₹1 each in India," the company said in its red herring prospectus.

OnEMI Technology Solutions IPO: Lot size

A lot consists of 87 shares and multiples thereof. Half of the net offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

OnEMI Technology Solutions IPO: Key dates

JM Financial, Nuvama Wealth Management, HSBC Securities and Capital Markets (India), SBI Capital Markets and Centrum Broking are the issue's book-running lead managers, while KFin Technologies is the registrar.

The company's shares will be listed on the NSE and the BSE.

OnEMI Technology Solutions operates under the brand names Kissht and Ring (payments app).

Kissht is a technology-enabled lender, primarily providing digital loans via its mobile application for various consumption and business needs. It maintains a highly granular loan book with more than 2.87 million active customers and ₹5,955.75 crore in assets under management as of December 31, 2025.