Business Profile of OnEMI Technology Solutions Private Limited
OnEMI Technology Solutions Private Limited was incorporated in 2016 and work as technology-enabled lender in India, primarily offering digital loans through its mobile application for various consumption and business needs. The brand name of company is Kissht (digital lending platform) and Ring (payments app) under which company operates its business. OnEMI provides seamless consumer credit solutions and EMI-based payments which empowers online and offline merchants. Si Creva Capital Services is company NBFC partner, handles loan disbursement, KYC, and EMI collections. As of March 31, 2025, company had 53.23 million registered users and served 9.16 million customers, along with1.00 million plus user reviews, and rating of 4.6 stars on Playstore.
Objective of OnEMI Technology Solutions Private Limited IPO
As per the draft red hearing prospects, the IPO issue consists fresh issue and offer for sale. The fresh issue consists of XXXX shares at the face value of ₨ 1.00 each aggregating up to ₹ 10,000.00 million and OFS consists XXXX shares at face value of ₨ 1.00 each aggregating up to ₨ XXXX million. There are fresh shares issues and OFS by company and main objective of company is capital requirement for subsidiary company and general corporate expenses.
Details of OnEMI Technology Solutions Private Limited IPO
| IPO Open Date | N.A. |
| IPO Close Date | N.A. |
| Basis of Allotment | N.A. |
| Listing Date | N.A. |
| Face Value | ₹1.00 per share |
| Price | N.A. |
| Lot Size | N.A. |
| Total Issue Size | Up to XXXX shares |
| Aggregating up to ₨ XXXX million. | |
| Fresh Issue | Up to XXXX Equity Shares |
| Aggregating up to ₨ 10,000.00 million. | |
| Offer For Sale | Up to 8,879,575 Equity Shares |
| Aggregating up to ₨ XXXX million. | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE & NSE |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not more than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
OnEMI Technology Solutions Private Limited IPO: Issue Price & Size
The issue price of OnEMI TECHNOLOGY SOLUTIONS PRIVATE LIMITED hasn’t been released yet. Upon releasing the dates, the investors can bid between those price ranges. The company has fresh issue and OFS aggregating up to ₹ XXXX million at the price of ₨XXXX.
Launch Date of OnEMI Technology Solutions Private Limited IPO
The IPO opening date of OnEMI TECHNOLOGY SOLUTIONS PRIVATE LIMITED hasn’t been officially announced yet, upon the declaration of dates investor can bid for IPO.
Financial Statements of OnEMI Technology Solutions Private Limited
| Particulars | 31 March 2025 |
31 March 2024 |
31 March 2023 |
| Income | |||
| Revenue from operations | 13,374.65 | 16,744.46 | 9,844.57 |
| Other income | 152.23 | 258.56 | 170.48 |
| Total Income | 13,526.88 | 17,003.02 | 10,015.05 |
| Expenses | |||
| Employee benefits expenses | 1,932.36 | 1,807.56 | 1,157.72 |
| Impairment on financial instruments | 3,268.34 | 6,211.51 | 2,993.00 |
| Finance costs | 1,644.02 | 686.39 | 559.02 |
| Depreciation and amortization | 227.02 | 228.78 | 178.56 |
| Other expenses | 4,292.50 | 5,394.37 | 4,887.22 |
| Total expenses | 11,364.24 | 14,328.61 | 9,775.52 |
| Profit before tax | 2,162.64 | 2,674.41 | 239.53 |
| Tax expense : | |||
| ( 1 ) Current tax | 379.37 | 938.52 | 531.40 |
| ( 2 ) Excess / ( Short ) Provision of tax for earlier years | 17.92 | 21.38 | ( 99.25 ) |
| ( 3 ) Deferred tax | 159.14 | ( 258.39 ) | ( 469.29 ) |
| Total tax expense | 556.43 | 701.51 | ( 37.14 ) |
| Profit for the year | 1,606.21 | 1,972.90 | 276.67 |
Key financial ratios of OnEMI Technology Solutions Private Limited
| Particulars | Units | 2025 | 2024 | 2023 |
| Financial metrics | ||||
| Total Income | in million | 13,526.88 | 17,003.02 | 10,015.05 |
| Net Total Income | in million | 11,882.86 | 16,316.63 | 9.456.03 |
| Profit before Tax | in million | 2.162.64 | 2,674.41 | 239.53 |
| Profit after Tax | in million | 1,606.21 | 1,972.90 | 276.67 |
| Return on Assets | % | 7.14 % | 12.85 % | 3.25 % |
| Return on Equity | % | 17.74 % | 28.78 % | 6.93 % |
| EPS ( Diluted ) | ₹ | 12.79 | 15.54 | 2.50 |
| Cost to Income Ratio | % | 54.30 % | 45.54 % | 65.82 % |
| Net Worth | in million | 10,059.94 | 8,045.69 | 5,662.34 |
| Capital to Risk Weighted Asset Ratio | % | 25.18 % | 25.77 % | 21.13 % |
| Debt to Equity ratio | times | 1.50 | 0.97 | 0.69 |
| Gross NPA | % | 2.89 % | 0.79 % | 0.05 % |
| Net NPA | % | 0.25 % | 0.00 % | 0.00 % |
| Provisioning Coverage Ratio | % | 91.48 % | 100.00 % | 100.00 % |
Promoters & Shareholding OnEMI Technology Solutions Private Limited IPO
As of date, according to the DRHP filed with SEBI promoters and promoter group have 16.61% shareholding in company.
| Name of Shareholders | Number of Equity Shares | Percentage of Equity share |
| Promoters & Promoters group (A) | 29,030,300 | 16.61% |
| Public (B) | 25,060,780 | 83.39% |
| Total (A+B) | 54,091,080 | 100% |
Should You Subscribe To OnEMI Technology Solutions Private Limited IPO
While investing or subscribing to any IPO, consider the investment rationales related to the company. Hence, here you can find out the strength of the company that will be its growth factors. And also check the risk factors that can affect the growth and operational efficiency of the company.
Competitive Strengths of OnEMI Technology Solutions Private Limited IPO
Large customer base
The company had 53.23 million registered users and served 9.16 million customers driven by efficient multichannel acquisition strategy, which combines online and offline channels. The API-first architecture of mobile application allows company to integrate with these platforms, embedding credit solutions into high-traffic marketplaces and expanding their presence within India’s growing embedded finance ecosystem.
Advanced risk management
The company has built a data-first architecture that integrates ML across risk, credit and collection workflow. The data-driven infrastructure has enabled company to scale into borrower segments that were traditionally underserved by conventional lenders, while maintaining an asset quality across economic cycles. The underwriting processes are supported by a team of 27 data scientists which allows for more accurate risk assessment and tailored credit decisions beyond traditional credit scores.
Diversified and scalable funding sources
The AUM of company is built on a balanced funding framework, comprising on-book and off-book loans. On-book loans are originated and managed through company wholly-owned Subsidiary, Si Creva, which is an RBI regulated and registered middle-layer NBFC. This diversified funding model enhances its capital efficiency, supports scalable growth and enables them to serve a wider customer base across risk profiles.
Scalable, cloud-native and AI-built technology
The company has adopted a technology-first approach across the entire lending lifecycle, i.e., from the initial stages of customer acquisition and digital on boarding to credit underwriting, loan disbursal, post-disbursal servicing and collections. It leverage advanced ML algorithms, AI models and cloud-native infrastructure to build and operate a modern, scalable and secure lending platform.
Risk Factors of OnEMI Technology Solutions Private Limited IPO
High Unsecured Loan Exposure
The company offers a wide range of financial products including unsecured loans (personal loans) and secured loans (loan against property (“LAP”). In which a significant portion of company AUM consists of unsecured loans (98.15% of total AUM as of March 31, 2025). Any decrease in demand for unsecured loans products may adversely affect company business, financial condition, and cash flows.
Customer retention
The company has acquired 53.23 million registered users and served 9.16 million customers in March 31, 2025. The success and future growth of company depend on ability to continue to attract new customers and to expand AUM from existing customers. To do this, company must stay abreast of emerging customer preferences and product trends that will appeal to existing and potential customers. If we are unable to attract new customers then business operations would be adversely affected.
Customer default risk
The company offers a range of financial products to its customers, primarily comprising young individuals with high income potential and substantial consumption needs. In company business operations involve transactions with borrowers with higher risk of default. Any default from customers or non-recovery from its customers or inability to recover the full value of collateral could adversely affect financial condition of company.
Significant capital requirement
The company requires substantial capital for business because results of operations depend on ability of company to raise both debt and equity from various external sources on suitable terms and in a timely manner. Any disruption in sources of capital or inability of company to meet its obligations, including financial and other covenants under debt financing arrangements could adversely affect cash flows, results of operations and prospects.
OnEMI Technology Solutions Private Limited IPO Grey Market Premium
Grey market premium is the premium quoted over the IPO issue price. GMP shows that investors are ready to pay above the upper band of the IPO issue price. GMP is determined in the grey market as per the demand and supply of the shares in the primary market. A grey market is that unofficial ecosystem of unlisted companies’ stocks that start trading even before the launch of the IPO to the date of its listing.
Also Read: What is Grey Market Premium in IPO: How is GMP Calculated & Reliable
However, GMP is not a reliable factor, as it keeps fluctuating as per the demand and supply of shares in the primary market. There are numerous factors that affect the stock market in India and individual stock prices of different companies that are already listed and trading in the secondary market. However, for an IPO-bounded company, you can consider the GMP as the speculative listing price of the share
According to various online sources, the Grey Market Premium or GMP of the ONEMI TECHNOLOGY SOLUTIONS PRIVATE LIMITED is trading around Rs XX in the grey market. It means shares are trading at the upper band issue price of Rs XX with a premium in the grey market and may list around the same price.
