OnEMI Technology Solutions (Kissht) IPO
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OnEMI Technology Solutions (Kissht) IPO details
Schedule of OnEMI Technology Solutions (Kissht)
| Issue open date | 30 Apr 2026 |
| Issue close date | 05 May 2026 |
| UPI mandate deadline | 05 May 2026 (5 PM) |
| Allotment finalization | 06 May 2026 |
| Refund initiation | 07 May 2026 |
| Share credit | 07 May 2026 |
| Listing date | 08 May 2026 |
| Mandate end date | 20 May 2026 |
| Lock-in end date for anchor investors (50%) | 04 Jun 2026 |
| Lock-in end date for anchor investors (remaining) | 03 Aug 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About OnEMI Technology Solutions (Kissht)
OnEMI Technology Solutions Limited operates a technology-driven digital lending platform under the brand “Kissht,” focused on providing credit solutions to individuals across India. The company offers personal loans and, more recently, loans against property (LAP), catering to both consumption and business-related needs through a largely digital process. Its platform manages the entire loan lifecycle, including customer acquisition, onboarding, credit assessment, disbursal, and collections. The company generates revenue from interest income on loans held on its books and through partnerships with lending institutions. In such arrangements, it earns sourcing fees, servicing fees, and performance-linked income for originating and managing loans. Its business model combines a digital-first approach with partnerships and data-driven processes, enabling scalable lending and access to credit for underserved customer segments nationwide.
Financials of OnEMI Technology Solutions (Kissht)
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 925.92 |
| Fresh Issue – Proceeds go to the company | 850 |
| Offer for sale – Proceeds go to the existing investors | 75.92 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital infusion into subsidiary Si Creva for business growth | 637.5 (75%) |
| General corporate purposes | 212.5 (25%) |
Strengths
- Technology-led digital lending platform with fast and seamless loan disbursals
- Large and steadily growing base of registered users and active customers
- Proprietary data-driven underwriting and risk assessment capabilities
- Scalable hybrid model combining own lending and partner-led loans
- Experienced promoters with strong backgrounds in finance and technology
Risks
- A high proportion of unsecured loans increases credit and default risk
- Growth depends on acquiring and retaining customers at scale
- Exposure to regulatory changes in digital lending and NBFC norms
- Heavy reliance on technology platforms creates operational risk
- Ongoing need for capital to fund growth and lending activities