~ Price band of Rs 162 – Rs 171 per equity share bearing face value of Rs 1 each of OnEMI Technology Solutions Limited (“Equity Shares”)
~ Bid/Offer Opening Date- 30, April, 2026 and Bid/Offer Closing Date – 05, May, 2026.
~ Minimum Bid Lot is 87 Equity Shares and in multiples of Equity Shares thereafter
OnEMI Technology Solutions Limited has announced the price band for its upcoming Initial Public Offering (IPO), set between Rs 162 and Rs 171 per equity share (face value Rs 1 each). The public issue will open for subscription on April 30, 2026, and close on May 5, 2026.
Investors can bid for a minimum of 87 equity shares, with bids accepted in multiples of 87 shares thereafter. Prior to the offer, the company’s issued, subscribed, and paid-up equity share capital stands at 118,775,420 shares of face value Rs 1 each.
The IPO is a fresh issue up to Rs 8,500.00 million and an offer-for-sale for up to 4,439,788 shares by investors – Ammar Sdn Bhd, Vertex Ventures SEA Fund III Pte. Ltd, Vertex Growth Fund Pte. Ltd, Vertex Growth Fund II Pte. Ltd, Ventureast Proactive Fund II, Endiya Seed Co-creation Fund, VenturEast Proactive Fund LLC, AION Advisory Services LLP, Ventureast Proactive Fund and VenturEast SEDCO Proactive Fund LLC.
The Net Proceeds from the Fresh Issue portion of the Offer to the extent of Rs 6,375.00 million are proposed to be utilized towards augmenting the capital base of its subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of its subsidiary, Si Creva’s, business, and general corporate purposes.
The Company is a technology-enabled lender in India, primarily offering digital loans through its mobile application for various consumption and business needs. It provides swift, accessible and personalized credit solutions to support its customers throughout their financial journeys.
The Company is focused on young individuals within the mass market segment, which according to the 1Lattice Report, represents India’s emerging middle class and is aspirational, digitally connected and underpenetrated in credit. As of December 31, 2025, the Company had 63.73 million registered users and served 11.17 million customers along with a net promoter score of 95. Further, it had received a rating of 4.6 on Play Store based on over 1.25 million user reviews as of March 31, 2026. In December 2025, the company also launched its mobile application on the iOS operating system and its application marketplace. As of March 31, 2026, it had received a rating of 4.3 on App Store.
The company maintains a highly granular loan book with over 2.87 million active customers and Rs59,557.53million in assets under management (AUM) as of December 31, 2025. In the nine months ended December 31, 2025, its customers had an average age of 32 years and a median CIBIL score of 746. Further, during the nine months ended December 31, 2025, 67.65% of its customers earned monthly incomes ranging between Rs25,000 to Rs75,000, and 63.38% of its customers resided in the top 50 cities in India.
Risk management is foundational to its business model. The Company utilises advanced data analytics, artificial intelligence (AI) and machine learning (ML) led statistical models for risk management across our processes from making credit decisions to collections.
The Company’s proprietary AI and ML algorithms utilize over 400 key data variables as of December 31, 2025 including credit history, know-your-customer (KYC) credentials, banking and transactional data and digi-data, within a secure and consent-driven environment, to enable rapid and accurate decisioning. As of December 31, 2025, the Company had employed a sophisticated underwriting framework built on 39 specialized sub-models tailored for different customer segments.
Its collections infrastructure is built on the back of its proprietary Automated Collections System (ACS), along with a team of tele-callers and on-ground fleet-on-street. The Company operates a fully tech-enabled, highly scalable, cloud-hosted lending platform, with end-to-end ownership and control of product and technology. This includes the Company’s Loan Origination System (LOS), Loan Management System (LMS) and ACS. As of December 31, 2025, the Company is supported by an in-house team of 331 engineers and product specialists.
Its AUM comprises on-book loans, loans on the balance sheet of its wholly-owned subsidiary, Si Creva (an RBI regulated middle-layer NBFC), and off-book loans, loans on the balance sheet of its lending partners.
As of December 31, 2025, the company’s lender base comprised 47 lenders including banks, NBFCs and fund houses. Its revenue from off-book loans includes sourcing fees (representing charges for originating loans through its platform), servicing fees (representing charges for managing loan servicing and collections) and other performance-linked income (representing charges based on loan performance metrics). These fees and charges are calculated in accordance with pre-agreed contractual arrangements with its lending partners and in compliance with applicable RBI regulations.
The company’s revenue from operations was Rs 15,599.00 million for the nine months ended December 31s, 2025. Its net profit was Rs 1,992.69 million for the nine months period ended December 31, 2025.
