Upcoming IPO: OnEMI Technology issue opens on April 30–7 key things investors should know

OnEMI Technology IPO: OnEMI Technology Solutions Limited is set to hit the primary markets with its initial public offering (IPO), offering investors exposure to India's expanding digital lending and financial technology market. The IPO will open for subscription on April 30, 2026, and close for bidding on May 5, 2026.

Here are the 7 key details investors should know before the issue opens:

1) IPO size and structure

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The OnEMI Technology IPO is a book-built issue of around Rs 926 crore. The issue comprises a fresh issue of 4.97 crore equity shares worth Rs 850 crore and an offer for sale (OFS) of 0.44 crore shares worth nearly Rs 76 crore.

As of the date of this red herring prospectus (RHP), the company’s promoters, Ranvir Singh and Krishnan Vishwanathan, collectively hold 32.30 per cent of the issued equity share capital.

2) Price band and valuation

The company has fixed the price band at Rs 162 to Rs 171 per share. At the upper end of the price band, the company’s pre-IPO market capitalisation stands at approximately Rs 2,881 crore.

3) OnEMI Technology IPO: Subscription dates and listing schedule

The IPO will open on April 30, 2026, and close on May 5, 2026. The basis of allotment is expected to be finalised on May 6, 2026, while the IPO shares are tentatively scheduled to list on May 8, 2026, on both the stock exchanges, NSE and BSE.

4) Lot size and minimum investment

Investors can apply for a minimum lot size of 87 shares. At the upper price band, this translates to a minimum retail investment of Rs 14,877 per application.

5) OnEMI Technology IPO allocation structure

• Qualified Institutional Buyers (QIBs): Not more than 50 per cent of the net issue
• Retail investors: Not less than 35 per cent
• Non-Institutional Investors (NIIs): Not less than 15 per cent

6) Lead managers and registrar details

The IPO is being managed by a consortium of leading investment banks, including JM Financial Ltd, HSBC Securities & Capital Markets (India) Pvt Ltd, Nuvama Wealth Management Ltd, SBI Capital Markets Ltd, and Centrum Broking Ltd. The registrar to the issue is Kfin Technologies Ltd.

7) Sachin Tendulkar's stake in the company

A key highlight in the company’s RHP was its association with former Indian cricket captain Sachin Tendulkar. The company announced its partnership with Sachin Tendulkar for brand ambassador role, which took place in fiscal year 2025, to establish consumer confidence and boost brand recognition, according to the company.

The RHP filings show both brand endorsement contracts and security agreements through which the company issued structured equity and CCPS. The investor acquired 53,778 Series Z4 Compulsorily Convertible Preference Shares (CCPS) through private placement at Rs 2,232 per share (face value Rs 10), which the company issued in three equal tranches of 17,926 CCPS each during February and June 2025.

These CCPS were later converted on February 25, 2026, in a 1:10 ratio, resulting in the allotment of 537,780 equity shares to Sachin Tendulkar. The structure was disclosed as part of service and investment-linked arrangements, with an effective conversion price of approximately Rs 223.2 per equity share.

About OnEMI Technology Solutions Limited

OnEMI Technology Solutions Limited operates as a digital lending platform within India’s financial technology industry. The company provides multiple credit products, which include small personal loans and secured loans that use Loan Against Property (LAP) as collateral. The organisation improves credit access through its implementation of data analytics, alternative credit scoring systems and technology-based underwriting methods.

The company offers two main platforms that customers can access through their digital lending service, Kissht, and their Ring platform, which provides payment and credit services. Si Creva Capital Services serves as the company's NBFC partner to manage loan disbursement, KYC processes and EMI collection activities.

The IPO of OnEMI Technology Solutions Limited is positioned as a fintech-focused public issue backed by its digital lending operations and brand visibility. The issue also highlights its association with former cricketer Sachin Tendulkar. Investors will evaluate the company's financial performance, asset quality and growth potential when the IPO begins its subscription period.