OnEMI Technology Solutions Limited Announces IPO Opening on April 30, 2026
Price band set at Rs 162–171 per equity share; proceeds to strengthen subsidiary Si Creva’s capital base
POSTED BY:- Poonam S. Juthani
DT:-28/04/2026
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Mumbai, April 27, 2026 — OnEMI Technology Solutions Limited has announced the launch of its Initial Public Offering (IPO), setting a price band of Rs 162 to Rs 171 per equity share of face value Rs 1 each. The IPO will open for subscription on April 30, 2026, and close on May 5, 2026. Investors can bid for a minimum of 87 equity shares and in multiples thereafter.
The company’s issued, subscribed, and paid‑up share capital before the offer comprises 118,775,420 equity shares of face value Rs 1 each. The IPO consists of a fresh issue up to Rs 8,500 million and an offer‑for‑sale of up to 4,439,788 shares by existing investors including Ammar Sdn Bhd, Vertex Ventures SEA Fund III Pte. Ltd, Vertex Growth Fund entities, Ventureast Proactive Fund II, Endiya Seed Co‑creation Fund, AION Advisory Services LLP, and VenturEast SEDCO Proactive Fund LLC.
Utilization of Proceeds
The net proceeds from the fresh issue, amounting to Rs 6,375 million, are proposed to be utilized towards augmenting the capital base of the company’s wholly‑owned subsidiary Si Creva, an RBI‑regulated NBFC. This capital infusion will support Si Creva’s future requirements arising from business growth, alongside general corporate purposes.
Company Overview
OnEMI Technology Solutions Limited is a technology‑enabled lender in India, primarily offering digital loans through its mobile application for consumption and business needs. The company provides swift, accessible, and personalized credit solutions, focusing on young individuals within the mass market segment — India’s emerging middle class, which 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, with a net promoter score of 95. OnEMI’s mobile application has received strong ratings, including 4.6 on Play Store from over 1.25 million reviews and 4.3 on App Store since its iOS launch in December 2025.
Loan Book and Customer Profile
The company maintains a highly granular loan book with 2.87 million active customers and Rs 59,557.53 million in assets under management (AUM) as of December 31, 2025. Its customers had an average age of 32 years and a median CIBIL score of 746. During the nine months ended December 31, 2025, 67.65% of customers earned monthly incomes between Rs 25,000 and Rs 75,000, while 63.38% resided in India’s top 50 cities.
Risk Management and Technology
Risk management is central to OnEMI’s business model. The company leverages advanced data analytics, artificial intelligence (AI), and machine learning (ML) for credit decisions and collections. Its proprietary algorithms utilize over 400 key data variables, including credit history, KYC credentials, banking and transactional data, within a secure, consent‑driven environment.
The underwriting framework is built on 39 specialized sub‑models tailored for different customer segments. Collections are supported by the company’s Automated Collections System (ACS), tele‑callers, and on‑ground teams. OnEMI operates a fully tech‑enabled, cloud‑hosted lending platform with end‑to‑end ownership of product and technology, including its Loan Origination System (LOS), Loan Management System (LMS), and ACS. As of December 31, 2025, the company employed 331 engineers and product specialists.
Lender Base and Revenue Model
OnEMI’s AUM comprises on‑book loans, loans on Si Creva’s balance sheet, and off‑book loans on partner balance sheets. As of December 31, 2025, its lender base included 47 institutions — banks, NBFCs, and fund houses. Revenue from off‑book loans is derived from sourcing fees, servicing fees, and performance‑linked income, calculated under contractual arrangements with lending partners and in compliance with RBI regulations.
Conclusion
With its IPO opening on April 30, 2026, OnEMI Technology Solutions Limited aims to strengthen its capital base and expand its reach in India’s digital lending ecosystem. By combining technology‑driven risk management, a robust customer base, and strong partnerships, the company is positioned to continue delivering accessible and personalized credit solutions to India’s emerging middle class.
