u/Green_Repeat4474

I have been monitoring the news on the OnEMI Technology Solutions IPO, and it is interesting to see that the issue is already in the oversubscribed area. Figured I’d go through the fundamentals to have some idea of what is behind the interest.

This is not a new or untested category since the company has established digital lending platforms such as Kissht, which are already operating throughout the market.

Some simple IPO points could be noted:

The price band has been set around ₹162–171 per share.

It has a large amount of funds available to it which is to be allocated to the lending arm, Si Creva.

Almost ₹278 crore was raised by anchor investors prior to the issue opening.

In general, the distribution of funds appears clear: enhance the lending business and build the credit infrastructure to support their business.

With the oversubscription, there is evidently high demand.

Do you intend to apply, or are you merely watching its listing?

Came across this infographic while reading about the OnEMI (Kissht) IPO. Sharing it along with some observations.

I was going through the data of OnEMI Technology (Kissht) and a few things caught my attention.

The company is already profitable, which is not very common in fintech. In FY25, it reported revenue of around ₹1,352.7 crore and PAT of about ₹160.6 crore. For the 9 months ending Dec 2025, revenue is already around ₹1,583.9 crore and PAT around ₹199.3 crore, so growth seems to be continuing.

The user base is also quite large

Around 53 million registered users
About 1.9 million active customers
AUM is roughly ₹4,000+ crore

These numbers suggest there is real usage, not just app downloads.

One more thing I noticed is how the IPO money will be used. A big part (around ₹637 crore) will go to its lending subsidiary, Si Creva Capital. This makes sense because lending businesses need capital to grow.

The company also raised about ₹278 crore from anchor investors before the IPO, which shows some institutional interest.

Overall, the business looks stable based on numbers and execution so far, especially compared to some fintech companies that are still not profitable.

Source: Company filings / RHP
Not a recommendation, just sharing for discussion

Has anyone else reviewed this IPO? Do you see potential here?

Anyone following the OnEMI Technology (Kissht) IPO? appears to be already over-subscribed.