Onemi Technology Solutions IPO
Onemi Technology Solutions LtdMainboard
This IPO has listed.
- Open date
- 30 Apr 2026
- Close date
- 5 May 2026
- Min. Investment
- ₹14,877
- Lot Size
- -
- Fresh Issue
- ₹850.00 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers24.87x
- Non-Institutional Investors6.57x
- Retail-Individual Investors2.03x
- Total9.50x
Schedule
- Completed: IPO open date30 Apr 2026
- Completed: IPO close date5 May 2026
- Completed: Allotment date6 May 2026
- Completed: Funds unblock or debit7 May 2026
- Completed: Tentative listing date8 May 2026
About
Promoter shareholding in Onemi Technology Solutions Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Ranvir Singh | 2,42,91,232 | 18.78% | 2,42,91,232 | 14.42% |
| Krishnan Vishwanathan | 1,74,93,894 | 13.52% | 1,74,93,894 | 10.38% |
| Ammar Sdn Bhd | 1,56,88,260 | 12.13% | 1,45,31,943 | 8.63% |
| Vertex Ventures SEA Fund III | 1,05,00,809 | 8.12% | 97,08,501 | 5.76% |
| Vertex Growth Fund Pte. Ltd. | 94,12,960 | 7.28% | 89,56,129 | 5.32% |
| Vertex Growth Fund II Pte. Lt | 94,12,960 | 7.28% | 89,56,129 | 5.32% |
| Ventureast Proactive Fund II | 79,98,270 | 6.18% | 74,08,751 | 4.40% |
| Endiya Seed Co creation Fund | 72,63,560 | 5.61% | 67,28,193 | 3.99% |
| Sistema Asia Fund Pte. Ltd | 68,06,240 | 5.26% | 68,06,240 | 4.04% |
| VenturEast Proactive Fund LLC | 35,88,890 | 2.77% | 33,24,368 | 1.97% |
| Abhijit Bhandari | 15,72,901 | 1.22% | 15,72,901 | 0.93% |
| AION Advisory Services LLP | 8,60,227 | 0.66% | 7,21,469 | 0.43% |
Financials of Onemi Technology Solutions IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 1700.00 | 1352.49 | 2208.81 |
| Total Expenses | 1432.86 | 1136.43 | 1832.45 |
| Profit Before Tax | - | - | - |
| Total Profit | 197.29 | 160.62 | 281.45 |
Onemi Technology Solutions IPO Strengths & Risks
- Large customer base acquired through a distinctive multi-channel acquisition strategy.
- Driving asset quality through advanced and comprehensive risk management.
- Access to diversified and scalable funding sources.
- Scalable, cloud-native and AI-built technology platform integrated across all key functions
- Experienced founders and leadership, backed by marquee investors
- Risks Relating to the Business: A significant portion of the company's AUM consists of unsecured loans (94.23% and 98.15% of its total AUM as of December 31, 2025 and March 31, 2025, respectively). Any decrease in demand for the company's unsecured loans products may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company success depends on retaining and expanding its customer base. If the company does not continue to innovate and further develop its platform or the company's platform developments do not perform, or the company is not able to keep pace with technological developments or if the company is unable to attract new customers or are unable to retain and grow its relationships with the company's existing customers, its business, financial condition, cash flows, results of operations and prospects would be materially and adversely affected.
- Risks Relating to the Business: The company and its Subsidiary have witnessed negative operating cash flows in the past. Net cash inflow/(outflow) of the Company and its Subsidiary was Rs.(1,377.63) million and Rs.(2,294.17) million, respectively, in the nine months ended December 31, 2025 and Rs.(6,614.26) million and Rs.(8,249.93) million, respectively, in Fiscal 2025.
- Risks Relating to the Business: The company has certain contingent liabilities that have not been provided for in the company's Restated Consolidated Financial Information, which if they materialize, may adversely affect its financial condition.
- Risks Relating to the Business: A significant portion of the company's AUM is attributable to the southern and western regions of India (35.00% and 26.47%, respectively, of its AUM in the nine months ended December 31, 2025 and 32.91% and 29.07%, respectively, of the company's AUM in Fiscal 2025). Any adverse development in these regions may adversely affect its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company's inability to use software licensed from third parties could adversely affect its ability to sell the company's offerings and subject the company to possible litigation, which may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company depends on its Subsidiary, Si Creva, for the company's on-book loans. Any disruption in its business could materially and adversely impact its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The Company has, in the past, allotted Series A OCRPS and Series B OCRPS to our Promoters, which were subsequently converted to Equity Shares of the Company in the conversion ratio of 1:1,457,280.
- Risks Relating to the Business: The company relies on collecting and analyzing data to enhance its business performance and results and depend on the accuracy and completeness of information provided by the company's customers. The company's reliance on any misleading information may affect its judgment of their credit worthiness, as well as the value of and title to the collateral. Further, any inability to accumulate or access sufficient data in the future or analyze the data effectively may adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: If the company is unable to control the level of GNPAs in our portfolio effectively (the company's Gross NPA was 2.90% and 2.89% as of December 31, 2025 and March 31, 2025, respectively) or if the company is unable to maintain adequate provisioning coverage (the company's provisioning coverage ratio was 86.88% and 91.48% in the nine months ended December 31, 2025 and Fiscal 2025, respectively) or if there is any change in regulatory-mandated provisioning requirements, its business, financial condition, cash flows, results of operations and prospects could be adversely affected.
- Risks Relating to the Business: Systems failures and resulting interruptions in the availability of the company's platform could adversely affect its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company's insurance coverage may not be sufficient or may not adequately protect the company against risks and unexpected events, which may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: As an NBFC, the company's Subsidiary is subject to periodic inspections by the RBI, and any non-compliance with such observations made by the RBI during these inspections could subject the company to penalties, restrictions and cancellation of the relevant license and could adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company has entered into lending arrangements with certain third-party non-banking financial companies (48.87% and 39.45% of its total AUM as of December 31, 2025 and March 31, 2025, respectively, was attributable to the company's off-book loans). Any premature termination of such lending arrangements may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: Two of the company's shareholders are subject to sanctions imposed by the Office of Financial Sanctions Implementation ("OFSI") and the Office of Foreign Assets Control ("OFAC"), which may expose the company to the risk from sanctions as well. Any failures to comply with such laws could potentially have an adverse effect on its business, financial condition and prospects.
- Risks Relating to the Business: The company requires substantial capital for its business. Any disruption in the company's sources of capital or its inability to meet the company's obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company's business operations involve transactions with borrowers with higher risk of default. Any default from its customers or non-recovery from the company's customers or its inability to recover the full value of collateral (in case of secured loans) could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The growth of the company's business will depends upon the strength of our "Kissht" brand, and any failures to maintain, protect and enhance its brand or any negative publicity could limit the company's ability to retain or expand its customer base, which could materially and adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company may be impacted by volatility in interest rate, which could cause its Net Total Income to vary and consequently affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company's business handles and processes significant volume of data. Security breaches and attacks against its platform, and any potentially resulting breach or failures to otherwise protect confidential and proprietary information, could damage its reputation and negatively impact its business, as well as materially and adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: There is outstanding litigation against the Company and Subsidiary. An adverse outcome in any of these proceedings may affect its reputation and standing and impact the company's future business and could have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company operates within a dynamic and competitive online fintech lending industry, which makes it difficult to predict its future prospects.
- Risks Relating to the Business: The company accepts a wide variety of repayment methods that subjects the company to third-party payment processing-related risks.
- Risks Relating to the Business: Any downgrade in the company's Subsidiary's credit ratings could increase its borrowing costs, affect the company's ability to obtain financing, and adversely affect its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company may faces asset-liability mismatches, which could affect its liquidity and consequently may adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: Failures to deal effectively with any fraud perpetrated on its platforms could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company relies on mobile operating systems and application marketplaces to make its applications available to customers. If the company does not effectively operate with or receive favorable placements within such application marketplaces, the company's usage could decline and its business, financial condition, cash flows, results of operations and prospects could be adversely affected.
- Risks Relating to the Business: The company's inability to maintain its capital adequacy ratio could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company may not be able to identify, monitor and manage risks or effectively implement its risk management policies, which may adversely affect our business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders' approval.
- Risks Relating to the Business: The company may be unsuccessful in adapting to rapidly changing technologies and introducing new products or services to keep pace with such technological changes.
- Risks Relating to the Business: The company relies on third-parties to whom we have outsourced certain of its operations. If these third-parties fail to perform their obligations to the company, it could adversely affect its business and cause us financial loss, which may not be recoverable from such third-party in full or at all.
- Risks Relating to the Business: The company's business has grown rapidly in recent years, and the company may not be able to successfully implement its growth strategies or sustain the company's rate of growth in the future.
- Risks Relating to the Business: There have been certain instances of delays in payment of statutory dues by the Company and its Subsidiary in the past. Any failures or delay in payment of such statutory dues may expose the company to statutory and regulatory action, as well as significant penalties, and may adversely impact its business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: The financial services industry is heavily regulated, and material changes in the laws, rules and regulations that govern the company could cause the company's business to suffer.
- Risks Relating to the Business: In the past, an application made by the company's Subsidiary, Si Creva, seeking approval for a co-branding partner for the issuance of prepaid payment instruments from RBI was not acceded by RBI. The company cannot assure you that applications seeking regulatory approval will not be rejected in the future. Any such rejections in the future may affect its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company's Subsidiary, Si Creva, was previously classified as a `High Risk Financial Institution' by FIU-IND due to certain non-compliances under the Prevention of Money Laundering Act, 2002, as amended. In the event the company is unable to comply with the applicable requirements, the company may be subject to regulatory actions by the applicable regulatory authorities.
- Risks Relating to the Business: Data collection and storage in India are increasingly governed by strict laws and regulations, as governments work to protect the privacy and security of personal information. Non-compliance with data protection regulations could lead to fines, license revocation, or criminal liabilities, adversely affecting its business, reputation, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's Subsidiary, Si Creva, is required to maintain adequate capital buffers against rising portfolio risks. Any inability to maintain such a buffer would result in non-compliances, which may adversely affect its business and financial performance.
- Risks Relating to the Business: The company may be unable to adequately obtain, maintain, protect and enforce its intellectual property rights. The company may also be subject to intellectual property infringement claims, which may be expensive to defend and may disrupt its business and operations.
- Risks Relating to the Business: The company is subject to counter-terrorism financing, anti-bribery and corruption and anti-money laundering laws, and its inability to detect non-compliance and other illegal activities fully and on a timely basis may expose the company to additional liability and adversely affect its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company is dependent on digital marketing for the acquisition of customers (45.51% and 48.69% of its customers in the nine months ended December 31, 2025 and Fiscal 2025, respectively, were acquired through digital marketing). Internet search engines drive traffic to Communications and signal Processing products platforms and its customer growth could decline and the company's business, financial condition, cash flows, results of operations and prospects would be adversely affected if the company fails to appear prominently in search results.
- Risks Relating to the Business: The company's success depends in large part upon our Promoters, KMPs, Senior Management and certain other employees and its inability to attract, train and retain such persons could adversely affect the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: Any deterioration in the performance of any pool of receivables securitized to banks and other institutions may adversely impact its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The company has in the past entered into related party transactions and will continue to do so in the future on an arm's length basis and the company cannot assure you that the company could not have achieved more favorable terms if such transactions had not been entered into with related parties.
- Risks Relating to the Business: An inability to establish and maintain effective internal controls could lead to an adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: Increased losses due to fraud, employee misconduct, employee negligence, theft or similar incidents may have a negative impact on the company's business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: The loans provided to the company's customers can be used for various purposes and the company may not have any control over such use. This may result in a failures by customers to repay the loans in a timely manner or at all and this may have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.
- Risks Relating to the Business: Certain sections of this Red Herring Prospectus disclose information from the 1Lattice Report which has been prepared exclusively for the Offer and commissioned and paid for by the company and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- Risks Relating to the Business: The company has in this Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to the company's operations and financial performance that may vary from any standard methodology that is applicable across the industry the company operates.
- Risks Relating to the Business: The company's Promoters will continue to retain significant shareholding in the Company after the Offer, which will allow them to exercise significant influence over the company.
- Risks Relating to the Business: The grant of options in future under any employee stock option schemes by the Company will result in a charge to the company's profit and loss account and may adversely impact its net income.
- Risks Relating to the Business: The company's Registered and Corporate Office are on leave and license basis. Any termination or failures by the company to renew the leave and license arrangements for the company's Registered and Corporate Office in a timely manner and on acceptable terms, or at all, could adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company cannot assure payment of dividends on the Equity Shares in the future and its ability to pay dividends in the future will depends on the company's earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements and the company's may not be able to pay dividends in future.
- Risks Relating to the Business: As a publicly listed company,the company will be subject to additional compliance requirements and increased scrutiny. Some of its Directors do not have any prior experience in directorship of listed entities, which may affect the company's ability to meet such additional compliance requirements.
- Risks Relating to the Business: The company has, in the last 12 months, issued Equity Shares at a price that could be lower than the Offer Price.
- Risks Relating to the Business: The Company will not receive any proceeds from the Offer for Sale portion.
