OnEMI Sets IPO Price Band at ₹162-171, Subscription Starts April 30
OnEMI sets ₹162-171 IPO price band; issue to open for subscription April 30
Business Standard
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OnEMI Technology Solutions has established a price band of ₹162–171 per share for its upcoming initial public offering (IPO), set to open for subscription on April 30 and close on May 5. The IPO aims to raise up to ₹850 crore through a fresh issue and an offer for sale from existing investors.
- 01OnEMI's IPO price band is set at ₹162–171 per share.
- 02The IPO opens for subscription on April 30 and closes on May 5.
- 03The offering includes a fresh issue worth up to ₹850 crore and an offer for sale of ₹76 crore.
- 04As of December 2025, OnEMI had 11.17 million customers and assets under management of ₹59,557.5 million.
- 05The company reported a revenue of ₹1,560 crore and a net profit of ₹199 crore for the nine months ending December 2025.
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OnEMI Technology Solutions, a digital lending platform, has announced a price band of ₹162–171 per share for its initial public offering (IPO), which will be open for subscription from April 30 to May 5. The IPO consists of a fresh issue of shares worth up to ₹850 crore and an offer for sale (OFS) of ₹76 crore by existing investors, including Vertex Ventures and Ventureast funds. OnEMI focuses on young, mass-market consumers and reported having 11.17 million customers with assets under management totaling ₹59,557.5 million as of December 2025. For the nine months ending December 2025, the company generated a revenue of ₹1,560 crore and a net profit of ₹199 crore. The firm utilizes AI and machine learning-based underwriting models and collaborates with a network of 47 lenders, including banks and non-banking financial companies (NBFCs), to facilitate loan origination and servicing.
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OnEMI's IPO could provide new investment opportunities for retail investors and enhance the company's capital for further growth, potentially benefiting customers through improved services.
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