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Listed
Non Banking Financial Company (NBFC)
OnEMI Technology Solutions Limited IPO
₹926 Cr · Fresh Issue & OFS · Non Banking Financial Company (NBFC)
Price Band
₹162 – ₹171
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹926 Cr
Fresh Issue & OFS
Market Cap
₹2881.06 Cr
At upper band
P/E Ratio
17.9x
P/S: 2.2x
Listing Date
08 May 2026
BSE & NSE
IPO Timeline
✓
Opens
30 Apr 2026
✓
Closes
05 May 2026
✓
Allotment
6 May 2026
✓
Refund
7 May 2026
✓
Listing
08 May 2026
IPO India Hub Recommendation: Subscribe
The company shows solid earnings and a diversified loan book, making the offering attractive at current levels. However, regulatory changes remain a key risk that could affect future growth. Overall, we recommend subscribing to the IPO.
Our Analysis — Key Points
✓ Strength
Consistent growth in loan portfolio
The company posted revenue of ₹1,337.47 crore in the last fiscal year, indicating a sizable operation. Net profit of ₹160.62 crore shows it can convert revenue into earnings.
✓ Strength
Diversified financing products across Indian sectors
It offers a mix of personal loans, micro‑finance and SME financing, reducing reliance on any single segment. Such product mix helps smooth cash flows across economic cycles.
⚠ Risk
Regulatory changes could tighten credit availability
NBFCs in India are subject to frequent regulatory scrutiny that can affect lending limits and capital requirements. Any tightening could pressure profit margins and slow growth.
$ Valuation
Valuation appears reasonable versus peers currently
The IPO is priced at a P/E of about 17.9×, which is modest for the sector. Its price‑to‑sales ratio stands at 2.2×, aligning with the company’s revenue base of ₹1,337.47 crore.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "OnEMI Technology Solutions Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹1337.47 Cr
Net Profit
₹160.62 Cr
Industry
Non Banking Financial Company (NBFC)
Issue Type
Fresh Issue & OFS
Promoters
RANVIR SINGH AND KRISHNAN VISHWANATHAN
Lead Managers
JM Financial, HSBC Securities, Nuvama Wealth Management, SBI Capital Markets and Centrum Broking
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