Onemi Technology Solutions Ltd IPO
Status: Current
Overview
IPO date
30 Apr 2026 to 05 May 2026
Face value
₹ 1 per share
Price
₹ 162 to ₹171 per share
Issue Size
54,147,391 shares
(aggregating up to ₹ 925.92 Cr)
(aggregating up to ₹ 925.92 Cr)
Allotment Date
06 May 2026
Listing at
NSE
Issue type
Book Building
Sector
E-Commerce/App based Aggregator
Objectives of Onemi Technology Solutions Ltd IPO
Onemi Technology Solutions Ltd IPO Strategy
About Onemi Technology Solutions Ltd
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T&C*
Strengths vs Risks of Onemi Technology Solutions Ltd
Know the pros & cons
Strengths
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
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- The company operates within a dynamic and competitive online fintech lending industry, which makes it difficult to predict its future prospects.
- The company accepts a wide variety of repayment methods that subjects the company to third-party payment processing-related risks.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders' approval.
- The company may be unsuccessful in adapting to rapidly changing technologies and introducing new products or services to keep pace with such technological changes.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- The company has, in the last 12 months, issued Equity Shares at a price that could be lower than the Offer Price.
- The Company will not receive any proceeds from the Offer for Sale portion.
Onemi Technology Solutions Ltd Peer Comparison
Understand the company’s industry standing
Onemi Technology Solutions Ltd
Bajaj Finance Limited
Cholamandalam Investment & Finance Company Limited
Face Value
1
1
2
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
1352.69
69724.78
26152.76
EPS-Basis
33.09
26.89
50.72
EPS-Diluted
12.79
26.82
50.6
NAV Per Share
187.58
155.6
281.45
P/E-Basic EPS
---
34.36
30.99
P/E-Diluted EPS
---
---
---
RONW(%)
---
---
---
Latest NAV Period
---
---
---
Latest NAV
---
---
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The IPO opens on 30 Apr 2026 & closes on 05 May 2026.
Onemi Technology Solutions Limited was incorporated as OnEMI Technology Solutions Private Limited' as a private limited company under the Companies Act, 2013, pursuant to the certificate of incorporation dated June 18, 2016, issued by the RoC. Company was subsequently converted into a public limited company and the name of Company was changed to OnEMI Technology Solutions Limited', and a fresh certificate of incorporation dated July 8, 2025, was issued by the RoC.
Kissht is a technology-enabled lender in India, primarily offering digital loans through its mobile application for various consumption and business needs. It provide swift, accessible and personalized credit solutions supporting to support customers throughout their financial journeys.
Company use various online and offline channels to acquire customers, including through digital marketing on search engines and social media platforms, partnerships with small businesses (shop owners and retail outlets), and collaborations with e-commerce players and loan aggregators. It operate a fully tech-enabled, highly scalable, cloud-hosted lending platform, with end-to-end ownership and control of product and technology. This includes the Loan Origination System (LOS), Loan Management System (LMS) and ACS. AUM comprises on-book loans, i.e., loans on the balance sheet of wholly-owned Subsidiary, Si Creva (an RBI regulated middle-layer NBFC), and off-book loans, i.e., loans on the balance sheet of lending partners.
Large customer base has been acquired through a diversified multi-channel acquisition strategy. The Company has access to diversified and scalable funding sources. Since commencing operations in 2016, it has built a data-first architecture that integrates ML across the risk, credit and collection workflows. The Company launched loans against property as its product in FY 2024. The growth of AUM has consistently rose to Rs 40,866.38 million as of March 31, 2025.
Company is planning the initial public offer by raising Rs 1000 Cr equity shares of face value Re 1 each through fresh issue and by issuing 8,879,575 equity shares through offer for sale.
Onemi Technology Solutions Ltd IPO will close on 05 May 2026.
- 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
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Ranvir Singh | 24291232 | 18.78 | 24291232 | 14.05 |
| 2 | Krishnan Vishwanathan | 17493894 | 13.52 | 17493894 | 10.12 |
| 3 | Ammar Sdn Bhd | 15688260 | 12.13 | 14531943 | 8.4 |
| 4 | Vertex Ventures SEA Fund III | 10500809 | 8.12 | 9708501 | 5.61 |
| 5 | Vertex Growth Fund Pte. Ltd. | 9412960 | 7.28 | 8956129 | 5.18 |
| 6 | Vertex Growth Fund II Pte. Lt | 9412960 | 7.28 | 8956129 | 5.18 |
| 7 | Ventureast Proactive Fund II | 7998270 | 6.18 | 7408751 | 4.28 |
| 8 | Endiya Seed Co creation Fund | 7263560 | 5.61 | 6728193 | 3.89 |
| 9 | Sistema Asia Fund Pte. Ltd | 6806240 | 5.26 | 6806240 | 3.94 |
| 10 | VenturEast Proactive Fund LLC | 3588890 | 2.77 | 3324368 | 1.92 |
| 11 | Abhijit Bhandari | 1572901 | 1.22 | 1572901 | 0.91 |
| 12 | AION Advisory Services LLP | 860227 | 0.66 | 721469 | 0.42 |
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- The company operates within a dynamic and competitive online fintech lending industry, which makes it difficult to predict its future prospects.
- The company accepts a wide variety of repayment methods that subjects the company to third-party payment processing-related risks.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders' approval.
- The company may be unsuccessful in adapting to rapidly changing technologies and introducing new products or services to keep pace with such technological changes.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- The company has, in the last 12 months, issued Equity Shares at a price that could be lower than the Offer Price.
- The Company will not receive any proceeds from the Offer for Sale portion.
The Issue type of Onemi Technology Solutions Ltd is Book Building.
The minimum application for shares of Onemi Technology Solutions Ltd is 87.
The total shares issue of Onemi Technology Solutions Ltd is 54147391.
Initial public offering of up to 54,147,391 equity shares of face value of Re. 1 each ("Equity Shares") of OnEMI Technology Solutions Limited ("the Company" or "the Company") for cash at a price of Rs. 171 per equity share (Including a Share Premium of Rs. 170 per Equity Share) ("Offer Price") aggregating up to Rs. 925.92 Crores comprising a fresh issue of up to 49,707,603 equity shares of face value of Re. 1 each aggregating up to Rs. 850.00 Crores by the company ("Fresh Issue") and an offer for sale of up to 4,439,788 equity shares of face value of Re. 1 each aggregating up to Rs. 75.92 Crores by the selling shareholders (As Defined Hereinafter), consisting of up to 1,156,317 equity shares of face value of Re. 1 each aggregating up to Rs. 19.77 Crores by Ammar SDN BHD, up to 792,308 equity shares of face value of Re. 1 each aggregating up to Rs.13.55 Crores by Vertex Ventures Sea Fund III Pte. Ltd., up to 456,831 equity shares of face value of Re. 1 each aggregating up to Rs. 7.81 Crores by Vertex Growth Fund Pte. Ltd., up to 456,831 equity shares of face value of Re. 1 each aggregating up to Rs. 7.81 Crores by Vertex Growth Fund ii Pte. Ltd., up to 589,519 equity shares of face value of Re. 1 each aggregating up to Rs. 10.08 Crores by Ventureast Proactive Fund II, up to 535,367 equity shares of face value of Re. 1 each aggregating up to Rs. 9.15 Crores by Endiya Seed Co-Creation Fund, up to 264,522 equity shares of face value of Re. 1 each aggregating up to Rs. 4.52 Crores by Ventureast Proactive Fund LLC, up to 138,758 equity shares of face value of Re. 1 each aggregating up to Rs. 2.37 Crores by Aion Advisory Services LLP, up to 48,108 equity shares of face value of Re. 1 each aggregating up to Rs. 0.82 Crores by Ventureast Proactive Fund and up to 1,227equity shares of face value of Re.1/- each aggregating up to Rs. 0.02 Crores by ventureast Sedco Proactive Fund LLC (Collectively Referred to as the "Selling Shareholders", and such equity shares so offered by the selling shareholders, the "Offered Shares", and such offer for sale by the selling shareholders, the "Offer for Sale", and together with the fresh issue, the "Offer").
The company, in consultationwith the brlms,may consider a pre-ipo placement of specified securities aggregating up to
Rs. 200.00 crores, as may be permitted under applicable
law, at its discretion, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in
consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to
compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh Issue. The company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken).
The offer includes a reservation of up to [*] equity shares of face value of Re.1/- each, aggregating up to Rs.[*] crores (Constituting up to [*]% of the Post-Offer Paid-up Equity Share Capital), for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute [*]% and [*]% of the post-offer paid-up equity share capital of the company, respectively.
Price Band: Rs. 162 to Rs. 171 per equity share of face value of Rs. 1 each.
The floor price is 162 times the face value of the equity shares and the cap price is 171 times the face value of the equity shares.
Bids can be made for a minimum of 87 equity shares of face value of Rs. 1 each and in multiples of 87 equity shares of face value of Rs. 1 each thereafter.