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OnEMI Technology IPO targets ₹850 crore but NPAs and unsecured loans raise alarms for long term investors
Economy
Published on 30 April 2026
Strong AUM looks great, but NPAs tell a different story
OnEMI Technology Solutions’ lending arm Kissht is preparing an IPO to raise ₹850 crore, driven by rising AUM and customer growth. But the pitch has a catch: elevated NPAs and dependence on unsecured personal loans add credit risk. Analysts suggest long-term investors may prefer clarity on post-listing financial stability before betting.
- Kissht plans to raise ₹850 crore via an IPO
- AUM and customer growth are strong indicators of momentum
- Elevated NPAs signal rising credit stress
- Unsecured personal loans increase vulnerability in downturns
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times