OnEMI sets ₹162-171 IPO price band; issue to open for subscription April 30

Digital lending platform OnEMI sets ₹162-171 price band for ₹926-crore IPO, comprising fresh issue and OFS, with subscription opening April 30 and closing May 5

Digital lending platform OnEMI Technology Solutions has fixed a price band of ₹162–171 per share for its initial public offering (IPO), which will open for subscription on April 30 and close on May 5. The IPO comprises 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, which operates a technology-driven digital lending platform, focuses on young, mass-market consumers. As of December 2025, it had 11.17 million customers with assets under management of ₹59,557.5 million.

 

For the nine months ended December 2025, the company reported revenue of ₹1,560 crore and a net profit of ₹199 crore.

 

The firm uses AI- and ML-based underwriting models and works with a network of 47 lenders, including banks and NBFCs, to originate and service loans. 

Acko eyes up to $2.5 bn valuation in IPO  Reuters 

India’s ⁠Acko Insurance is targeting a valuation of ​between $2 billion and $2.5 billion in its planned initial public offering and is eyeing a listing ⁠in early 2027, two people familiar with the matter said. Acko ​has appointed Morgan Stanley, ​ICICI Securities, and Kotak Mahindra Capital as the bankers to manage the ​proposed listing, sources said.

Nippon Life AMC reports 29% jump in Q4 profit  BS Reporter 

Nippon Life India Asset Management on Monday reported ₹385 crore net profit for the fourth quarter of 2025-26 (Q4FY26). The profit rose 29 per cent compared to Q4FY25. The rise in profit was supported by a 30 per cent jump in revenue from operations. The net profit for FY26 stood at ₹1,529 crore, up 19 per cent from ₹1,286 crore in FY25. The asset manager said its mutual fund assets grew by 30 per cent year-on-year in Q4 to ₹7.25 trillion.