OnEMI Technology Solutions IPO closes on May 5 with a Rs. 926 crore issue size and a price band of Rs. 162–Rs. 171.
Recode Studios IPO opens with a Rs. 45 crore issue, requiring a minimum investment of Rs. 2.52 lakh.
Hero Fincorp plans a Rs. 3,668 crore IPO. It is a key upcoming large-cap listing to watch.
India’s IPO market is seeing fresh momentum this week. Investors will find listings across fintech, beauty, and NBFC sectors drawing investor attention. While OnEMI Technology Solutions closes its Rs. 926 crore issue today, Recode Studios opens a smaller Rs. 45 crore IPO. The much-awaited Hero Fincorp issue also remains in focus. All these IPOs have different issue sizes, valuations, and growth profiles. Let’s break them down!
The IPO of OnEMI Technology Solutions opened on April 30 and closes on May 5, 2026. The company aims to raise about Rs. 926 crore, including a fresh issue of Rs. 850 crore and an offer for sale of 44.39 lakh shares. The price band is Rs. 162 to Rs. 171 per share. The listing is expected on May 8 on both BSE and NSE. Allotment is expected to be on May 6.
Retail investors have a 35% quota, while Qualified Institutional Buyers (QIBs) get 50% and High Net-Worth Individuals (HNIs) 15%. The minimum application size is 87 shares, costing around Rs. 14,877. Retail investors can apply up to 13 lots worth Rs. 1.93 lakh.
OnEMI Technology has reported Rs. 1,352.69 crore in revenue in FY25, down from Rs. 1,700.30 crore in FY24. Profit also declined to Rs. 160.62 crore from Rs. 197.29 crore. Despite the dip, the company’s asset base increased to over Rs. 2,701 crore, showing business expansion.
The IPO proceeds will be used to fund its NBFC (Non-Banking Financial Corporation) arm, Si Creva Capital Services, with about Rs. 637.5 crore allocated for growth. OnEMI Technology’s lending app ‘Kissht’ and payments app ‘Ring,’ offer digital credit solutions. This IPO is better suited to long-term investors.
The IPO of Recode Studios opened on May 5 and will close on May 7, 2026. It is a smaller issue of around Rs. 45 crore, including a fresh issue of Rs. 39.55 crore and an offer for sale of 3.19 lakh shares. The price band is set at Rs. 150 to Rs. 158 per share, and the stock will list on BSE SME platform on May 12.
Investors need to apply for at least 1,600 shares worth Rs. 2.52 lakh. The minimum investment is higher compared to that of mainboard IPOs.
Recode Studios’ revenue increased to Rs. 47.94 crore in FY25 from Rs. 36.93 crore in FY24. Profit jumped sharply to Rs. 3.30 crore from Rs. 0.27 crore, showing improving margins.
Recode operates in the beauty and personal care segment with over 350 products and a presence in 14 states through 24 stores. The IPO funds will be used for a warehouse in Ludhiana, marketing, and working capital needs. Recide Studios IPO may suit investors looking at high-risk, high-growth opportunities with strong growth but small scale.
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The exact dates and price band for Hero Fincorp IPO are yet to be announced. However, it is expected to be released soon. The company plans to raise around Rs. 3,668 crore, including a fresh issue of Rs. 2,100 crore and an offer for sale of about Rs. 1,568 crore.
Hero Fincorp is a key NBFC offering retail and MSME loans, including vehicle and personal loans. The company revenue rose to Rs. 8,359.73 crore in FY24 from Rs. 6,447.55 crore in FY23. Profit increased to Rs. 637.05 crore from Rs. 479.95 crore during the same period.
Its financials show stability compared to smaller IPOs, making it an important listing to watch for big investors. The funds raised will be used to strengthen its capital base for future lending.
This week’s IPO activity offers a mix of options. OnEMI Technology gives you exposure to the growing digital lending sector, but it comes with declining recent profits. Recode Studios provides good growth in a niche consumer segment, but at a smaller scale and with a higher entry ticket. Hero Fincorp, once launched, is expected to attract attention due to its size and stable financial performance.
Investors should focus on financial trends, issue size, and risk level before applying. While some IPOs may offer short-term listing gains, long-term returns will depend on business growth and profitability.
Also Read: OpenAI Faces Rising Costs as CFO Flags Monetization Concerns Ahead of IPO Plans
1. What is the latest IPO news?
The IPO market in India is active with multiple listings across sectors. OnEMI Technology Solutions is closing its IPO, while Recode Studios has just opened for subscription. At the same time, Hero Fincorp is preparing for a large IPO. These offerings give investors a mix of fintech, SME, and NBFC opportunities with different risk levels.
2. Should investors apply for the OnEMI Technology IPO?
The OnEMI Technology Solutions IPO may suit investors with a long-term view. While the company operates in a fast-growing digital lending space, its recent financials show a decline in revenue and profit. However, rising assets and business expansion are positive signs. Investors should consider both growth potential and recent performance before making a decision.
3. What makes Recode Studios IPO different?
The Recode Studios IPO stands out because it is a small SME issue with strong growth numbers. The company has shown a sharp rise in profit and revenue in FY25. However, the minimum investment is high at Rs. 2.52 lakh, and the business is still small in size. This makes it suitable for investors willing to take higher risks for growth.
4. When will Hero Fincorp IPO launch?
The exact launch date for Hero Fincorp IPO is not confirmed yet, but it is expected in 2026. The company plans to raise around Rs. 3,668 crore. Investors are closely watching this IPO because of its strong financial performance and large size, which may attract institutional and long-term investors.
5. What should investors check before applying for an IPO?
Before applying for any IPO, investors should look at the company’s revenue, profit trends, and growth plans. It is also important to check the issue size, price band, and valuation. Comparing the company with its peers helps in understanding its position. Investors should also decide their risk level and investment horizon before applying.
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