Summary：Exciting OnEMI Technology Solutions to Launch Rs 926 Crore IPO April 30 **Introduction** OnEMI Tec

Exciting OnEMI Technology Solutions to Launch Rs 926 Crore IPO April 30

**Introduction**
OnEMI Technology Solutions, a fast‑growing provider of cloud‑based enterprise software, has announced plans to raise Rs 926 crore through an initial public offering scheduled for April 30. The move marks one of the largest tech‑sector listings in India this year and signals the company’s confidence in its growth trajectory amid rising demand for digital transformation services.

**Key Developments**
The IPO prospectus reveals that OnEMI will issue 12.5 million fresh shares at a price band of Rs 740‑760 per share, aiming to fund expansion into artificial intelligence analytics and to strengthen its data‑center infrastructure across Tier‑2 and Tier‑3 cities. Existing shareholders, including early‑stage venture funds and the founding team, will offer an additional 3.2 million shares in an offer for sale. The company reported a 38% year‑on‑year increase in revenue for FY24, reaching Rs 1,840 crore, while EBITDA margins improved to 18% from 14% the previous year. OnEMI’s client roster now includes over 620 enterprises spanning banking, healthcare, and manufacturing, with a renewal rate above 92%.

**Industry Analysis**
India’s enterprise software market is projected to exceed $15 billion by 2027, driven by accelerated cloud adoption and government incentives for digital infrastructure. Analysts note that niche players offering integrated AI‑enabled workflow tools, like OnEMI, are gaining traction as larger incumbents struggle with legacy system upgrades. The IPO pricing aligns with recent tech listings such as Zoho’s subsidiary and Freshworks, which