OnEMI Technology Solutions, the company behind the popular digital lending platform Kissht, is set to launch its Initial Public Offering (IPO) on April 30, 2026. Backed by Temasek Holdings, the Mumbai-based firm aims to raise Rs 925.92 crore through its maiden public offering.
Key Dates and Price Band
The Kissht IPO will open for subscription on April 30 and conclude on May 5, 2026. Anchor investors will have the opportunity to place their bids a day earlier, on April 29. The company has set the price band for the issue at Rs 162 to Rs 171 per equity share, each with a face value of Re 1.
Investors can bid for a minimum of 87 shares, with subsequent bids in multiples thereof. At the upper end of the price band, the minimum investment required stands at Rs 14,877.
Issue Details and Use of Proceeds
The total IPO size of Rs 925.92 crore comprises two components: a fresh issue of shares worth Rs 850 crore and an offer-for-sale (OFS) of 44.39 lakh shares amounting to Rs 75.9 crore by existing investors. Selling shareholders in the OFS include Temasek's Vertex, Ventureast Proactive Fund, and Ammar Sdn Bhd.
A significant portion of the fresh issue proceeds, specifically Rs 637.5 crore, is earmarked to augment the capital base of OnEMI's subsidiary, Si Creva Capital Services. This capital injection is intended to support the future business growth of the non-banking financial company (NBFC) arm. The remaining funds will be allocated for general corporate purposes.
About OnEMI Technology Solutions (Kissht)
Incorporated in 2016, OnEMI Technology Solutions operates as a technology-enabled lender, primarily offering digital loans across India. The company facilitates these loans through its mobile applications, including Kissht and Ring, catering to various consumption and business needs. Its NBFC arm, Si Creva Capital Services, handles the crucial functions of loan disbursement, Know Your Customer (KYC) compliance, and collections.
At the upper end of the price band, the IPO values OnEMI Technology Solutions at Rs 2,881.06 crore.
Advisors and Listing
The book-running lead managers for the Kissht IPO include JM Financial, HSBC Securities, Nuvama Wealth Management, SBI Capital Markets, and Centrum Broking. Kfin Technologies has been appointed as the registrar for the issue. Allotment of shares is anticipated to be finalized on May 6, with the shares expected to be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on May 8, 2026.