Kissht parent OnEMI Tech sets IPO price band at ₹162-171: Ch...
27 Apr 2026
Temasek Holdings-backed OnEMI Technology Solutions, the Indian fintech company operating the digital lending platform Kissht, is set to launch its Rs 926-crore maiden public issue for subscription this week on April 30.
The price band for the offer, which closes on May 5, has been fixed at Rs 162-171 per share, valuing the company at Rs 2,881 crore.
The one-day IPO anchor book will be opened on April 29, while the IPO share allotment will be finalised by May 6. Its shares will be available for trading on the bourses effective May 8.
The Kissht parent firm is raising up to Rs 850 crore by issuing fresh shares, while investors including Temasek's Vertex Holdings, Ventureast Proactive Fund, and Ammar Sdn Bhd will be selling Rs 44.39 lakh shares worth Rs 75.92 crore via offer-for-sale.
Of the fresh issue proceeds, Rs 637.5 crore will be utilised for augmenting the capital base of its subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of business. And the remainder funds will be kept for general corporate purposes.
OnEMI's subsidiary Si Creva, a middle-layer NBFC, offers unsecured personal loans to salaried and self-employed individuals.
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Founded in 2016, Mumbai-based OnEMI Technology Solutions filed IPO papers with SEBI in August 2025. The draft papers were cleared by the capital markets regulator in January 2026.
Promoters - Ranvir Singh, and Krishnan Vishwanathan - hold 32.3 percent stake in company, and remaining 67.7 percent shares are owned by public shareholdings.
Vertex Holdings (the subsidiary of the Government of Singapore's global investment company Temasek Holdings) is the largest shareholder in the company, holding 22.68 percent stake through three subsidiaries, while Ammar Sdn Bhd held 12.13 percent shares at the time of filing RHP on April 25.
On the financial front, OnEMI Technology Solutions has recorded profit of Rs 199.2 crore and revenue of Rs 1,559.9 crore for nine months period ended December 2025.
JM Financial, HSBC Securities and Capital Markets (India), Nuvama Wealth Management, SBI Capital Markets, and Centrum Broking are appointed as the merchant bankers for managing the OnEMI Technology Solutions IPO.
