OnEMI Technology Solutions Ltd announces a price band for its Rs 926-crore IPO of Kissht, opening April 30. With a valuation of nearly Rs 2,900 crore, the proceeds will bolster its subsidiary, Si Creva. The IPO promises digital lending opportunities, closing May 5, with shares listed on BSE and NSE.

Kissht's Grand IPO: Opportunities for Investors

OnEMI Technology Solutions Ltd has announced the price band for its initial public offering (IPO) of Kissht, a digital lending platform, set at Rs 162-171 per share. Opening on April 30, the IPO is poised to raise Rs 926 crore, valuing the company at nearly Rs 2,900 crore at the upper band.

This three-day offering will conclude on May 5, with an anchor investor bidding date of April 29. The IPO includes a fresh issue of Rs 850 crore in equity shares and an offer-for-sale of 44,39,788 shares, amounting to Rs 76 crore at the upper price point, by current shareholders.

The funds are intended to enhance the capital base of Si Creva Technologies, meet future funding needs, and serve general corporate purposes. With substantial business metrics and plans to list on BSE and NSE, Kissht offers promising digital lending growth opportunities.

(With inputs from agencies.)