Kissht Operator OnEMI Technology Files IPO Papers for ₹1,000 Crore Fresh Issue, 89 Lakh Share OFS

OnEMI Technology Solutions, which operates India’s digital lending platform Kissht, has filed its draft red herring prospectus (DRHP) with SEBI to raise capital through an initial public offering (IPO). The proposed issue involves a fresh share issue worth ₹1,000 crore and an offer for sale (OFS) of 8,879,575 equity shares by existing investors.

OnEMI Technology IPO: ₹1,000 Crore Fresh Issue and Stakeholder Exit

The IPO of OnEMI Technology Solutions includes a fresh issue of equity shares aimed at raising ₹1,000 crore. Alongside the fresh issue, several stakeholders, including Ammar Sdn Bhd, Vertex Growth Fund Pte Ltd, Vertex Ventures SEA Fund III Pte Ltd, and others, are offering 88,79,575 shares under the OFS route. This mixed structure allows the company to strengthen its balance sheet while offering investors a partial exit.

Capital Infusion into Si Creva and Business Growth Plans

The net proceeds from the fresh issue will be used to boost the capital base of Si Creva Capital Services, a subsidiary of OnEMI. This capital enhancement aims to meet future business requirements and support expansion plans. Some funds will also be allocated towards general corporate purposes, enhancing operational strength.

Strong Financials in FY25 Backing Public Debut

For FY25, OnEMI Technology reported revenue of ₹1,337.46 crore, a rise from ₹984.45 crore in FY23. The net profit stood at ₹160.62 crore compared to ₹27.66 crore in FY23, demonstrating significant profitability improvement. Total assets expanded to ₹2,701.1 crore in FY25, indicating strong asset growth.

Read More: Upcoming IPOs This Week: Gem Aromatics, Vikaram Solar IPO and 5 More Public Offering Set to Open!

Digital Lender Kissht Sees Expanding User Base

Kissht, the flagship fintech platform of OnEMI, offers digital credit solutions with a growing footprint across India. As of March 2025, the platform had 53.23 million registered users and served 9.16 million customers. With ₹4,086.63 crore in assets under management and over 19 lakh active customers, it continues to gain traction among digitally savvy borrowers.

Conclusion

OnEMI Technology’s IPO signals a robust step forward for Kissht to tap into public markets. With a ₹1,000 crore fresh issue and significant user growth, the fintech firm is poised to strengthen its capital base and expand further in India’s evolving digital lending landscape.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.