Kissht Parent OnEMI Technology Solutions to Launch ₹926 Crore IPO On April 30, 2026

OnEMI Technology Solutions, the fintech company best known for operating the digital lending platform Kissht, is set to launch its maiden public issue this week. The ₹926 crore initial public offering will open for subscription on April 30, 2026, and close on May 5, 2026.

Backed by Temasek Holdings, the company aims to strengthen its capital base to support growth in its core digital lending business. At the upper end of the price band, the IPO values the Kissht parent at ₹2,881 crore.

Kissht Brand and Core Business Overview

Kissht is the flagship consumer-facing brand of OnEMI Technology Solutions and is central to the company’s operations. The platform focuses on digital lending solutions, providing credit access primarily through technology-led underwriting and disbursement processes.

Since its launch, Kissht has built scale by serving customers across multiple consumer finance segments. The brand plays a key role in revenue generation and user acquisition for the group.

IPO Structure and Key Timelines

The IPO has been priced in the range of ₹162 to ₹171 per equity share. It comprises a fresh issue of shares worth up to ₹850 crore and an offer-for-sale of 44.39 lakh shares valued at ₹75.92 crore.

The anchor book will open for one day on April 29, 2026. Share allotment is scheduled to be finalised by May 6, 2026, with listing on the stock exchanges expected on May 8, 2026.

Utilisation Of Funds and Subsidiary Support

Proceeds from the fresh issue are largely earmarked to support the Kissht ecosystem. Of the ₹850 crore fresh issue, ₹637.5 crore will be infused into the company’s subsidiary, Si Creva.

This funding is intended to augment capital to meet future requirements arising from business expansion. The remaining funds will be used for general corporate purposes, including operational needs.

Shareholding And Investor Participation

OnEMI Technology Solutions was founded in 2016 and is headquartered in Mumbai. Promoters Ranvir Singh and Krishnan Vishwanathan collectively hold a 32.3% stake in the company.

The remaining 67.7% is held by public shareholders. Vertex Holdings, a subsidiary of Temasek Holdings, is the largest shareholder with a 22.68% stake, while Ammar Sdn Bhd holds 12.13% as per filings dated April 25, 2026.

Financial Performance and Merchant Bankers

For the nine months ended December 2025, the Kissht parent reported revenue of ₹1,559.9 crore. During the same period, the company posted a profit of ₹199.2 crore, indicating improved profitability ahead of listing.

The IPO is being managed by JM Financial, HSBC Securities and Capital Markets India, Nuvama Wealth Management, SBI Capital Markets, and Centrum Broking. These institutions are overseeing the issuance and regulatory process.

Conclusion

The upcoming IPO places strong emphasis on Kissht as OnEMI Technology Solutions enters the public markets. The offering combines fresh capital for growth with a partial exit for existing investors.

 Clear fund utilisation plans highlight continued focus on scaling digital lending operations. The listing on May 8, 2026, will mark a key milestone for the Kissht brand and its parent company.

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