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OnEMI Technology Solutions, the parent company of lending tech startup Kissht, has announced its Initial Public Offering (IPO) will open for subscription on April 30 and close on May 5. The company has set a price band of ₹162 to ₹171 per share for the public issue, aiming to raise ₹922 Cr.
The IPO comprises a fresh issue of shares worth up to ₹850 Cr, a reduction from the initial ₹1,000 Cr proposed in the Draft Red Herring Prospectus (DRHP). The Offer for Sale (OFS) component has also been adjusted, with existing investors planning to sell 44.4 Lakh shares.
At the upper end of the price band, the IPO is expected to value OnEMI Technology Solutions at approximately ₹2,774 Cr (about $294.3 Mn). Investors including Vertex Ventures, Endiya Partners, Ventureast, and AION Advisory Services are among those looking to divest a portion of their holdings through the OFS.
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht operates as a digital lending platform providing personal and business loans up to ₹5 Lakh with minimal documentation. The company also offers health insurance products and secured loans against property.
OnEMI Technology Solutions received regulatory approval from SEBI for its IPO in January, having initially filed its DRHP in August 2025. In the first three quarters of FY26, the company reported a Profit After Tax (PAT) of ₹199.3 Cr on operating revenue of ₹1,569.9 Cr.
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