OnEMI Technology Solutions (Kissht) IPO Opens 30 April: ₹926 Crore Issue, Price Band and Key Details
- 28th April 2026
- 11:00 AM
- 3 min read
Summary
OnEMI Technology Solutions, the parent company of digital lending app Kissht, opens its initial public offering on 30 April 2026. The ₹926 crore issue is priced at ₹162 to ₹171 per share, with a lot size of 87 shares. The offer closes on 5 May 2026, and shares are set to list on the exchanges on 8 May 2026.Mumbai | 28 April 2026
OnEMI Technology Solutions opens its IPO on 30 April 2026, raising ₹926 crore through a combination of a fresh issue and an offer for sale.
What Is the Kissht IPO Price Band and Issue Structure?
The price band for the Kissht IPO is fixed at ₹162 to ₹171 per share, with a minimum lot size of 87 shares. At the upper end of the price band, the company is valued at ₹2,881 crore.
The issue comprises two components:
- Fresh issue: ₹850 crore
- Offer for sale: 44.39 lakh shares worth ₹75.92 crore, from existing investors including Vertex Holdings, Ventureast Proactive Fund, and Ammar Sdn Bhd
The anchor book opens on 29 April 2026, one day before the main subscription window. Share allotment will be finalised by 6 May 2026, with trading set to begin on 8 May 2026.
How Will Kissht Use the IPO Proceeds?
Of the ₹850 crore fresh issue, ₹637.5 crore will go towards strengthening the capital base of Si Creva, OnEMI’s subsidiary and a middle-layer NBFC that provides unsecured personal loans to salaried and self-employed individuals. The remaining funds are earmarked for general corporate purposes.
What Does Kissht Do?
Kissht operates as a technology-enabled digital lender, offering loans through its mobile application for consumption and business needs. The company focuses on young individuals in the mass market segment, which the 1Lattice Report identifies as India’s emerging middle class, a group that is aspirational, digitally connected, and underpenetrated in credit.
As of 31 December 2025, Kissht had 63.73 million registered users and served 11.17 million customers. Its net promoter score stood at 95, and the app held a rating of 4.6 on the Play Store based on over 1.25 million user reviews as of 31 March 2026.
Who Manages and Owns the Company?
Mumbai-based OnEMI Technology Solutions was founded in 2016. It filed its IPO papers with SEBI in August 2025, and received regulatory clearance in January 2026.
Promoters Ranvir Singh and Krishnan Vishwanathan together hold 32.3% of 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 held across three subsidiaries. Ammar Sdn Bhd holds 12.13% as of the RHP filing on 25 April 2026.
JM Financial, HSBC Securities and Capital Markets (India), Nuvama Wealth Management, SBI Capital Markets, and Centrum Broking are the appointed merchant bankers for the issue.
Key IPO Details at a Glance
| Detail | Information |
| Issue size | ₹926 crore |
| Fresh issue | ₹850 crore |
| Offer for sale | ₹75.92 crore (44.39 lakh shares) |
| Price band | ₹162 to ₹171 per share |
| Lot size | 87 shares |
| Anchor book date | 29 April 2026 |
| Open date | 30 April 2026 |
| Close date | 5 May 2026 |
| Allotment date | 6 May 2026 |
| Listing date | 8 May 2026 |
| Market cap (upper band) | ₹2,881 crore |
Given the increasing activity in the IPO market, staying updated on new offerings is essential. Check the latest upcoming IPOs in 2026 to track GMP, allotment trends, and make informed investment decisions with PL Capital.
