Onemi Technology Solutions' IPO Sees 9.50 Times Subscription
Onemi Technology Solutions (Kissht) IPO subscribed 9.50 times
Business Standard
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Onemi Technology Solutions (Kissht) has seen its initial public offering (IPO) subscribed 9.50 times, with bids for 37.76 crore shares against 3.97 crore shares on offer. The IPO, which opened on April 30, 2026, aims to raise ₹850 crore and will close on May 5, 2026.
- 01Onemi Technology Solutions' IPO was subscribed 9.50 times.
- 02The offer received bids for 37.76 crore shares against 3.97 crore shares available.
- 03The price band for the IPO is set between ₹162 and ₹171 per share.
- 04The company aims to raise ₹850 crore through this IPO.
- 05Onemi Technology Solutions reported a consolidated net profit of ₹199.27 crore for the nine months ending December 2025.
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Onemi Technology Solutions (Kissht) has successfully attracted significant investor interest in its initial public offering (IPO), which was subscribed 9.50 times as of May 5, 2026. The IPO received bids for 37.76 crore shares, significantly exceeding the 3.97 crore shares on offer. The price band for the IPO is set between ₹162 and ₹171 per share, with a minimum bid requirement of 87 equity shares. The company aims to raise a total of ₹850 crore, which includes a fresh issue of shares and an Offer for Sale (OFS) component. Notably, the promoters will not participate in the OFS, which is expected to reduce their shareholding from 35.2% to 24.8% post-IPO. The funds raised will primarily support the capital requirements of its subsidiary, Si Creva, which is involved in digital lending. Onemi Technology Solutions, founded in 2016, focuses on providing personal loans and loans against property through a mobile-first platform, serving over 2.87 million active customers with an asset under management (AUM) of ₹5,955.75 crore as of December 2025.
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The successful IPO could enhance Onemi Technology Solutions' market presence and enable it to expand its lending operations, benefiting its customer base.
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