OnEMI Technology Solutions Sets Price Band for ₹926 Crore IPO Launching April 30
Kissht-parent OnEMI Technology Solutions' Rs 926-cr IPO to open on Apr 30
News 18
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OnEMI Technology Solutions Ltd, the parent company of digital lending platform Kissht, has announced a price band of ₹162-171 per share for its ₹926 crore initial public offering (IPO) set to open on April 30. The IPO includes a fresh issue of ₹850 crore and an offer-for-sale of ₹76 crore from existing shareholders.
- 01OnEMI Technology Solutions' IPO is valued at nearly ₹2,900 crore at the upper price range.
- 02The IPO will open for subscription on April 30 and close on May 5.
- 03Kissht has 53.23 million registered users and 9.16 million customers served as of March 31, 2025.
- 04The minimum investment for retail investors is ₹14,877 at the upper price band.
- 05The shares are expected to be listed on the BSE and NSE on May 8.
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OnEMI Technology Solutions Ltd, which operates the digital lending platform Kissht, has set a price band of ₹162-171 per share for its ₹926 crore initial public offering (IPO) scheduled to open on April 30 and close on May 5. At the upper end of the price band, the company will be valued at nearly ₹2,900 crore. The IPO consists of a fresh issue of equity shares totaling ₹850 crore and an offer-for-sale (OFS) of 44,39,788 equity shares worth ₹76 crore from existing shareholders. Notable selling shareholders include Ammar Sdn Bhd Investor and Vertex Ventures SEA Fund III Pte. Ltd. Proceeds from the fresh issue will support the capital base of its subsidiary, Si Creva, and cover general corporate purposes. Founded in 2016, Kissht focuses on providing digital credit solutions to young consumers, boasting 53.23 million registered users and 9.16 million customers served as of March 31, 2025. The minimum investment required for retail investors is ₹14,877 at the upper price band, with shares expected to be listed on the BSE and NSE by May 8.
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The IPO will provide OnEMI Technology Solutions with necessary capital to expand its operations and support its subsidiary, potentially benefiting consumers seeking digital credit solutions.
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