OnEMI Technology Sets IPO Price Band Between ₹162-171 Ahead of April Launch
Kissht parent OnEMI Tech sets IPO price band at ₹162-171: Check key details
Business Standard
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OnEMI Technology Solutions, which operates the digital lending platform Kissht, is launching its IPO on April 30, 2026, with a price band of ₹162 to ₹171 per share. The ₹926 crore public offering includes a fresh issue and an offer for sale, aiming to enhance its subsidiary's capital base.
- 01OnEMI Technology's IPO price band is set at ₹162-171 per share.
- 02The total public issue is valued at ₹926 crore.
- 03The IPO includes a fresh issue of 49.7 million shares and an offer for sale of 4.4 million shares.
- 04Retail investors need a minimum investment of ₹14,877 for one lot of 87 shares.
- 05The company reported a revenue of ₹1,559.9 crore for the nine months ending December 31, 2025.
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OnEMI Technology Solutions, the parent company of the digital lending platform Kissht, is preparing for its initial public offering (IPO) scheduled for April 30, 2026. The company has established a price band of ₹162 to ₹171 per share for the IPO, which aims to raise ₹926 crore. This public offering comprises a fresh issue of 49.7 million equity shares worth up to ₹850 crore and an offer for sale (OFS) of 4.4 million shares valued at approximately ₹75.92 crore. Notable stakeholders participating in the OFS include Ammar Sdn Bhd and Vertex Growth Fund. The IPO will remain open for bidding until May 5, 2026, with shares expected to debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on May 8, 2026. The funds raised will primarily be used to bolster the capital base of its subsidiary, Si Creva, with ₹637 crore allocated for this purpose. For the nine months ending December 31, 2025, OnEMI reported a revenue of ₹1,559.9 crore and a profit after tax of ₹199.26 crore.
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The IPO could provide OnEMI with essential capital to enhance its subsidiary's operations, potentially leading to improved services for consumers seeking digital lending solutions.
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