Onemi Technology Solutions (Kissht) IPO Sees 24% Subscription Rate
Onemi Technology Solutions (Kissht) IPO subscribed 24%
Business Standard
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Onemi Technology Solutions (Kissht) has seen its initial public offering (IPO) subscribed at 24%, with bids for 94 lakh 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.
- 01The IPO was subscribed 0.24 times with bids for 94 lakh shares.
- 02The price band for the IPO is set between ₹162 and ₹171 per share.
- 03The company plans to utilize ₹637.5 crore from the IPO proceeds to enhance its subsidiary's capital base.
- 04Onemi Technology Solutions has reported a consolidated net profit of ₹199.27 crore for the nine months ending December 2025.
- 05The company serves over 2.87 million active customers with an asset under management (AUM) of ₹5,955.75 crore.
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Onemi Technology Solutions, also known as Kissht, has launched its initial public offering (IPO) with a subscription rate of 24% as of April 30, 2026. The IPO received bids for 94 lakh shares against the 3.97 crore shares available. The price band for the IPO is set between ₹162 and ₹171 per share, and it will remain open for bidding until May 5, 2026. The company aims to raise a total of ₹850 crore, with ₹637.5 crore earmarked for bolstering the capital base of its subsidiary, Si Creva, which is crucial for meeting future growth demands. Onemi Technology Solutions, established in 2016, specializes in digital lending and has reported a consolidated net profit of ₹199.27 crore for the nine months ending December 2025, alongside an asset under management (AUM) of ₹5,955.75 crore. The company serves a young, digitally savvy customer base, boasting over 2.87 million active customers and a strong growth trajectory supported by advanced technology.
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The successful IPO could enhance Onemi Technology Solutions' ability to provide more loans, benefiting its customer base and potentially creating more job opportunities in the financial technology sector.
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