Kissht’s parent company OnEMI gets SEBI nod for IPO
The IPO will comprise a fresh issue of up to Rs 1,000 crore, along with an offer for sale of 8.8 million shares by existing investors
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Published: Jan 12, 2026 12:03 PM | 1 min read
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OnEMI Technology Solutions, the parent company of digital lending platform Kissht, has received SEBI approval to launch its initial public offering (IPO), as per the regulatory filings. The company had submitted its Draft Red Herring Prospectus last year, joining a wave of fintech firms preparing to enter public markets.
The proposed IPO will consist of a fresh issue of up to ₹1,000 crore, along with an offer for sale of 8.8 million shares. Shareholders seeking partial exits include Ammar Sdn Bhd, Vertex Ventures, and other long-term backers. A pre-IPO placement could also be conducted, which may reduce the size of the fresh issue.
Funds raised from the fresh issue are expected to strengthen the capital of OnEMI’s NBFC arm, Si Creva Capital Services, support business growth, and meet general corporate needs.
In FY25, the company reported revenue of Rs 1,337 crore and a net profit of Rs 160 crore, down from Rs 1,674 crore the previous year.
The IPO will be overseen by JM Financial, HSBC Securities, Nuvama Wealth, SBI Capital, and Centrum Capital, with KFin Technologies appointed as the registrar.
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