OnEMI Technology Solutions Limited, the parent company of Kissht, is set to launch its Initial Public Offering (IPO) on April 30, 2026. This follows the submission of its Red Herring Prospectus (RHP) to the Securities and Exchange Board of India (SEBI) on April 25, 2026.

As per the RHP, OnEMI Technology Solutions IPO will be a 100% book-building issue of ₹925.92 crores, comprising both a fresh issue of ₹850 crores and an offer for sale (OFS) of ₹75.92 crores.

The public issue will remain open for subscription from Thursday, April 30, 2026, to Tuesday, May 5, 2026, while the anchor investor bidding is scheduled to begin on April 29, 2026.

OnEMI Technology Solutions IPO - Issue Details

Issue Type: Book Building IPO
Total Issue size: Up to 5,41,47,390 equity shares
Fresh Issue: Up to 4,97,07,602 equity shares
Offer for sale (OFS): Up to 44,39,788 equity shares
Face Value: ₹ 1 per equity share
Price Band: ₹162 to ₹171 per share
Lot Size: ₹14,877 (87 shares)
Listing: NSE, BSE
Book Building Lead Managers: JM Financial Limited, HSBC Securities and Capital Markets (India) Private Limited, Nuvama Wealth Management Limited, SBI Capital Markets Limited, Centrum Broking Limited (as successor to the merchant banking business of Centrum Capital Limited)
Registrar: KFin Technologies Limited

The allotment process for OnEMI Technology Solutions IPO is expected to be finalised on Wednesday, May 6, 2026, and the shares will be listed on both BSE and NSE, with the tentative listing date as May 8, 2026.

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Utilisation of Proceeds

The Company will utilise the Net Proceeds from the Fresh Issue towards the following purposes:

Augmenting the capital base of the subsidiary, Si Creva, to meet future business requirements towards onward lending.
General corporate purposes.

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About OnEMI Technology Solutions Limited

Kissht is a digital lending platform based in India. It provides fast, personalized loans via a mobile app to meet consumption and business requirements. The platform primarily targets young individuals in the mass market segment, representing India's emerging middle class, a demographic that is aspirational, digitally connected, and currently underserved by credit.

As of December 31, 2025, Kissht had a strong user base, reporting 63.73 million registered users and 11.17 million customers served, alongside a net promoter score of 95. The platform maintains a highly granular loan book with over 2.87 million active customers and ₹5,956 crore in Assets Under Management (AUM) as of the same date.

Customer demographics for the nine months ended December 31, 2025, show the average customer age was 32 years, with a median CIBIL score of 746. Furthermore, 67.65% of customers earned a monthly income between ₹25,000 and ₹75,000, and 63.38% resided in India’s top 50 cities.

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