Overview
OnEMI Technology Solutions Ltd, the parent company of digital lender Kissht, has completed a preferential issue of equity shares.
Issue Details
The company allotted 2,64,93,882 equity shares to 34 investors at a price of ₹314.11 per share, raising a total of ₹832.20 crore. The shares, each having a face value of ₹1, rank equally with existing equity and increase the paid‑up capital from ₹17.81 crore to ₹20.46 crore, representing approximately 13 % of the enlarged capital base.
The Board of Directors approved the allotment on 23 October 2026, following shareholder approval at an extraordinary general meeting on 14 October 2026. The Board had initially approved the issue on 17 September 2026, and trading approval from BSE and NSE was obtained on 8 November 2026.
Investor Composition
Of the 34 investors, ten were existing shareholders—including Alchemy, First Bridge, Groww and HDFC schemes—all of which increased their holdings. The remaining 24 investors are new and include Axis mutual fund schemes, Ashoka WhiteOak funds, 360 ONE, Bandhan Small Cap Fund, Citigroup Global Markets Hong Kong, Unity Small Finance Bank, and the Massachusetts Institute of Technology, among others.
Strategic Commentary
Ranvir Singh, Founder and Chief Executive Officer of Kissht, expressed gratitude to the investors and highlighted that the capital raise strengthens the balance sheet, enabling the lender to continue disciplined growth, careful underwriting, and fair customer treatment.
Recent Business Performance
The completion of the issue follows Kissht’s announcement that its assets under management (AUM) have crossed ₹10,000 crore. For the quarter ended 30 September 2026, Kissht disbursed loans amounting to ₹4,612 crore and reported a net profit of ₹125.12 crore, which is double the ₹62.4 crore recorded in the same quarter a year earlier, reflecting a 68.4 % year‑on‑year increase in AUM.