Kissht parent OnEMI approves ₹832 crore preferential fundraise

OnEMI Technology Solutions, parent of digital lender Kissht, has approved a preferential issue of up to ₹832.2 crore to fund capital strengthening, lending expansion, technology and product development. The move follows its ₹926 crore IPO four months ago.

— Source publishedThu, 17 Sept, 2026, 23:19 IST·First seen Thu, 17 Sept, 2026, 23:19 IST·Source Entrackr

What happened

Kissht parent OnEMI approved an up to Rs 832.2 crore preferential fundraise to strengthen capital, expand lending, technology and products. The digital lender

Key facts

  • Rs 832.2 crore preferential issue
  • Up to 2.64 crore equity shares
  • Rs 314.11 issue price per share
  • 34 non-promoter investors
  • Rs 926 crore IPO four months earlier
  • Rs 850 crore IPO fresh issue
  • Rs 76 crore IPO offer for sale
  • Q1 FY27 operating revenue Rs 670 crore, up 45% YoY
  • Q1 FY27 profit Rs 95 crore, up 58%
  • AUM Rs 8,001 crore, up 61%
  • NSE listing price Rs 190 versus Rs 171 issue price
  • Share price around Rs 360
  • Market capitalisation Rs 6,381 crore

Why this matters

A larger equity base gives Kissht greater strategic flexibility to pursue distribution partnerships, technology capabilities and selective inorganic opportunities in digital lending.

What to watch

  • Preferential allotment price versus market price and resulting promoter/non-promoter ownership changes.
  • Quarterly AUM growth, disbursal mix, repeat-borrower share and customer-acquisition costs.
  • Gross and net NPAs, collection efficiency, write-offs, restructuring and credit-cost trends.
  • Borrowing cost, debt-to-equity ratio, liquidity coverage and access to bank/NBFC funding.
  • RBI actions affecting digital lending, first-loss arrangements, customer data use, KFS disclosure or unsecured-credit risk weights.
  • Whether capital deployment produces improved ROA/ROE rather than only a larger loan book.
  • Disclose investor identities, issue price, dilution percentage and proposed use-of-proceeds split.
  • Expand secured or higher-quality lending segments and deepen merchant, fintech and retail-platform distribution partnerships.
  • Invest in underwriting models, collections infrastructure, fraud controls and technology-led customer acquisition.
  • Use added capital to negotiate lower-cost debt lines or diversify lender and securitisation funding sources.
  • Provide quarterly targets for disbursals, assets under management, net interest margin, credit costs and profitability.

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