Kissht parent OnEMI plans ₹832 crore preferential equity raise
OnEMI Technology Solutions, parent of digital lending platform Kissht, has approved a preferential issue of up to 2.64 crore shares at ₹314.11 each. The proposed ₹832.19 crore raise, subject to shareholder approval, includes allocations for investors such as Axis Smallcap Fund and HDFC Banking & Financial Services Fund.
What happened
OnEMI Technology Solutions (Kissht) · Digital lending platform Kissht’s parent, OnEMI Technology Solutions, plans to raise up to Rs 832.19 crore through a
Key facts
- Up to Rs 832.19 crore
- Up to 2.64 crore equity shares
- Issue price: Rs 314.11 per share
- Face value: Rs 1 per share
- IPO price: Rs 171 per share
What changed
Digital lending platform Kissht’s parent, OnEMI Technology Solutions, plans to raise up to Rs 832.19 crore through a preferential equity issue at Rs 314.11 per share, four months after its IPO, with Axis and HDFC funds among proposed allottees.
Why this matters
Kissht’s planned ₹832 crore equity raise could expand lending capacity and merchant-financing support for retail partners, subject to shareholder approval.
What to watch
- Shareholder approval, final investor allotment and timing of fund receipt.
- Issue price relative to market price and resulting dilution percentage.
- Detailed use-of-proceeds disclosure versus stated IPO-proceeds deployment.
- Quarterly disbursal growth, AUM growth and mix of on-book versus partner-funded loans.
- Gross and net NPA trends, collection efficiency, write-offs and credit-cost guidance.