Kissht plans Rs 832 crore preferential issue to fund NBFC growth and rating upgrades
OnEMI Technology Solutions, parent of digital lender Kissht, plans to raise Rs 832 crore via a preferential issue, with about 75% of proceeds earmarked for its NBFC subsidiary. The company aims to strengthen net worth, reduce funding costs and secure multiple rating upgrades over the next two years.
What happened
Kissht parent OnEMI plans a Rs 832 crore preferential issue, directing roughly 75% to its NBFC arm to strengthen net worth, lower funding costs and seek rating
Key facts
- Rs 832 crore preferential issue
- About 26.5 million shares
- Rs 314.11 per share
- 34 investors
- 75% of proceeds for NBFC subsidiary
What changed
Kissht parent OnEMI plans a Rs 832 crore preferential issue, directing roughly 75% to its NBFC arm to strengthen net worth, lower funding costs and seek rating upgrades. The digital lender reported 45% Q1 FY27 revenue growth and AUM of Rs 8,001 crore.
Why this matters
Kissht’s Rs 832 crore preferential issue gives its NBFC more capital to support rapid AUM growth while lowering funding costs through stronger credit ratings.
What to watch
- Completion timing, investor mix and final pricing of the preferential issue.
- Exact amount transferred to the NBFC and resulting capital adequacy, debt-to-equity and liquidity ratios.
- Rating actions, outlook changes and disclosed reductions in borrowing costs over the next 6-24 months.
- Quarterly AUM growth, disbursements, operating revenue and net interest margins.
- GNPA, NNPA, credit-cost, collection-efficiency and early-delinquency trends in new lending cohorts.