Company Overview OnEMI Technology Solutions Ltd operates the digital lending platform Kissht. Its promoters have infused nearly ₹40 crore into the company ahead of its upcoming IPO.
Founder Investment Details
- Founders Ranvir Singh and Krishnan Vishwanathan have collectively invested at ₹201 per share
- This is significantly higher than the IPO price band of ₹162–171, reflecting strong confidence in the business
- Promoters collectively hold a 32.30% stake in the company as per the Red Herring Prospectus (RHP)
IPO Details
- IPO Opens: April 30, 2025
- IPO Closes: May 5, 2025
- Price Band: ₹162 – ₹171 per share
- Total Issue Size: ₹926 crore
- Fresh Issue: ₹850 crore
- Offer for Sale (OFS): 44,39,788 equity shares worth ₹76 crore
- Expected Listing Date: May 8, 2025 on BSE & NSE
Use of Proceeds Funds raised through the fresh issue will be used to:
- Augment the capital base of its subsidiary Si Creva
- Meet future funding requirements
- General corporate purposes
Financial Performance
| Metric | FY23 | FY24 | 9M FY26 |
|---|---|---|---|
| AUM | ₹1,267 Cr | — | ₹5,955 Cr |
| Revenue from Operations | ₹984 Cr | — | ₹1,675 Cr |
| Profit After Tax (PAT) | ₹27.7 Cr | ₹197 Cr | — |
The company has shown sharp scale-up in operations with AUM growing nearly 4.7x in under three years.
Market Sentiment Market participants view the founders' investment at a premium to the IPO price band as a strong signal of confidence in Kissht's intrinsic value and long-term growth potential. Primary market investors are closely tracking promoter dilution and valuation metrics ahead of the listing.
⚠️ SEBI Disclaimer This content is for informational purposes only and does not constitute investment advice, a solicitation, or an offer to buy or sell any securities. Investments in IPOs and securities are subject to market risks. Please read all offer-related documents, including the Red Herring Prospectus (RHP), carefully before investing. Past financial performance is not indicative of future results. Investors are advised to consult a SEBI-registered financial advisor before making any investment decisions. The author/publisher is not responsible for any financial losses arising from decisions made based on this information.
