Kissht Parent OnEMI Closes Rs 832 Crore Share Issue to 34 Investors

OnEMI Technology Solutions, the parent of digital lending platform Kissht, has completed a Rs 832.20 crore preferential issue by allotting equity shares to 34 investors, 24 of them new to the company's register.

The Mumbai-based firm allotted 2,64,93,882 equity shares at Rs 314.11 per share, according to regulatory filings. The board approved the allotment on October 23. BSE and NSE granted trading approval for the newly issued shares on November 8.

The deal reshapes OnEMI's capital base. Paid-up share capital rose from Rs 17.81 crore to Rs 20.46 crore. The new shares represent roughly 13% of the expanded equity capital.

Who bought in?

Ten existing shareholders doubled down. Schemes from Alchemy, First Bridge, Groww and HDFC increased their stakes in the company.

The incoming cohort is unusually broad for a preferential issue:

• Axis Mutual Fund schemes
• Ashoka WhiteOak funds
• 360 ONE
• Bandhan Small Cap Fund
• Citigroup Global Markets Hong Kong
• Unity Small Finance Bank
• The Massachusetts Institute of Technology

The mix spans mutual funds, a small finance bank, a global dealer and an endowment-linked investor. That spread signals institutional demand for Kissht paper after its market debut.

What does the money do?

Kissht founder and CEO Ranvir Singh said the fresh capital will strengthen the company's balance sheet and support its focus on disciplined growth, careful underwriting, and fair treatment of customers.

The raise arrives days after Kissht crossed Rs 10,000 crore in assets under management. That milestone capped a quarter of sharp operational growth.

In the quarter ended September 2026 (Q2 FY27), Kissht disbursed Rs 4,612 crore in loans. It reported a net profit of Rs 125.12 crore, up from Rs 62.4 crore in the same quarter a year earlier — a doubling that outpaced its revenue growth of 45%. AUM expanded 68.4% year on year.

A young listing moves fast

Founded in 2016, Kissht offers personal loans and loans against property through its NBFC subsidiary, Si Creva Capital Services. The company listed on the stock market on May 8, 2026.

The timeline is tight even by Indian fintech standards. Kissht went public in May, crossed Rs 10,000 crore in AUM by late in the year, and has now sold a 13% equity expansion to a diversified institutional syndicate within six months of its debut.

The capital gives Kissht room to keep writing loans while its profits compound. The test ahead is whether underwriting discipline holds as the book grows at nearly 70% a year.