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Kissht parent OnEMI completes Rs 832 Cr preferential issue

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Kissht parent OnEMI completes Rs 832 Cr preferential issue

OnEMI Technology Solutions, the parent company of digital lending platform Kissht, has completed its preferential issue of Rs 832.20 crore by allotting equity shares to 34 investors, including 24 new investors and 10 existing shareholders.

The Mumbai-based company allotted 2,64,93,882 equity shares at Rs 314.11 per share. The allotment was approved by its board on October 23, while the newly issued shares received trading approval from BSE and NSE on November 8.

Following the allotment, OnEMI's paid-up share capital increased from Rs 17.81 crore to Rs 20.46 crore, with the newly issued shares accounting for around 13% of its expanded equity capital.

Of the 34 investors, 10 existing shareholders, including schemes from Alchemy, First Bridge, Groww, and HDFC, increased their stakes in the company.

The 24 new investors include Axis Mutual Fund schemes, Ashoka WhiteOak funds, 360 ONE, Bandhan Small Cap Fund, Citigroup Global Markets Hong Kong, Unity Small Finance Bank, and the Massachusetts Institute of Technology.

According to Kissht's founder and CEO Ranvir Singh, 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 development comes days after Kissht crossed Rs 10,000 crore in assets under management (AUM).

In the quarter ended September 2026 (Q2 FY27), Kissht disbursed Rs 4,612 crore in loans and reported a net profit of Rs 125.12 crore, up from Rs 62.4 crore in the same quarter last year. Its AUM also grew 68.4% year on year.

Founded in 2016, Kissht offers personal loans and loans against property through its NBFC subsidiary, Si Creva Capital Services.


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