Kissht Parent OnEMI Raises About Rs 832 Crore From 34 Investors
OnEMI Technology Solutions sold shares at Rs 314.11 each in a preferential issue joined by Axis Mutual Fund schemes, 360 ONE and MIT.
Key Takeaways
- OnEMI allotted 2,64,93,882 shares at Rs 314.11 each, worth about Rs 832 crore.
- The shares went to 34 investors.
- Investors include Axis Mutual Fund schemes, 360 ONE and MIT.
- Paid-up share capital rose from Rs 17.81 crore to Rs 20.46 crore.
- Kissht reported a Q2 FY27 net profit of Rs 125.12 crore, up from about Rs 62.4 crore.
Table of Contents 8 sections
Kissht parent OnEMI Technology Solutions has completed a preferential issue worth about Rs 832 crore, allotting 2,64,93,882 equity shares to 34 investors at Rs 314.11 per share. The Mumbai-based company is listed on BSE and NSE.
The investors include schemes from Alchemy, First Bridge, Groww and HDFC, as well as 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.
Kissht funding at a glance
| Detail | Kissht |
|---|---|
| Amount | About Rs 832 crore |
| Type | Preferential issue of equity shares by parent OnEMI Technology Solutions |
| Shares allotted | 2,64,93,882 at Rs 314.11 each |
| Investors | 34 |
| Investors include | Schemes from Alchemy, First Bridge, Groww and HDFC, Axis Mutual Fund schemes, Ashoka WhiteOak funds, 360 ONE, Bandhan Small Cap Fund, Citigroup Global Markets Hong Kong, Unity Small Finance Bank, Massachusetts Institute of Technology |
| Paid-up share capital | Rose from Rs 17.81 crore to Rs 20.46 crore |
| Sector | Digital lending |
| City | Mumbai |
What Kissht does
Kissht is a digital lending platform run by OnEMI Technology Solutions. It offers personal loans and loans against property through its NBFC subsidiary, Si Creva Capital Services.
In the quarter ended September 2026, which is Q2 FY27, Kissht disbursed about Rs 4,612 crore in loans and reported a net profit of Rs 125.12 crore, up from about Rs 62.4 crore in the same quarter a year earlier. Its assets under management grew 68.4% year on year in that quarter.
Kissht's journey so far
| When | Milestone |
|---|---|
| May 8, 2026 | OnEMI shares debut on the stock market after an IPO priced at Rs 171 per share |
| September 17, 2026 | Board approves the preferential issue |
| October 14, 2026 | Shareholders approve the issue at an extraordinary general meeting |
| October 23, 2026 | Board approves the allotment of 2,64,93,882 shares |
What OnEMI said it will do with the money
OnEMI said about 75% of the money will go to its NBFC subsidiary, Si Creva Capital Services, for lending and the rest to general corporate purposes.
How the new shares change OnEMI's shareholding
After the allotment, OnEMI's paid-up share capital rose from Rs 17.81 crore to Rs 20.46 crore. The newly issued shares make up about 13% of the enlarged equity capital.
Where Kissht stands after the share issue
With this issue, 34 investors hold OnEMI's newly allotted shares, and the allotment took its paid-up share capital to Rs 20.46 crore. In Q2 FY27, Kissht reported a net profit of Rs 125.12 crore.
More funding news
Frequently Asked Questions
How much did Kissht raise?
Who led Kissht's round?
How many shares did Kissht's parent allot?
How many investors took part in the Kissht issue?
Which investors took part in the Kissht issue?
Which other investors joined the Kissht issue?
What does Kissht do?
Who founded Kissht?
How will Kissht use the funding?
How did the issue change Kissht's share capital?
When did Kissht's parent approve the allotment?
How did Kissht perform in Q2 FY27?
More in Funding
Greenjoules Raises Rs 150 Crore Co-Led by Amazon Funds
Greenjoules raised Rs 150 crore in Series B and a Rs 100 crore loan. It makes fuel from farm waste.
Bajaj Finance Allots About Rs 5,800 Crore Warrants to Promoter
Bajaj Finance allotted about Rs 5,800 crore of warrants to its promoter and holding company Bajaj Finserv.
Resolven Mobilises About $900 Million in Financing This Year
EQT-backed Resolven says it has mobilised about $900 million in financing from 15 lenders this year.