IPO · Financial Services

Kissht parent gets SEBI nod for ₹1,000 crore IPO

By Startup Enthusiast · 12 January 2026

What they do

OnEMI Technology Solutions runs digital lending platform Kissht, offering unsecured personal loans up to ₹5 lakh

SEBI issued observations on 8 Jan 2026 for its IPO comprising a fresh issue of up to ₹1,000 crore and an OFS of 88.8 lakh shares

The company reported FY25 net profit of ₹160.62 crore, down 18.6% YoY, and operating revenue of ₹1,337.47 crore

OnEMI Technology Solutions, which owns the digital lending app Kissht, got SEBI clearance on 8 January 2026 for its IPO.
The company submitted its draft red herring prospectus (DRHP) in August 2025.
The IPO has a fresh issue of up to ₹1,000 crore and an offer for sale (OFS) of up to 88.8 lakh equity shares from current shareholders.
Selling shareholders in the OFS are Vertex Ventures, Ventureast Proactive Fund, Endiya Seed Co-creation Fund, AION Advisory, and Ammar Sdn Bhd.
A pre-IPO placement could lower the fresh issue size.
Up to ₹750 crore of the proceeds will boost the capital base of its NBFC arm, Si Creva Capital Services.
The rest of the money will go toward general corporate purposes.
The company became a public limited firm in July 2025 and changed its name to OnEMI Technology Solutions Ltd.

The IPO follows a drop in financial performance: net profit fell 18.6% YoY to ₹160.62 crore and operating revenue declined 20% to ₹1,337.47 crore in FY25.
Kissht competes with other digital lenders such as Kreditbee, Fibe, Navi Finserv, Moneyview, and Lendingkart.
The company has raised more than $142 million in total funding so far.

Kissht is a digital lending platform that gives unsecured personal loans of up to ₹5 lakh using technology-driven underwriting.
It also sells health insurance and provides secured loans against property.
The company uses a hybrid model with 62 physical branches across six states and Puducherry for secured lending.
It gives personal loans through its NBFC arm, Si Creva Capital Services.
As of 31 March 2025, Kissht had 53.23 million registered users, served 9.16 million customers, and had 1.9 million active customers.
Unsecured personal loans accounted for 98.15% of its assets under management (AUM) as of 31 March 2025.

The company plans to use IPO proceeds to strengthen its NBFC arm's capital base and for general corporate purposes.