OnEMI gets exchange nod for ₹832 Cr share issue
By Abha Lohia ·
- OnEMI Technology Solutions is the parent of Kissht, a digital lending platform
- Both stock exchanges cleared a ₹832 Cr share issue to 34 outside investors at ₹314.11 a share
- Three quarters goes to its lending subsidiary, and the rest to general needs
What happened
- Exchanges approved raising up to ₹832.2 Cr.
- Shares are priced at ₹314.11 each.
- Up to 2.65 crore new shares will be issued.
- 34 investors outside the promoter group are named.
- Approvals came on 19 October.
Why it matters
- The money mostly funds lending at subsidiary Si Creva Capital Services.
- Listing of new shares needs a further approval after allotment.
- Big fund houses buying in signals institutional interest.
The business
- OnEMI is the parent of Kissht.
- Kissht is a technology-led digital lender.
- Si Creva Capital Services is its wholly owned lending arm.
- It is listed on the BSE and NSE.
Who put in money
- Axis Mutual Fund Proposed
- HDFC Mutual Fund Proposed
- Groww Mutual Fund Proposed
- Bandhan Mutual Fund Proposed
- MIT Proposed
- WhiteOak Proposed
- 360 ONE Proposed
In numbers
₹314.11Issue price · 2026
What happens next
- Allot shares, then seek listing approval.
Words to know
- Preferential issue
- New shares sold to a chosen set of investors rather than the public.
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