Kissht Parent OnEMI’s IPO To Open On April 30, Price Band Set At ₹162-171

Lending tech startup Kissht’s parent OnEMI Technology Solutions has filed its red herring prospectus (RHP) for a ₹922 Cr IPO, The offering will open for bidding on April 30 (Thursday) and close on May 5. Anchor bidding will take place on Wednesday (April 29).

The IPO will comprise a fresh issue of shares worth up to ₹850 Cr, marking a 15% decrease from the ₹1,000 Cr proposed in the DRHP. Meanwhile, the offer for sale has been halved to 44.4 Lakh shares.

The company has set a price band of ₹162-171 for the public issue. At the upper end of the price band, the IPO will value the company at about ₹2,774 Cr (about $294.3 Mn).

Vertex Ventures, Endiya Partners, Ventureast, and AION Advisory Services are among the investors who plan to offload their shares via the OFS component. 

Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht is a lending tech platform that offers personal and business loans of up to ₹5 Lakh with minimal documentation digitally. It also offers health-related insurance products and secured loans through loans against property.

The startup filed its DRHP in August 2025 and received SEBI clearance for the IPO in January. 

In the first three quarters of FY26, Kissht reported a profit after tax (PAT) of ₹199.3 Cr on an operating revenue of ₹1,569.9 Cr. In FY25, its PAT declined about 18% to ₹160.6 Cr from ₹197.3 Cr in the previous fiscal year. Operating revenue declined over 20% to ₹1,337.5 Cr from ₹1,674.5 Cr in FY24. 

(The story will be updated soon)

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