- By Aditya Pratap Singh
- Tue, 28 Apr 2026 03:04 PM (IST)
- Source:JND
Upcoming IPO: OnEMI Technology Solutions Ltd fixed a price band of Rs 162-171 per share for its Rs 926-crore initial public offering (IPO). The initial share sale of digital lending platform Kissht parent firm will open for public subscription on April 30 and will conclude on May 5.
A Combination Of Fresh Issues and Offers for Sale
The IPO comprises a fresh issue of equity shares totalling Rs 850 crore and an offer-for-sale (OFS) of 44,39,788 equity shares by existing shareholders at the upper end of the price band for Rs 76 crore. This brings the total issue size to ₹926 crore.
At the upper end of the price band, the company is valued at approximately Rs 2,900 crore.
The company announced that the three-day issue will close on May 5, while anchor investor bids will be held on April 29.
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Who Will Offload Stake
The selling shareholders include Ammar Sdn Bhd Investor, Vertex Ventures SEA Fund III Pte. Ltd., Vertex Growth Fund Pte. Ltd, Vertex Growth Fund II Pte Ltd, Ventureast Proactive Fund II, Endiya Seed Co-creation Fund, VenturEast Proactive Fund LLC, AION Advisory Services LLP, Ventureast Proactive Fund, and VenturEast SEDCO Proactive Fund LLC.
The proceeds from the fresh issue will be used to enhance the capital base of its subsidiary, Sea Craver, to meet future funding requirements as well as for general corporate purposes.
IPO Details
Bidding Dates - April 30 To May 5
Lot Size: The lot size for the share sale is 87 equity shares, which means a minimum investment of Rs 14,877 for place a bid.
Share Reservation: Approximately 50 per cent of the issue is reserved for Qualified Institutional Buyers (QIBs), 35 per cent for retail investors, and the remaining 15 per cent for Non-Institutional Investors (NIIs).
Listing Date: The shares are proposed to be listed on the BSE and NSE, and are expected to be listed on May 8.
About
Launched in 2016, Kist provides digital credit solutions focused on young consumers in the mass market sector. As of March 31, 2025, the platform had 53.23 million registered users and served 9.16 million customers.
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The company reported revenue from operations of Rs 1,337 crore and profit after tax of Rs 161 crore in FY25, with assets under management of Rs 4,087 crore and over 19.0 million active customers.
(With Inputs From PTI)