OnEMI Technology Solutions, the parent company of the lending platform Kissht, has finalized a preferential equity issue worth ₹832.20 crore. Inc42 reported that the non-banking financial company allotted 2.65 crore shares to 34 distinct investors. The transaction was executed at a price of ₹314.11 per share, following a series of approvals from the board and shareholders earlier in the year.
This capital injection expands the firm’s paid-up equity capital from ₹17.81 crore to ₹20.46 crore. According to Inc42, the newly issued shares represent roughly 13% of the enlarged capital base. The deal involved 24 new entrants alongside 10 existing shareholders who expanded their stakes. Among the new participants were entities linked to MIT, Axis Mutual Fund, and Ashoka WhiteOak Capital. Other buyers included 360 ONE, Bandhan Small Cap Fund, Citigroup Global Markets, and Unity Small Finance Bank.
Specific allocations varied significantly among the investors. Axis Mutual Fund schemes received 63.7 lakh shares, valued at nearly ₹200 crore. MIT entities were allotted 27.1 lakh shares totaling ₹85 crore. Envision Capital acquired 12.7 lakh shares for approximately ₹40 crore, while First Bridge took 12.1 lakh shares for ₹20 crore. Ashoka WhiteOak-linked entities received 23.9 lakh shares for nearly ₹75 crore. Individual investors Ameeta Rajendra Naik and Anil Shah also secured allocations.
The shares began trading on the BSE and NSE on November 8. This followed board approval on October 23 and shareholder consent at an extraordinary general meeting on October 14. Inc42 noted that the company did not specify how it would deploy the fresh proceeds. The raise occurred shortly after Kissht’s initial public offering, where its shares debuted 11.7% above the ₹171 issue price on the BSE.
Founded in 2015, Kissht provides digital personal and business loans up to ₹5 lakh, along with insurance products. As of June 2026, the platform reported 45 lending partners and 101 offline branches. Its active customer base reached 3.49 million in Q1 FY27. Consolidated net profit rose 59% to ₹95.1 crore in that quarter, while operating revenue increased nearly 45% to ₹669.5 crore.