Kissht Raises ₹832 Cr in Preferential Issue; 24 New Investors Join
Kissht parent OnEMI Technology Solutions has allotted 2.65 crore shares at ₹314.1 each to 34 investors, including Axis Mutual Fund and MIT, just months after its IPO.
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giftdetect· the right gift in minutesKissht parent OnEMI Technology Solutions has completed a ₹832.20 crore preferential issue, allotting 2.65 crore equity shares to 34 investors at ₹314.1 apiece. Twenty-four of them are new to the cap table, while 10 existing shareholders, including schemes from Alchemy, First Bridge, Groww and HDFC, raised their holdings.
Who is investing
The new names include Axis Mutual Fund schemes, Ashoka WhiteOak funds, 360 ONE, Bandhan Small Cap Fund, Citigroup Global Markets Hong Kong, Unity Small Finance Bank and the Massachusetts Institute of Technology. Axis Flexi Cap, Multi Cap and Small Cap funds together receive 63.7 lakh shares worth nearly ₹200 crore. MIT, through two entities, gets 27.1 lakh shares worth ₹85 crore. Envision Capital receives 12.7 lakh shares worth nearly ₹40 crore, and First Bridge 12.1 lakh shares for ₹20 crore. Three Ashoka WhiteOak-linked entities take 23.9 lakh shares for nearly ₹75 crore.
The shares received trading approval from BSE and NSE on November 8. The board cleared the issue on October 23, after shareholders approved it at an extraordinary general meeting on October 14. Paid-up equity capital rises from ₹17.81 crore to ₹20.46 crore, with the new shares making up about 13% of the enlarged capital.
Why it matters
The raise comes barely four months after Kissht listed at an 11.7% premium to its ₹171 issue price on the BSE. That IPO combined a ₹850 crore fresh issue with a ₹76 crore offer for sale. The quick follow-on round points to strong institutional interest in the lender, although the company has not disclosed how it will use the proceeds.
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht offers digital personal and business loans of up to ₹5 lakh, plus health insurance products and loans against property. In July it received regulatory approval to distribute mutual funds through its subsidiary Invincible Minds.
At the end of June 2026 it had more than 45 lending and co-lending partners and 101 branches across eight states and union territories. Its active customers more than doubled year on year to 3.49 million in Q1 FY27. Consolidated net profit rose 59% to ₹95.1 crore, and operating revenue grew nearly 45% to ₹669.5 crore. Shares closed Thursday 5.08% higher at ₹359.7 on the BSE.
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