OnEMI Technology Solutions allots 2.65 crore shares to 34 investors in ₹832.20 crore preferential issue

OnEMI Technology Solutions Ltd, the parent of digital lender Kissht, has allotted 2,64,93,882 equity shares to 34 investors at ₹314.11 apiece, completing a preferential issue worth ₹832.20 crore. The new shares received trading approval from BSE and NSE on November 8, Devdiscourse reported.

OnEMI's ₹832.20 Crore Allotment And Investor List

The Board approved the allotment on October 23, according to a filing with the exchanges. The shares, with a face value of ₹1 each, rank equally with the company's existing equity. They take OnEMI's paid-up capital from ₹17.81 crore to ₹20.46 crore, which means the new shares make up about 13 per cent of the enlarged capital.

Ten of the 34 investors already held shares in the company, among them schemes from Alchemy, First Bridge, Groww and HDFC, and all of them increased their holdings. The other 24 are new, including 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, the filing showed.

From the Board's approval of the issue on September 17 to trading approval on November 8 took about seven weeks, with shareholders approving the proposal at an extraordinary general meeting on October 14. "We are grateful to every investor who has put their trust in Kissht. It is encouraging to see several existing shareholders add to their holdings, and a strong set of new investors join us. This issue gives us a stronger balance sheet to keep building what we set out to: a lender that grows with discipline, underwrites carefully and treats customers fairly. The work from here is to keep earning that trust," said Ranvir Singh, Founder & CEO, Kissht.

The completion comes days after the company said Kissht's assets under management had crossed ₹10,000 crore. In the quarter ended September 30, Kissht disbursed ₹4,612 crore and reported a net profit of ₹125.12 crore, double the ₹62.4 crore a year earlier, with AUM up 68.4 per cent year on year.

OnEMI's Earlier Capital Moves

OnEMI's earlier capital moves include its May 2026 listing and a capital infusion into its lending subsidiary, according to akta.pro company records. The company listed on BSE and NSE on May 8, 2026 via an IPO that raised ₹926 crore, comprising a ₹850 crore fresh issue and a ₹75.92 crore offer for sale, subscribed 9.5 times overall with the QIB portion at 24.87 times and listing at an 11-12% premium to the ₹171 issue price. In May 2026, OnEMI infused ₹637.5 crore into wholly-owned NBFC subsidiary Si Creva Capital Services via subscription to 30 million equity shares at ₹2,125 per share, deploying IPO fresh-issue proceeds to expand the regulated lending book. On June 17, 2026, OnEMI incorporated Invincible Minds Private Limited as a wholly owned subsidiary, investing ₹9 crore to subscribe to 90 lakh equity shares representing 100% shareholding, to expand its financial services presence.

OnEMI's Path To The Preferential Issue

OnEMI's board approved a preferential issue of up to Rs 832 crore on September 17, 2026, offering 26.49 million shares at Rs 314.11 to 34 non-promoter investors, The Times of India reported. Before that, OnEMI had scheduled a board meeting for September 17, 2026, to consider raising funds via a preferential issue of equity shares, warrants, or convertible instruments, ScanX reported. On August 26, 2026, the Board approved altering the Memorandum of Association to add fintech-related activities, including software hosting, payment gateways, credit information processing, outsourcing and back-office support, ScanX reported.