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₹171 - 171
Onemi Technology Solutions Ltd
E-Commerce/App based AggregatorIPO
₹171 - 171
Kissht is a technology-enabled lender in India, primarily offering digital loans through its mobile application for various consumption and business needs. The Company provides swift, accessible and personalized credit solutions to support its customers throughout their financial journeys.
Lot87Min Invest₹14,877Face Value₹1Issue Size₹926 CrFresh Issue₹850 CrOffer for Sale₹76 CrListing Price₹191CMP₹309
Timeline
30 Apr
Bidding opens
5 May
Bidding closes
6 May
Allotment
7 May
Refund & demat credit
8 May
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹926 Cr5.41 Cr shares
Fresh Issue₹850 Cr
Offer for Sale₹76 Cr
Face Value₹1
Lot Size87 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,8771-13 lots
sNII₹2,08,278from 14 lots
bNII₹10,11,636from 68 lots
Managers & Registrar
Lead ManagerJM Financial Limited
Co-ManagerHSBC Securities & Capital Markets (I) Pvt Ltd, Nuvama Wealth Management Limited, SBI Capital Markets Limited, Centrum Capital Limited
RegistrarKFin Technologies Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrAmmar Sdn BhdOTH11,56,31719.77Vertex Ventures SEA Fund III Pte. Ltd.OTH7,92,30813.55Vertex Growth Fund Pte. Ltd.OTH4,56,8317.81Vertex Growth Fund II Pte. Ltd.OTH4,56,8317.81Ventureast Proactive Fund IIOTH5,89,51910.08Endiya Seed Co-creation FundOTH5,35,3679.15VenturEast Proactive Fund LLCOTH2,64,5224.52AION Advisory Services LLPOTH1,38,7582.37Ventureast Proactive FundOTH48,1080.82VenturEast SEDCO Proactive Fund LLCOTH1,2270.02Total44,39,78875.92
Shareholding
CategoryPre IPOPost IPOPromoter Group88.81%65.59%Public11.19%34.41%
Objects of the Issue
- Augmenting the capital base of our Subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of our Subsidiary, Si Creva's, business
- General corporate purposes
Anchor Book
Bid Date29-Apr-2026Shares1,62,44,216Amount₹278 Cr30-day lock-in04-Jun-202690-day lock-in03-Aug-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 514 | 1,021 | 1,674 | 1,337 | 2,179 |
| Operating ProfitCr | 57 | 55 | 264 | 224 | 368 |
| OPM% | 11.2 | 5.4 | 15.8 | 16.7 | 16.9 |
| PBTCr | 54 | 64 | 267 | 216 | 377 |
| PATCr | 63 | 59 | 197 | 161 | 281 |
| EPS | 269 | 134 | 413 | 33 | 47 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 2 | 5 | 5 | 5 | 12 |
| ReservesCr | 233 | 586 | 795 | 995 | 1,331 |
| BorrowingsCr | 139 | 390 | 784 | 1,508 | 2,396 |
| Fixed AssetsCr | - | - | - | 58 | 49 |
| Total AssetsCr | 541 | 1,417 | 1,797 | 2,701 | 3,989 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -16 | 48 | -637 | -661 | -461 |
| Investing Cash FlowCr | 33 | 24 | 40 | -33 | -70 |
| Financing Cash FlowCr | 19 | 507 | 312 | 542 | 608 |
| Net Cash FlowCr | 37 | 579 | -285 | -152 | 77 |
Strengths & Risks
Strengths · as stated in the DRHP
- Large customer base acquired through a distinctive multi-channel acquisition strategy.
- Driving asset quality through advanced and comprehensive risk management.
- Access to diversified and scalable funding sources.
- Scalable, cloud-native and AI-built technology platform integrated across all key functions
- Experienced founders and leadership, backed by marquee investors
Strategies · as stated in the DRHP
- Deepen relationships with its existing customer base and continue to acquire new high-quality customers to achieve a leadership position in the mass market segment.
- Continuous improvement in credit models to drive growth and profitability.
- Be at the forefront of technology by leveraging ML, generative AI and other emerging tools.
- Deliver superior profitability at scale by leveraging lower cost of funds and operating leverage.
- Build a comprehensive financial services platform through product expansion.
Risks · as stated in the DRHP
- A significant portion of the company's AUM consists of unsecured loans (94.23% and 98.15% of its total AUM as of December 31, 2025 and March 31, 2025, respectively). Any decrease in demand for the company's unsecured loans products may adversely affect its business, financial condition, cash flows, results of operations and prospects.
- The company success depends on retaining and expanding its customer base. If the company does not continue to innovate and further develop its platform or the company's platform developments do not perform, or the company is not able to keep pace with technological developments or if the company is unable to attract new customers or are unable to retain and grow its relationships with the company's existing customers, its business, financial condition, cash flows, results of operations and prospects would be materially and adversely affected.
- The company and its Subsidiary have witnessed negative operating cash flows in the past. Net cash inflow/(outflow) of the Company and its Subsidiary was Rs.(1,377.63) million and Rs.(2,294.17) million, respectively, in the nine months ended December 31, 2025 and Rs.(6,614.26) million and Rs.(8,249.93) million, respectively, in Fiscal 2025.
- The company has certain contingent liabilities that have not been provided for in the company's Restated Consolidated Financial Information, which if they materialize, may adversely affect its financial condition.
- A significant portion of the company's AUM is attributable to the southern and western regions of India (35.00% and 26.47%, respectively, of its AUM in the nine months ended December 31, 2025 and 32.91% and 29.07%, respectively, of the company's AUM in Fiscal 2025). Any adverse development in these regions may adversely affect its business, financial condition, cash flows and results of operations.
- The company's inability to use software licensed from third parties could adversely affect its ability to sell the company's offerings and subject the company to possible litigation, which may adversely affect its business, financial condition, cash flows, results of operations and prospects.