OnEMI Technology Solutions gets SEBI`s nod for IPO
OnEMI Technology Solutions, which operates India's digital lending platform Kissht, has secured Securities and Exchange Board of India’s (SEBI's) approval to raise funds through initial public offering (IPO). The IPO is a combination of fresh issue of shares worth Rs 1,000 crore and an offer for sale (OFS) of 88.79 lakh equity shares by existing investors.
Proceeds from its fresh issuance worth Rs 750 crore will be utilised for augmenting the capital base of its subsidiary, Si Creva, to meet its future capital requirements and the rest for general corporate purposes. JM Financial, HSBC Securities and Capital Markets (India), Nuvama Wealth Management, SBI Capital Markets, and Centrum Capital have been appointed by the company as lead managers to the public offering.
OnEMI Technology Solutions is a leading digital lending platform revolutionizing access to credit in India. The company provides a wide range of loan products--from small-ticket personal loans to secured loans like Loan Against Property (LAP)--leveraging deep data analytics, alternative credit scoring, and robust technology infrastructure.
