Kissht’s parent company, OnEMI Technology Solutions, has secured shareholder approval to raise up to ₹832 crore through a preferential issue of equity shares just four months after its IPO, according to inc42.com. The digital lending platform had earlier raised around ₹926 crore through its initial public offering, including a fresh issue of shares.
The new funds will primarily support Kissht’s lending arm, Si Creva, with 75% of the proceeds earmarked for loan-book growth. The remaining amount will be allocated for general corporate purposes. This move follows a trend among newly listed tech companies returning to capital markets shortly after their public debuts, often through Qualified Institutional Placements (QIPs) or preferential issues.
Several other tech firms have tapped institutional investors soon after listing. Swiggy raised ₹10,000 crore via QIP roughly a year post-IPO, Ather Energy secured ₹1,300 crore about 14 months after going public, and Ola Electric raised ₹780 crore less than two years after listing through a QIP. Companies like Zaggle, RateGain, and Nazara have also used similar routes to raise capital.
Travel tech company ixigo raised approximately $146 million through a preferential issue around 16 months after its IPO, illustrating the growing trend of listed startups accessing fresh equity capital soon after their market debut, as documented by inc42.com.