Kissht DRHP: Rs 1,000 crore fresh issue, Vertex and other investors to sell stake

OnEMI Technology Solutions, which runs fintech lending app Kissht, has filed its draft red herring prospectus (DRHP) with Sebi for a public listing. The company plans to raise Rs 1,000 crore through a fresh issue of shares, while around 8.8 million equity shares have been put up for sale by existing investors.

Kissht said Rs 750 crore from the proceeds will be infused into its in-house non-banking finance company, Si Creva. The rest will go towards general corporate purposes. Additionally, Kissht is looking to raise around Rs 200 crore via a pre-IPO…