Cyril Amarchand Mangaldas is advising OnEMI Technology Solutions, operator of the digital lending platform Kissht, on the filing of its draft red herring prospectus to raise INR 1,000 crore through an initial public offering. JSA is advising the book running lead managers to the proposed listing.

Book-running lead managers for the IPO include JM Financial, HSBC Securities, Nuvama Wealth Management, SBI Capital Markets, and Centrum Capital. The shares are planned to be listed on both BSE and NSE exchanges.

The IPO consists of a fresh share issuance of up to INR 1,000 crore and an offer for sale by existing investors will offload shares, including those held by Vertex Ventures SEA Fund III, Vertex Growth Fund, Ventureast, and others, providing liquidity to early backers.

Founded in 2016, Kissht offers technology-enabled credit solutions primarily targeting India’s emerging middle class, with a focus on young, digitally connected consumers who remain underserved by conventional credit channels. The platform provides digital loans for consumption and business needs through its mobile application, catering to an expanding customer base.

The CAM transaction team was lead by partner and capital markets head Manan Lahoty and partner Ravi Dubey. They were supported by principal associate Rushab Dhandokia, and associates Adwait Deshmukh, Sakshi Sharma, Aniruddh Saraswat, Archit Jain, Aditya Maheshwari, Akshat Sharma, and Tejas Chhura.

The JSA Team were led by partner Arka Mookerjee and included partner Siddhartha Desai, senior associate Govind Roy, and associates Prateek Khandelwal, Aditya Shendye, Anvita Sinha., Aditi Khandal, and Sourav Jena, and junior associate Johann Duckworth.