FinanceThursday, November 5, 20261 min read

Why is OnEMI Tech stock rising today? Kissht parent firm's shares jump 7% after AUM milestone, ₹832 cr fundraise

By Livemint Markets · Published by Everything Blog

In short

OnEMI Technology Solutions saw its stock advance over 7% during Thursday trade after reaching a ₹10,000 crore assets under management milestone. This performance comes alongside an ₹832 crore capital infusion secured through a private placement preferential issue. Moving forward, Kissht aims to broaden credit distribution across India utilizing proprietary artificial intelligence underwriting tools. Chairman and CEO Ranvir Singh highlighted that disciplined underwriting and scalable systems remain central to sustaining the firm's growth.

Key points

OnEMI achieved a major corporate milestone by growing its assets under management beyond…: OnEMI achieved a major corporate milestone by growing its assets under management beyond ₹10,000 crore.
A preferential issue successfully raised ₹832 crore to support the company's financial ba…: A preferential issue successfully raised ₹832 crore to support the company's financial base.
The digital lender plans nationwide expansion driven by proprietary artificial intelligen…: The digital lender plans nationwide expansion driven by proprietary artificial intelligence underwriting and digital collections.

Sources checked by our analysis pipeline: 1

OnEMI Tech stock rally: Shares of Kissht parent company, OnEMI Technology Solutions Limited, rallied nearly 7.40% during Thursday’s intraday trading session. The massive surge in the fintech stock has come after the company announced that it has crossed ₹10,000 crore asset under management (AUM) milestone.

OnEMI Technology Solutions AUM milestone has come days after the company secured ₹832 crore fundraise.

OnEMI AUM milestone

OneEMI Technology Solutions Limited’s assets under management have crossed the ₹10,000 crore milestone, announced the technology-first digital lender in its press release on Wednesday after the stock market trading hours.

Kissht has built the scale as a full-stack digital lending platform, that would help the firm in leveraging technology, data and artificial intelligence across the lending lifecycle. The company is on track to expand its credit offerings and access to credit across India, with support of its proprietary AI-led underwriting models, technology-enabled collections infrastructure and expanding network.

“Crossing ₹10,000 crore in AUM is a proud moment for everyone at Kissht, and a significant milestone in our journey. This growth is built on the same principles we started…

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Key Points

OnEMI achieved a major corporate milestone by growing its assets under management beyond…: OnEMI achieved a major corporate milestone by growing its assets under management beyond ₹10,000 crore.
A preferential issue successfully raised ₹832 crore to support the company's financial ba…: A preferential issue successfully raised ₹832 crore to support the company's financial base.
The digital lender plans nationwide expansion driven by proprietary artificial intelligen…: The digital lender plans nationwide expansion driven by proprietary artificial intelligence underwriting and digital collections.

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AI Analysis

Tone

Positive

In short

Key Points

OnEMI achieved a major corporate milestone by growing its assets under management beyond…: OnEMI achieved a major corporate milestone by growing its assets under management beyond ₹10,000 crore.
A preferential issue successfully raised ₹832 crore to support the company's financial ba…: A preferential issue successfully raised ₹832 crore to support the company's financial base.
The digital lender plans nationwide expansion driven by proprietary artificial intelligen…: The digital lender plans nationwide expansion driven by proprietary artificial intelligence underwriting and digital collections.

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Finance

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Why is OnEMI Tech stock rising today? Kissht parent firm's shares jump 7% after AUM milestone, ₹832 cr fundraise

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