Market Performance and IPO Highlights
Digital lending platform Kissht, operated by OnEMI Technology Solutions, successfully listed on the Indian stock exchanges, debuting at Rs 191 on the BSE—a 12% premium over its IPO price of Rs 171. The stock further surged to trade around Rs 210, resulting in a market capitalization of approximately Rs 3,532 crore ($372 million).
Capital Structure and Investor Participation
The company raised Rs 926 crore, consisting of a Rs 850 crore fresh issue and a Rs 76 crore Offer for Sale (OFS). Early-stage investors including Vertex Venture, Endiya Seed Co-creation Fund, and Ventureast utilized this event to partially exit their positions. Strong institutional interest drove the subscription to over 9x, with the Qualified Institutional Buyer (QIB) segment leading demand at 24.9x.
Financial Traction
Kissht has demonstrated a clear path to profitability. For the nine-month period ending December 2025, the company reported operating revenue of Rs 1,560 crore and a net profit of Rs 199 crore, following an FY25 performance of Rs 1,337 crore revenue and Rs 160 crore profit.
Strategic Implications
The successful listing signals a robust appetite for profitable fintech models in the Indian market, particularly those focused on digital credit. For founders, the strong QIB interest underscores that institutional investors are prioritizing bottom-line growth alongside scaling capabilities.