Overview of the Kissht IPO
Digital lending leader Kissht, operated by OnEMI Technology Solutions, has successfully concluded its IPO with an oversubscription of 9x. The offering attracted significant capital, buoyed by heavy institutional participation, signaling continued market confidence in profitable Indian fintech platforms.
Deal Structure and Key Financials
- Issue Size: Rs 926 crore (Fresh issue of Rs 850 crore; OFS of Rs 76 crore).
- Price Band: Rs 162–171 per share.
- Performance: QIB portion saw 24.9x demand, NIIs saw 6.5x, and retail interest at 1.83x.
- Financial Health: Reported Rs 1,560 crore revenue and Rs 199 crore profit for the nine-month period ending December 2025.
Market Context
Kissht, founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, provides small-ticket consumer loans via strategic merchant partnerships. The company’s ability to secure Rs 278 crore from anchor investors like Goldman Sachs and HDFC Mutual Fund highlights the maturity of India’s digital lending space.
Founder Takeaway
The successful public exit for early investors like Vertex Ventures and Endiya Partners underscores the value of achieving clear profitability and scalable revenue streams prior to hitting the public markets.