Kissht, a leading digital lending platform in India, is making headlines with its upcoming ₹1,000 crore IPO. The fresh offering aims to boost the fintech firm’s capital base, helping it serve more young, middle-class Indians who want easy credit access.
What Is Kissht?
Kissht is run by OnEMI Technology Solutions and is based in Mumbai. Since its start in 2016, it has become popular for providing quick digital loans through its app. The platform focuses on people who are new to credit and those underserved by traditional banks.
IPO Details and Fund Use
The IPO will have two parts:
- A fresh issue of ₹1,000 crore worth of shares.
- An offer for sale (OFS) of about 88.8 lakh shares by existing investors like Vertex Ventures and Ventureast.
If a pre-IPO placement succeeds, the fresh issue size might be reduced by up to ₹200 crore. Most of the funds—about ₹750 crore—will go to Kissht’s NBFC arm, Si Creva Capital Services, to increase its lending power. The rest will support general business expenses.
Company Performance
Kissht has seen rapid growth, with revenue reaching ₹1,674 crore in FY24. However, FY25 brought a 20% drop to ₹1,337 crore as lending slowed. Profit also fell by 19% to ₹160 crore. Kissht’s loan disbursement almost halved, shifting focus to longer tenure loans for steady and responsible growth. As of March 2025, Kissht had served over 9 million customers, with assets under management of around ₹4,086 crore.
Why This IPO Matters
This IPO marks Kissht’s entry into the public market, offering liquidity to early investors and new opportunities for retail buyers. The company’s tech-led approach and backing by experienced founders have made it one of India’s trusted fintech brands. With the funds raised, Kissht aims to expand its digital lending reach and help more Indians achieve their financial goals.