Kissht, a popular Indian fintech platform, is ready to launch its Initial Public Offering (IPO). The company, operated by OnEMI Technology Solutions, filed its draft red herring prospectus (DRHP) recently. This step is set to take Kissht to the next phase of growth and innovation, making it a name to watch in India’s digital lending sector.
Shareholding Structure: Who Owns What?
Kissht has a strong mix of promoters and investors. Founders Ranvir Singh and Krishnan Vishwanathan are among the top stakeholders, holding a combined stake of about 30.89%. Singh owns 17.5%, while Vishwanathan holds 13.4% in the company. Investors, including global names like Vertex Ventures (backed by Temasek), Ventureast, Endiya, AION Advisory, and Ammar Sdn Bhd, hold the remaining shares. Vertex and Ammar are among the largest selling shareholders in the IPO offer-for-sale segment, with 39.4 lakh and 20.89 lakh shares, respectively.
Details of the IPO
- IPO Size: The total public offer will include a fresh issue worth ₹1,000 crore and an additional offer-for-sale (OFS) of 8.88 million shares by existing shareholders. Up to ₹750 crore from the fresh issue will support Kissht’s NBFC arm, Si Creva Capital, while ₹250 crore is for general corporate purposes.
- Market Valuation:Â Kissht is targeting a valuation between $900 million and $1.1 billion at the time of listing.
- Lead Managers:Â The IPO is managed by ICICI Securities, UBS Securities India, Motilal Oswal, and other top names from the sector.
Company Performance and Business Model
Founded in 2015, Kissht offers digital loans for individuals and businesses across India. The company has served millions, thanks to user-friendly loan options and simple paperwork. In FY25, Kissht reported revenue of ₹1,337 crore and a net profit of ₹160 crore, showing strong growth and efficient operations. Its core business includes small consumer loans, MSME loans, and secured lending such as loans against property.
Key Leaders & Their Vision
Promoters Ranvir Singh and Krishnan Vishwanathan have been pivotal in driving Kissht’s mission for fast, digital credit access for the Indian market. Their focus is on digitising loan processes and offering quick turnaround, making credit available for more Indians. The board has also strengthened with industry leaders joining as independent directors to support the company’s IPO journey.
Why Kissht’s IPO Matters for India
Kissht’s IPO is a big step for India’s fintech space, providing more digital financial services to underserved segments. As digital lending in India continues to grow, experts expect Kissht to play a crucial role in widening credit access and supporting national financial inclusion goals.