Kissht IPO: Fintech platform Kissht, run by OnEMI Technology Solutions, is moving ahead with its public market debut after filing its red herring prospectus with SEBI. The company has fixed the price band for its initial public offering at Rs 162 to Rs 171 per share, with the issue opening for subscription on April 30 and closing on May 5.
At the upper end of the price band, Kissht is looking at a post-money valuation of around Rs 3,062 crore.
The IPO size stands at Rs 926 crore. This includes a fresh issue of Rs 850 crore and an offer for sale worth about Rs 76 crore. The company has trimmed both parts of the issue from its earlier draft filing. The fresh issue was earlier proposed at Rs 1,000 crore, while the offer for sale has been reduced from 8.8 million shares to 4.4 million shares.
A major part of the fresh proceeds, Rs 637.5 crore, will be infused into Si Creva to strengthen its capital base and support future business growth. The balance will be used for general corporate purposes.
Vertex Ventures is leading the offer for sale by offloading 1.7 million shares. Ammar Sdn Bhd, Ventureast Proactive Fund, Endiya Seed Co-creation Fund and AION are also among the selling shareholders.
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht built its business around small-ticket consumer credit, supported by merchant partnerships across electronics, fashion and other categories.
Ahead of the IPO, Vertex Ventures is the largest external shareholder with a 22.68 percent stake. Ammar Sdn Bhd holds 12.13 percent, while Ventureast Proactive Fund owns 8.95 percent. Co-founders Ranvir Singh and Krishnan Vishwanathan hold 18.78 percent and 13.52 percent, respectively.
The company’s financials show a profitable lending-led fintech heading into the market. For the nine months ended December 2025, Kissht reported operating revenue of Rs 1,076 crore and a net profit of Rs 199 crore. In FY25, it posted Rs 1,337 crore in operating revenue and Rs 160 crore in net profit.
JM Financial, HSBC Securities, Nuvama Wealth, SBI Capital and Centrum are managing the issue, while KFin Technologies is the registrar.
Kissht’s listing plan comes at a time when India’s fintech sector is facing closer regulatory scrutiny, especially around lending, payments and bank partnerships.
That makes this IPO more than just a fundraising event. It will also test investor appetite for profitable fintech businesses in a market where growth, governance and compliance are now being judged together.
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