Kissht Sets Stage for IPO with Rs 1,000 Crore Fresh Issue

Kissht, India's digital lending platform operated by OnEMI Technology Solutions, has filed for an IPO. The offering includes a Rs 1,000 crore fresh issue and an OFS of 88.79 lakh shares by existing investors. Proceeds will expand Si Creva's capital and support general corporate purposes. The company may consider a Rs 200 crore pre-IPO placement.

Devdiscourse News Desk | New Delhi | Updated: 19-08-2025 18:20 IST | Created: 19-08-2025 18:20 IST

Kissht Sets Stage for IPO with Rs 1,000 Crore Fresh Issue — This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only.

Country:
India

Kissht, a leading digital lending platform in India under OnEMI Technology Solutions, has taken a significant step towards going public by filing draft papers with SEBI for an IPO. The IPO aims to raise capital through a fresh issue worth Rs 1,000 crore, accompanied by an offer for sale of 88.79 lakh shares from existing investors.

The funds accrued from the fresh issuance, approximately Rs 750 crore, are set to bolster the capital base of Kissht's subsidiary, Si Creva, as it gears up for future capital needs, with the remaining funds earmarked for general corporate purposes. Kissht may also explore a pre-IPO placement of Rs 200 crore, potentially reducing the fresh issue size.

Established in 2016, Kissht has grown impressively, serving millions of customers with tailored credit solutions, evidenced by its significant revenue and profit figures for fiscal year 2025. The impending IPO is being managed by industry stalwarts including JM Financial and HSBC Securities among others.

(With inputs from agencies.)