Kissht IPO subscribed over 9 times on strong QIB interest
- ByStartupStory | May 6, 2026
Digital lending platform Kissht, operated by OnEMI Technology Solutions, witnessed strong demand for its IPO, which was subscribed over 9 times by the end of the final day of bidding. The momentum was led by institutional interest, as the Qualified Institutional Buyers (QIB) portion saw nearly 25X oversubscription.
According to exchange data, the QIB segment subscribed 24.9X, followed by Non-Institutional Investors (NIIs) at 6.5X, while the retail investor quota saw relatively muted interest at 1.83X.
Kissht’s initial public offering (IPO) was open for subscription from April 30 to May 5, with a price band of Rs 162–171 and a minimum investment of Rs 14,094 for a lot size of 87 shares.
According to its RHP, Kissht’s IPO is pegged at Rs 926 crore, comprising a fresh issue of Rs 850 crore and an offer for sale (OFS) of 4.4 million shares (around Rs 76 crore). Vertex Ventures will lead the OFS by offloading 1.7 million shares, alongside Ammar Sdn Bhd, Ventureast Proactive Fund, Endiya Seed Co-creation Fund, and AION Advisory.
Ahead of the IPO opening, Kissht raised Rs 278 crore (around $30 million) from 22 anchor investors. The anchor book featured a mix of leading domestic mutual funds and global institutional investors, including HDFC Mutual Fund, ICICI Prudential Mutual Fund, WhiteOak Capital, Goldman Sachs, Citigroup, and BNP Paribas.
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht provides small-ticket consumer loans and has scaled aggressively on the back of partnerships with merchants across electronics, fashion, travel and other categories.
For the nine-month period ended December 2025, Kissht reported an operating revenue of Rs 1,560 crore along with a net profit of Rs 199 crore. In FY25, the company posted Rs 1,337 crore in operating revenue, with a net profit of Rs 160 crore.
Follow Startup Story
Related Posts
