Digital lender Kissht gets SEBI nod for IPO
12 Jan 2026, 06:39 PMThe planned share sale will involve issuing new equity worth up to Rs 1,000 crore while allowing early backers to divest roughly 8.8 million existing shares.
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Consumer lending app Kissht has received the approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
The planned share sale will involve issuing new equity worth up to Rs 1,000 crore while allowing early backers to divest roughly 8.8 million existing shares.
Ammar Sdn Bhd intends to sell around 20.89 lakh shares, Vertex Ventures plans to offload 39.4 lakh shares, and smaller stakes will be sold by Ventureast Proactive Fund, Endiya Seed Co-creation Fund, and AION Advisory.
The company aims to use the capital raised from the fresh issue for augmenting the capital base of its NBFC arm, Si Creva Capital Services, funding business expansion, and meeting general corporate expenses.
The management may also arrange a pre-listing fundraise from select investors, which would reduce the portion of newly created stock accordingly.
Established nearly a decade ago by Ranvir Singh and Krishnan Vishwanathan, Kissht specializes in providing small personal loans through tie-ups with retailers spanning electronics, clothing, travel bookings and other sectors.
On the financial front, the company generated Rs 1,337 crore in operating income during the most recent fiscal year ended March 31, 2025, down from Rs 1,674 crore in the previous year, while posting a net profit of Rs 160 crore.
JM Financial, HSBC Securities, Nuvama Wealth, SBI Capital and Centrum Capital will manage the company's public offer.
The fintech firm had submitted its draft red herring prospectus (DRHP) for the IPO last year amid the broader wave of new age fintech companies preparing to tap public capital markets during an upswing in investor appetite. Groww and Pine Labs listed on the exchanges last year.
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