Financial technology lending company Kissht has filed draft red herring prospectus (DRHP) for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI).

The IPO comprises a mix of fresh equity of Rs 1,000 crore and an offer-for-sale (OFS) involving up to 88.8 lakh existing shares.

Kissht plans to allocate around Rs 750 crore to strengthen the capital foundation of its non-banking financial company subsidiary, Si Creva.

As of March 31, 2025, the company's assets under management stands at over Rs 4,087 crore.

Major investors including Vertex Ventures, Endiya Ventures, and Ventureast are planning to reduce their holdings through the OFS.

Kissht's net profit fell 18% to Rs 160.6 crore in FY25, compared to Rs 197.3 crore in the previous financial year. The company's operational revenue declined over 20% to Rs 1,337.5 crore from Rs 1,674.5 crore recorded in FY24.

The company may look for a pre-IPO placement of Rs 200 crore. In the event of the completion of the pre-IPO the fresh issue IPO size will be reduced.