Kissht IPO subscribed over 9 times
05 May 2026, 06:15 PMIts listing is scheduled on the BSE and NSE on May 8.
Share the story on
The initial public offering (IPO) of digital lending platform Kissht, operated by OnEMI Technology Solutions, was subscribed over 9 times at close on Tuesday, driven by strong demand from institutional investors, according to exchange data.
The IPO, priced in a band of Rs 162 to Rs 171 per share, saw demand led by the qualified institutional buyers (QIBs) segment, which was subscribed about 24.9 times.
In comparison, the non-institutional investor (NII) category was subscribed 6.5 times, while the retail segment saw muted participation at 1.83 times.
Its listing is scheduled on the BSE and NSE on May 8.
Kissht had filed its red herring prospectus (RHP) with the Securities and Exchange Board of India (SEBI) last month. It had cut the size of its IPO with fresh issue component reduced from Rs 1,000 crore to Rs 850 crore and the offer-for-sale (OFS) portion shrunk from 8.8 million shares to 4.4 million shares.
Kissht was founded in 2015 by Ranvir Singh and Krishnan Vishwanathan. The platform provides small-ticket consumer loans and has scaled aggressively through 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 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.
Earlier this year, the IPO of another NBFC Aye Finance received a lukewarm response.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
