Kissht shares jump 12% on stock market debut
08 May 2026, 06:27 PMThe company's IPO, which opened last week, was subscribed over nine times overall.
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Digital lending platform Kissht made a strong debut on the stock exchanges with its shares opening around 12% above the issue price on both BSE and NSE on listing day.
The stock debuted at Rs 191 on BSE and Rs 190 on NSE against an IPO (initial public offering) price of Rs 171, and quickly climbed further to trade near Rs 210 within the first hour, pushing the company's market capitalisation to roughly Rs 3,532 crore, or about $372 million.
The company's IPO, which opened last week, was subscribed over nine times overall, with demand coming highest from institutional buyers at nearly 25 times their allocated quota. Non-institutional investors came in at 6.5 times, while retail participation was modest at under two times.
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.
Prior to the IPO, the company had already raised Rs 278 crore from 22 anchor investors, a group that included marquee names like HDFC Mutual Fund, Goldman Sachs, Citigroup, and BNP Paribas.
The company reported operating revenue of Rs 1,560 crore and a net profit of Rs 199 crore for the nine months ending December 2025. For the full financial year 2025, it posted revenue of Rs 1,337 crore and a profit of Rs 160 crore.
Earlier this year, the IPO of another NBFC Aye Finance received a lukewarm response and it made a flat market debut.
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