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The company recorded a 61% year-on-year increase in assets under management (AUM) to Rs 8,001 crore in Q1 FY27.
The registration is valid from July 13, 2026, to July 12, 2029, allowing the company to distribute mutual fund products.
Loan disbursements rose 37% year-on-year to around Rs 3,812 crore during the first quarter of FY27.
Its net profit rose 75% year-on-year to Rs 281.4 crore during the fiscal year from Rs 160.6 crore in FY25.
The company's IPO, which opened last week, was subscribed over nine times overall.
Its listing is scheduled on the BSE and NSE on May 8.
Of the total anchor allocation, 57% was allotted to seven domestic mutual funds across 13 schemes, accounting for Rs 158.32 crore.
Kissht has cut the fresh issue component from Rs 1,000 crore to Rs 850 crore, while OFS portion has also been reduced from 8.8 million shares to 4.4 million shares.
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Private market valuations, unsecured loan books and tighter regulation are forcing India's fintech lending companies to rethink their IPO plans…
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.
Kissht plans to allocate around Rs 750 crore to strengthen the capital foundation of its non-banking financial company subsidiary, Si Creva.
Ring's parent entity OnEMI's total income also fell to Rs 1,353 crore during FY25, against Rs 1,700 crore in the year ago period.
The company has mandated ICICI Securities, UBS Securities India Private Limited and Motilal Oswal Investment Banking as lead managers for the IPO.
