Kissht Files DRHP with SEBI for ₹1000 Crore IPO
Kissht, one of India’s digital lending platforms operated by OnEMI Technology Solutions Limited, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a ₹1000 crore initial public offering (IPO).
IPO Structure and Details
- The proposed issue is a combination of a fresh issue of ₹1000 crore and an offer for sale of 8.88 million equity shares by existing shareholders.
- Book-running lead managers - JM Financial Limited, HSBC Securities and Capital Markets (India) Private Limited, Nuvama Wealth Management Limited, SBI Capital Markets Limited, and Centrum Capital Limited.
- Registrar - KFin Technologies Limited
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Utilisation of Funds
The net proceeds from the fresh issue will be used towards the following objectives:
- Augmenting the capital base of the subsidiary, Si Creva, to meet its future capital requirements
- General corporate purposes
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Financial Performance
The company's revenue from operations increased by 70.09%, from ₹984.46 crore in fiscal 2023 to ₹1,674.45 crore in fiscal 2024. However, it declined by 20.12% in fiscal 2025, falling to ₹1,337.47 crore.
Company Profile
Kissht is a digital lending platform that provides digital loans to mass market segments. As of March 31, 2025, they served 9.16 million customers and had 53.23 million registered users. Further, their granular loan book is with over 1.90 million active customers and ₹40,866.38 million in assets under management (“AUM”).
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