Digital lending platform Kissht, operated by OnEMI Technology Solutions, has raised ₹278 crore ($30 million) from 22 anchor investors at the upper price band of ₹171 per share, ahead of its IPO opening on April 30.
The company allotted 1.62 crore equity shares to anchor investors, with 57% of the allocation going to domestic mutual funds, which invested ₹158.32 crore across multiple schemes.
Key participants in the anchor round include domestic institutions such as HDFC Mutual Fund, ICICI Prudential Mutual Fund, WhiteOak Capital, Bandhan Mutual Fund, Quant Mutual Fund, Tata Mutual Fund, and Sundaram Mutual Fund, along with global investors such as Goldman Sachs, Citigroup, and BNP Paribas.
The IPO is being managed by JM Financial, HSBC Securities, Nuvama Wealth Management, SBI Capital Markets, and Centrum Capital, while KFin Technologies is acting as registrar.
According to its red herring prospectus, Kissht has reduced its fresh issue size to ₹850 crore from ₹1,000 crore proposed earlier, while also trimming its offer for sale (OFS) component to around ₹76 crore.
Existing investors including Vertex Ventures, Endiya Partners, and AION Advisory will partially exit through the OFS.
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht offers small-ticket consumer loans, driven by partnerships with merchants across electronics, fashion, and travel segments.
On the financial front, the company reported ₹1,560 crore revenue and ₹199 crore profit for the nine month period ended December 2025. For FY25, it posted ₹1,337 crore in revenue with a net profit of ₹160 crore, reflecting strong growth and improving profitability.
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