Digital lending platform Kissht, operated by OnEMI Technology Solutions, made a strong debut on the Indian stock exchanges, with its shares listing at ₹191 on the BSE, nearly 12% above the IPO issue price of ₹171.
On the National Stock Exchange of India (NSE), the stock opened at ₹190. Following the listing, the shares gained further momentum and traded around ₹210 during the session, valuing the company at approximately ₹3,532 crore ($372 million).
The listing follows strong investor demand during the IPO subscription period. The issue was subscribed over 9 times, led by institutional participation. According to exchange data, the Qualified Institutional Buyer (QIB) portion was subscribed 24.9 times, while the Non-Institutional Investor (NII) segment saw 6.5x subscription. Retail participation remained comparatively moderate at 1.83x.
Kissht’s IPO, open between April 30 and May 5, was priced in the range of ₹162–171 per share, with a minimum investment requirement of ₹14,094 for a lot size of 87 shares.
As per the company’s red herring prospectus (RHP), the IPO raised around ₹926 crore, comprising a fresh issue of ₹850 crore and an offer for sale (OFS) of 4.4 million shares worth ₹76 crore.
The OFS included stake sales by existing investors such as Vertex Ventures, Ammar Sdn Bhd, Ventureast Proactive Fund, Endiya Seed Co-creation Fund, and AION Advisory.
Ahead of the public issue, Kissht had raised ₹278 crore from anchor investors, including domestic mutual funds and global institutions such as HDFC Mutual Fund, ICICI Prudential Mutual Fund, Goldman Sachs, Citigroup, and BNP Paribas.
Financially, the company reported ₹1,560 crore in operating revenue and ₹199 crore net profit for the nine months ended December 2025. In FY25, Kissht posted ₹1,337 crore in revenue with a net profit of ₹160 crore.
The strong listing reflects continued investor appetite for profitable fintech businesses with scalable lending operations and improving financial metrics.
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