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Kissht IPO Opens: Invest in Digital Lending Future!
30 Apr
Summary
- Kissht's IPO subscription window is open from April 30 to May 5.
- The company raised ₹278 crore from anchor investors.
- 94% of the loan book is unsecured, posing economic sensitivity risks.
OnEMI Technology Solutions Ltd, operating the digital lending platform Kissht, will open its Initial Public Offering (IPO) for subscription from April 30 to May 5. The IPO price band is set at ₹162-171, valuing the company at nearly ₹2,900 crore at its highest point. This offering follows the successful procurement of ₹278 crore from anchor investors, including prominent domestic mutual funds and international financial institutions.
Kissht, established in 2016, focuses on digital credit solutions for mass-market consumers. As of March 31, 2025, it served over 53 million registered users and assisted 9.16 million customers. Despite a strong user base and high Net Promoter Score, risks include a significant 94% unsecured loan book, making it vulnerable to economic downturns and regulatory changes.
The company reported a revenue decline of 20% in FY25 but saw robust Assets Under Management (AUM) growth of approximately 57% year-on-year to ₹4,086.6 crore. Its scalable technology platform and a balanced lending model through its NBFC subsidiary, Si Creva, and off-book partnerships, contribute to its efficiency and customer reach.
