Kissht Files DRHP For Rs 1000 Cr IPO

Lending tech startup Kissht’s parent has filed its draft papers with SEBI to raise up to ₹1,000 Cr through a fresh issue. The IPO will also include an offer-for-sale of up to 88.8 lakh shares.

As part of the OFS, Vertex Ventures, Endiya Partners, and Ventureast will cut their stakes. Vertex will sell up to 50 lakh shares, while Ammar Sdn Bhd will offload up to 21 lakh shares.

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From the fresh issue, Kissht will use about ₹750 Cr to strengthen the capital base of its NBFC arm, Si Creva Capital, for future needs—₹250 Cr in FY26 and the rest in FY27. The balance will go towards general corporate purposes.

Ahead of its IPO, Kissht’s FY25 net profit fell 18% to ₹160.6 Cr from ₹197.3 Cr last year. Its operating revenue also dropped over 20% to ₹1,337.5 Cr from ₹1,674.5 Cr in FY24.

About Kissht 

Founded by Ranvir Singh and Krishnan Vishwanathan in 2015, the Mumbai-based Kissht provides loans and financial products to individuals and small businesses, focusing on quick, hassle-free credit through its app.

Its main platform gives users instant credit, while its separate app, RING, serves customers via merchants. Kissht is also testing Conexo, a new platform to source retail loan products like credit cards for other financial institutions.

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