SEBI Greenlights Kissht IPO: INR 1,000 Cr Public Listing Cleared
Overview
Fintech lender Kissht, operated by OnEMI Technology Solutions, has received regulatory approval from SEBI for its initial public offering. The company aims to raise up to INR 1,000 crore through a combination of fresh issuance and an offer-for-sale by existing investors. Proceeds will bolster its NBFC arm, despite recent dips in profit and revenue.
SEBI Grants Go-Ahead for Kissht IPO
Lending technology startup Kissht, under its parent entity OnEMI Technology Solutions Ltd, has secured the market regulator SEBI's clearance for its much-anticipated initial public offering. The regulator issued observations on January 8, signaling approval for the company to proceed with its public listing plans. This green light follows Kissht's submission of its draft red herring prospectus (DRHP) in August 2025, where it outlined its intent to raise as much as INR 1,000 crore through fresh equity.
IPO Structure and Fund Utilization
The public offering will include an offer-for-sale (OFS) component, allowing early investors such as Vertex Ventures, Endiya Partners, and Ventureast to divest a portion of their holdings. The company has not specified the exact number of shares for the OFS, only indicating a maximum of 88.8 lakh shares. Kissht plans to channel INR 750 crore from the IPO proceeds into its non-banking financial company (NBFC) arm, Si Creva, to strengthen its capital base. The startup primarily disburses personal loans through Si Creva.
