Kissht Receives SEBI Approval for INR 1,000+ Crore IPO

Kissht has received approval from SEBI, the market regulator, to move forward with its public offering. According to the most recent information on the SEBI website, OnEMI Technology, the parent company of the firm, received observations from the regulator on January 8.

Issuing observations is a "green light" to move on with the public offer, according to SEBI. In order to raise up to INR 1,000 Cr through a new issuance, Kissht filed its draft red herring prospectus (DRHP) in August 2025. Additionally, an offer-for-sale (OFS) component of up to 88.8 lakh shares will be included in its IPO. Vertex Ventures, Endiya Partners, Ventureast, and other investors would reduce their holdings as part of the OFS.

Financial Outlook of Kissht

As of right now, Kissht has raised about $142 million. Among its rivals are Kreditbee, Fibe, Navi Finserv, Moneyview, and Lendingkart. Prior to the IPO, Kissht changed its name from OnEMI Technology Solutions Pvt Ltd to OnEMI Technology Solutions Ltd and became a public company in July of last year.

In terms of finances, the Mumbai-based startup's net profit decreased 18.6% from INR 197.29 Cr in the previous fiscal year to INR 160.62 Cr in FY25. From INR 1,674.45 Cr in FY24 to INR 1,337.47 Cr in the year under review, operating revenue decreased by more than 20%. In FY25, 98% of its AUM came from unsecured personal loans. The startup intends to increase the capital base of Si Creva, its NBFC subsidiary, with INR 750 Cr from the IPO proceeds. Si Creva is used by the startup to distribute personal loans.

Operations of Kissht

Kissht, a lending tech platform founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, provides digitally facilitated personal and commercial loans up to INR 5 Lakh with less paperwork.

In addition, Kissht provides secured loans via property loans and health-related insurance products. With 62 locations spread across six states and one Union Territory, Kissht presently provides loans secured by real estate under a hybrid business model.