Kissht, run by OnEMI Technology Solutions, has submitted its draft IPO papers with SEBI intending to raise funds of ₹1,000 crore via an Initial Public Offering (IPO). The IPO will also have an Offer-for-Sale of 8.88 million shares by Investors.
The company’s investors are Vertex Ventures, Ventureast, Endiya Seed, AION Advisory, and Ammar Sdn Bhd. In this IPO, Vertex Ventures will sell shares worth 39.4 lakh, and Ammar Sdn Bhd will sell 20.89 lakh shares.
In April, the Mint reported that Kissht had hired ICICI Securities, UBS Securities India, and Motilal Oswal for its IPO process.
The proceeds of ₹750 crore raised from the fresh issue will be utilized for Kissht’s NBFC subsidiary, Si Creva. The remaining ₹250 crore will be used for the company’s general corporate purposes.
The company is also planning to raise funds of ₹200 crore in a pre-IPO placement. If they successfully plan to do so, the funds of ₹200 crore will be reduced from the fresh issue size.
Incorporated in 2015, Kissht, founded by Ranvir Singh and Krishnan Vishwanathan, is involved in offering small-ticket consumer loans and has expanded through partnerships in electronics, fashion, travel, and more. By March 2025, the company had 53.2 million registered users, over 9 million customers, and 1.9 million active borrowers.
In FY25, the company generated a revenue of ₹1,337 crore and a net profit of ₹160 crore, respectively.
The book-running lead managers to issue are ICICI Securities, UBS Securities India, Motilal Oswal, JM Financial, HSBC Securities, Nuvama Wealth, SBI Capital, and Centrum Capital. Whereas, KFin Technologies is the registrar of the issue.
According to an IJRPR report, with the rising demand for small loans and faster financial digitization, the digital lending market has been growing at about ₹1.2 trillion in 2022, and by 2025, it is expected to cross ₹28 trillion.
Kissht IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Kissht Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ₹1001.51 | ₹977.55 | ₹27.67 |
| 2024 | ₹1700.30 | ₹1432.86 | ₹197.29 |
| 2025 | ₹1352.69 | ₹1136.42 | ₹160.62 |
Kissht IPO Valuation – FY2025
Kissht IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹33.09 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 17.74% |
| Net Asset Value (NAV): | ₹187.58 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Bajaj Finance Limited | 26.89 | 32.73 | 19.19% | 155.60 | 69,724.78 Cr. |
| Cholamandalam Investment & Finance Company Limited | 50.72 | 29.31 | 19.71% | 281.45 | 26,152.76 Cr. |
| HDB Financial Services Limited | 27.40 | 27.26 | 14.72% | 198.80 | 16,300.28 Cr. |
| SBI Cards & Payment Services Limited | 20.15 | 39.61 | 14.82% | 144.86 | 18,637.15 Cr. |
Objects of the Issue
- Augmenting the capital base of our Subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of our Subsidiary, Si Creva’s, business; and
- General corporate purposes
IPO Lead Managers aka Merchant Bankers
- JM Financial Limited
- HSBC Securities and Capital Markets (India) Private Limited
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
- Centrum Capital Limited
