Kissht, the digital lending platform operated by OnEMI Technology Solutions, is set to launch its much-awaited IPO on April 30, 2026, opening a fresh opportunity for investors interested in India’s fintech and consumer lending space. The issue is priced in the band of ₹162 to ₹171 per share, and the company is aiming to raise about ₹926 crore through a mix of fresh issue and offer for sale.
Kissht (OnEMI Technology Solutions) IPO Details
Kissht has grown into one of India’s known digital lending brands, offering small-ticket consumer loans through a tech-led platform. The company has built its business around lending partnerships across consumer categories such as electronics, fashion, and travel, while also using a large registered user base to scale its lending ecosystem
The IPO is expected to include a fresh issue of ₹850 crore and an offer for sale of ₹75.92 crore, based on the revised structure reported in the latest updates. At the upper price band, the issue values the company at around ₹2,881 crore to ₹3,062 crore, depending on the final structure and valuation assumptions.
Key IPO details
Here are the major details investors should know:
- IPO opening date: April 30, 2026.
- IPO closing date: May 5, 2026.
- Price band: ₹162 to ₹171 per share.
- Issue size: Around ₹926 crore.
- Face Value: ₹1 per share
- Listing exchanges: NSE and BSE.
- Listing date: May 8, 2026.
- Market Cap (Pre-IPO) :- ₹2,881.06 Cr
The company had earlier proposed a larger issue, but the final structure has been trimmed down from the initial DRHP version. That makes the current IPO more focused on capital raising for business growth rather than a large promoter exit.
What Kissht does
Kissht operates as a digital lending platform that offers consumer credit through technology-driven processes and partner integrations. Its model is designed to serve customers who need quick access to loans for everyday consumption and purchase financing.
The company has expanded across categories and partnerships, and the IPO proceeds are expected to support business expansion and capital requirements of its lending subsidiary, Si Creva. That makes the IPO particularly relevant for investors who want exposure to India’s digital lending and fintech growth story.
Company Financials (Restated Consolidated)
|
Period Ended |
31 Dec 2025 |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
3,568.78 |
2,701.10 |
1,796.53 |
1,275.20 |
|
|
1,583.93 |
1,352.69 |
1,700.30 |
1,001.51 |
|
|
199.27 |
160.62 |
197.29 |
27.67 |
|
|
488.45 |
403.37 |
358.96 |
97.71 |
|
|
1,254.34 |
1,005.99 |
804.57 |
566.23 |
|
|
1,242.32 |
995.32 |
794.50 |
556.17 |
|
|
2,047.52 |
1,507.58 |
784.30 |
387.89 |
|
|
Amount in ₹ Crore |
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IPO Objects of the Issue
- Augmenting the capital base of Subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of Subsidiary, Si Crevas, business
- General Corporate Purposes
IPO Lot Size
Investors can bid for a minimum of 87 shares and in multiples thereof.
Why investors are watching
Kissht is entering the market at a time when fintech lending continues to attract interest, especially from investors looking at platform-led financial businesses. The company’s strong user base, digital model, and lending partnerships make it a notable IPO in the new-age fintech segment.
At the same time, investors will closely evaluate credit risk, borrower quality, regulatory exposure, and profitability sustainability. In a lending business, growth is important, but asset quality and collection discipline matter just as much.
IPO outlook
The IPO will likely draw attention from both growth investors and those tracking the Indian fintech sector. Since the issue is backed by a known brand and comes at a time of strong primary market interest, subscription levels will be a major signal of investor sentiment.
For retail investors, the main question will be whether the valuation is attractive enough compared with the company’s growth potential and risk profile. For long-term investors, the appeal lies in exposure to a digital lending platform with scale ambitions.
