Kissht makes stock market debut at 12% premium over IPO price

Mumbai-basically based digital lending startup Kissht, mosey by OnEMI Expertise Alternate strategies, listed on the BSE on the present time at Rs 191 per part, practically 12% larger than the yelp label of Rs 171. It climbed extra to end at Rs 208, giving the firm a market cap of Rs 3,511 crore.

Vertex Ventures, Endiya Partners, and Ventureast — amongst the firm’s early backers — sold a part of their holdings at a top rate by intention of the OFS (offer on the market) route of the IPO, and are sitting on necessary paper positive aspects on their final stake. Others who sold their shares likewise are Ammar Sdn Bhd, and Aion Advisory. Whereas Ammar Sdn sold 1.1 million shares, Vertex sold around 1.6 million, and Ventureast around 700,000 shares.

Their weighted realistic payment of acquisition of the shares stood between Rs seventy nine to Rs 124, according to disclosures made by the firm in its purple herring prospectus (RHP).

Even on the itemizing label of Rs 191, the total merchants stand to procure obtained very much from their wager on the firm. Kissht had raised around $133 million earlier than the IPO.

The firm’s public yelp used to be starting up for subscription from April 30 to Would possibly well possibly possibly also simply 5, with a label band of Rs 162-171 and a minimum investment of Rs 14,094 for an excellent deal of 87 shares.

“At Endiya Partners, we wrote the first institutional cheque for Kissht in 2017, when mass-market digital lending used to be mute at a truly early stage,” said Sateesh Andra, managing director, Endiya Partners.

Founded in 2015 by extinct McKinsey executives Ranvir Singh and Krishnan Vishwanathan, Kissht started as a consumer lending platform focussed on checkout finance. It has since expanded into quick deepest loans by intention of each and each its get stability sheet and partnerships with around 38 lenders.

Earlier than its IPO, Kissht raised Rs 278 crore (around $30 million) from 22 anchor merchants. The anchor round noticed participation from a combination of domestic mutual funds and international institutional merchants, including HDFC Mutual Fund, ICICI Prudential Mutual Fund, WhiteOak Capital, Goldman Sachs, Citigroup, and BNP Paribas.

The firm has witnessed snappily enhance in most modern years. Its property below administration (AUM) rose from around Rs 1,267 crore in FY23 to Rs 5,955 crore within the first nine months of FY26. Income from operations elevated from Rs 984 crore to Rs 1,675 crore within the course of the an analogous duration, whereas procure profit rose to Rs 197 crore within the December quarter of FY26 from Rs 27.7 crore in FY23.