Lending tech startup Kissht has received regulatory approval from SEBI to proceed with its initial public offering.
According to the SEBI website update on January 8, the regulator issued observations to Kissht’s parent company, OnEMI Technology, signaling the green light for the startup’s public listing.
The approval comes after Kissht filed its draft red herring prospectus (DRHP) in August 2025 to raise up to INR 1,000 crore through a fresh issue.
IPO Structure and Offer-for-Sale Component
Kissht’s upcoming IPO will not only include a fresh issue but also an offer-for-sale (OFS) of up to 88.8 lakh shares.
Stakeholders Participating in OFS
Prominent investors, including Vertex Ventures, Endiya Partners, and Ventureast, are expected to pare their holdings as part of the OFS.
This structure allows early backers to partially exit while the company raises new capital to fuel growth.
Company Background and Operations
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht is a digital lending platform offering personal and business loans of up to INR 5 lakh with minimal documentation.
Diverse Product Portfolio
- Personal and business loans
- Secured loans via loans against property
- Health-related insurance products
Kissht operates a hybrid model, providing loans through 62 branches across six states and one Union Territory while maintaining a strong digital lending platform.
Funding and Market Position
The startup has raised more than $142 million to date and competes with fintech players like Kreditbee, Fibe, Navi Finserv, Moneyview, and Lendingkart.
Transition to a Public Entity
In preparation for its IPO, Kissht converted into a public company in July last year and changed its name to OnEMI Technology Solutions Ltd from OnEMI Technology Solutions Pvt Ltd.
This move aligns with regulatory requirements for public listings and sets the stage for its debut on India’s stock markets.
Looking Ahead
With SEBI’s approval in place, Kissht is now positioned to proceed with its IPO, offering both a fresh issue and a secondary sale for early investors.
The public listing will allow Kissht to expand its loan offerings, enhance its digital infrastructure, and strengthen its footprint across India’s growing lending market.
As the fintech sector continues to attract investor attention, Kissht’s IPO is expected to be closely watched by market participants.
