Kissht Makes Robust Debut, Shares List At 12% Premium

Shares of lending tech startup Kissht’s parent OnEMI Technology Solutions made a strong debut on the bourses today, with the shares listing at ₹191 a piece on the BSE. This was a premium of 11.7% to the issue price of ₹171.

The stock got listed at ₹190 on the NSE, up 11.1% from the issue price.

Following the listing, the stock rose further and was trading at ₹196.20 on the BSE at 10:05 IST. This was nearly 15% above the issue price of ₹171. The company’s market capitalisation stood at around ₹3,300 Cr (about $349 Mn) at the time.

Kissht had set a price band of ₹162-₹171 for the public issue. Its IPO, which comprised a fresh issue of ₹850 Cr and an offer-for-sale (OFS) component of up to 44.4 Lakh shares worth ₹75.9 Cr, was oversubscribed 9.5X.

Ammar Sdn Bhd, one of Kissh’t biggest shareholders, raked in ₹19.8 Cr by offloading 11.56 Lakh shares via the OFS at the top end of the price band. Other selling investors included Vertex Venture and Venturest, with both VCs offloading shares held across multiple funds. AION Advisory Services and Endiya Partners also sold shares through the OFS.

Ahead of the IPO, the company raised ₹277.8 Cr from anchor investors like HDFC Mutual Fund, ICICI Prudential, Whiteoak Capital, Bandhan Bank, Goldman Sachs, New York State Teachers Retirement System, BNP Paribas, Citigroup, among others.

Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht is a lending tech platform that offers personal and business loans of up to ₹5 Lakh with minimal documentation digitally. It also offers health-related insurance products and secured loans through loans against property.

In the first three quarters of FY26, Kissht reported a profit after tax (PAT) of ₹199.3 Cr on an operating revenue of ₹1,569.9 Cr. Including other income of ₹24 Cr, the company’s total revenue for the nine-month period stood at ₹1,594 Cr. Its revenue streams include interest income, fees and commission, marketing, commission and rewards earned through solicitation of insurance products and policies.

In FY25, its profit declined about 18% to ₹160.6 Cr from ₹197.3 Cr in the previous fiscal year.

With the listing, OnEMI has become the sixth new-age tech company to go public in 2026.

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