Kissht Digital Lending Platform Secures Rs 278 Crore in Anchor Investment

Based in India, the digital lending platform Kissht, managed by OnEMI Technology Solutions, has successfully raised Rs 278 crore from 22 anchor investors at a price of Rs 171 per share as of April 29. This significant anchor round comes just one day before the company’s IPO subscription opening on April 30.

Details of the Anchor Investment

According to the company’s results disclosed to the stock exchange, 1.62 crore equity shares have been allocated to anchor investors at Rs 171 per share, contributing to a total of Rs 278 crore. Remarkably, out of this total allocation, 92.58 lakh shares, accounting for 57%, were distributed among seven domestic mutual funds across 13 schemes, amounting to Rs 158.32 crore.

Key Investors and Financial Backers

The list of prominent anchor investors includes domestic mutual funds like HDFC MF, ICICI Prudential, WhiteOak Capital, Bandhan, Quant MF, Tata Banking & Financial Services, and Sundaram MF. Additionally, notable global institutions such as Goldman Sachs, Citigroup, and BNP Paribas are involved.

Management of the IPO

The initial public offering is being overseen by trusted financial firms, including JM Financial, HSBC Securities, Nuvama Wealth, SBI Capital, and Centrum Capital. KFin Technologies will fulfil the role of registrar for the offering.

Revised Issue Size

According to its Red Herring Prospectus (RHP), Kissht has adjusted the size of its fresh issuance to Rs 850 crore, a reduction from the previously proposed Rs 1,000 crore stated in its earlier draft RHP filed in August 2025. Furthermore, the offer for sale has been scaled back to 4.4 million equity shares from 8.8 million shares, now valued at approximately Rs 76 crore.

Stake Offloading by Existing Investors

Existing stakeholders, including Vertex Ventures, Ammar Sdn Bhd, Endiya Seed Co-creation Fund, and AION Advisory, are set to partially sell their stakes as part of the offering.

Kissht’s Business Performance

Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht specialises in providing small-ticket consumer loans and has seen significant growth through partnerships with merchants across electronics, fashion, travel, and other sectors. Financially, for the nine-month period ending December 2025, Kissht reported an operating revenue of Rs 1,560 crore with a net profit of Rs 199 crore. In FY25, the company’s operating revenue was Rs 1,337 crore, with a net profit of Rs 160 crore.