Kissht is a fintech company; if you have never heard of it before, it gives digital loans via its app to salaried and self-employed members. The company runs under Onemi Technology Solutions and is financially backed by Temasek Holdings (a prominent investment fund owned by Singapore’s government). Kissht wants to raise funds through an IPO (Initial Public Offering). It filed papers for about ₹1,000 crore worth of new shares and 88.8 lakh shares via Offer for Sale (OFS). The company saw an 18.6% (March 2025) dip in its profits. Should that mean you shouldn’t invest? Or does the company have any strategic plans to up their revenue game? Know more.
IPO Size and Details
The company aims to raise ₹1,000 crore through new shares, with the funds going directly to the company.
Additionally, about 88.8 lakh shares are being offered for sale (OFS). This indicates that early investors want to sell their shares and make a partial exit.
Who Owns Kissht Right Now?
Promoters (53.67%)
- 53.67% rests in the hands of promoters, two prime names are Ranvir Singh & Krishnan Vishwanathan, holding about 30.89% combined.
- Other classified promoters hold the remaining 22.78.
Investors (46.33%)
Some popular investors who will sell their shares include
- Temasek (via Vertex)
- Sistema PJSFC (Russia)
- Endiya Trust
- VenturEast
- AION Advisory Services
Any Pre-IPO Placement?
Notably, the company plans to raise about ₹200 crore through a “pre-IPO placement.” If you’re unfamiliar, it means the company will sell some shares to private investors before going public. If that happens, the ₹1,000 crore will be reduced by that amount.
Where Will Kissht Invest This Money?
About ₹750 crore, the company will invest in its lending subsidiary, Si Creva Capital Services. It’s a middle-layer NBFC that offers unsecured personal loans to salaried and self-employed individuals.
The purpose of this investment is to increase Si Creva’s capital, enabling more loans and expansion. The remaining 750 will go into general corporate purposes, such as office expansions, salaries, maintenance, etc.
Which Merchant Bankers Are Handling the IPO?
- JM Financial
- HSBC Securities & Capital Markets (India)
- Nuvama Wealth Management
- SBI Capital Markets
- Centrum Capital
Kissht’s Financial Outlook in the Recent Past
- The company was founded in 2016 and holds a loanbook of 19 lakh active customers.
- Currently, the company’s AUM (Assets Under Management) is ₹4,086.6 crore as of March 2025, up from ₹2,604.2 crore in FY24.
- Its loan disbursements declined by 46.8% to ₹9,857.8 crore in March 2025. Profit decreased by 18.6% to ₹160.6 crore in March 2025.
- Additionally, its revenue from operations dropped 20.1% to ₹1,337.5 crore.
Why an Investment Caution Might Be Wise?
The drop in profits (18% compared to FY24), increased competition in the fintech space, and macro risks aren’t that promising for secure-type investors. However, Kissht’s scalability, tech edge, and institutional backing can appeal to risk-tolerant investors.
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