Kissht files DRHP for ₹1,000 crore IPO, early investors to partially exit

The Digital Credit Platform Kisshtt, operated by important Technology Solutions, raised the draft red herbal garden Prospectus (DRHP) to the Indian securities and the stock exchange board (Sebı). La1,000 Crore with a new number of shares.

The public offering is also the Vertex Ventures, Ventureast, Indiya Seed, AION Consultancy and Ammar SDN BHD, including an offer (Of), 39.4 Lakh shares, while the ammar SDN BHD 20.89 Lake BHD 20.89 Lake BHD.

MintFirstly in April, Kisshtt reported that Icıcı Securities, UBS Securities India and Motilal Oswal for the first public offering process and planned to start a public offering.

The progress of the new problem, La750 Crore will be left to Kissht’s NBFC subsidiary, Si Creva. La250 Crore was reserved for general institutional purposes. The company also thinks of a pre -IPO settlement. La200 Crore will reduce the magnitude of the public offer.

Rapid growth

Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht offers small ticket consumer loans and grew rapidly through commercial partnerships in electronic, fashion, travel and other categories. As of March 2025, there was a 53.2 million registered user base, serving more than 9 million customers and there were 1.9 million active debtors.

Company reported business income La1,337 crore and net profit in FY25 La160 Crore reflects a decrease of 18% from year to year.

The public offering will be managed to act as a registration company of bycı Securities, UBS Securities India, Motilal Oswal, JM Financial, HSBC Securities, Nuvama wealth, SBI Capital and Capital Capital, Kfin Technologies. Kisshtt shows the increasing interest in India’s fintech among the first digital credit initiatives that files DRHP.

India’s digital credit market has approximate value La1.2 trillion in 2022 is expected to grow LaAccording to the International Research Magazine Publication and Investigations (IJRPR) report, until 2025, 28 trillion until 2025, increasing small ticket loans and increasing financial digitalization demand.

But the sector faces difficulties. As of March 2025, delayed loans for more than 90 days rose to 3.6% – to the highest level in six quarters, according to the Fintech Consumer Empowerment Association (Face). Defaults are higher among young debtors and in cities 3 and in rural areas.