Digital lending platform Kissht, operated by OnEMI Technology Solutions, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise up to ₹1,000 crore through a fresh issue of shares.The IPO will also include an offer-for-sale (OFS) of 8.88 million equity shares by early investors, including Vertex Ventures, Ventureast, Endiya Seed, AION Advisory, and Ammar Sdn Bhd. Vertex Ventures plans to sell 39.4 lakh shares, while Ammar Sdn Bhd will offload 20.89 lakh shares.Mintreported first in April that Kissht had hired ICICI Securities, UBS Securities India, and Motilal Oswal for its initial public offering process and was planning to launch an IPO.Also Read | Shreeji Shipping Global IPO sees healthy demand on Day 1Of the fresh issue proceeds, ₹750 crore will be infused into Kissht’s NBFC subsidiary, Si Creva, with the remaining ₹250 crore earmarked for general corporate purposes. The company is also considering a pre-IPO placement of up to ₹200 crore, which will reduce the size of the public offer.Kissht, founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, provides small-ticket consumer loans and has grown rapidly through merchant partnerships in electronics, fashion, travel, and other categories. As of March 2025, it had a registered user base of 53.2 million, served over 9 million customers, and had 1.9 million active borrowers.The company reported operating revenue of ₹1,337 crore in FY25 and a net profit of ₹160 crore, reflecting an 18% decline year over year.Also Read | Mangal Electrical Industries raises ₹120 crore from anchor investorsThe IPO will be managed byICICI Securities, UBS Securities India, Motilal Oswal,JM Financial, HSBC Securities, Nuvama Wealth, SBI Capital, andCentrum Capital, with KFin Technologies acting as registrar. Kissht is among the first digital lending startups to file its DRHP, signalling growing interest in India’s fintech space.India’s digital lending market, valued at approximately ₹1.2 trillion in 2022, is projected to grow to over ₹28 trillion by 2025, driven by the growing demand for small-ticket loans and increased financial digitization, according to a report by International Journal of Research Publication and Reviews (IJRPR).However, the sector faces challenges. As of March 2025, loans overdue by more than 90 days rose to 3.6%—the highest in six quarters—according to the Fintech Association for Consumer Empowerment (FACE). Delinquencies are higher among younger borrowers and in Tier-3 cities and rural areas.Also Read | Vikram Solar IPO subscribed 1.57 times; retail, NII portions fully booked in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Kissht has submitted its Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO) valued at ₹1,000 crore, allowing early investors to make a partial exit.
