Ahead of the commencement of the bidding for its public issue on April 30, lending tech startup Kissht's parent OnEMI Technology Solutions has raised ₹277.8 Cr from anchor investors.
The startup allotted 1.62 Cr equity shares to anchor investors at a price of ₹171 per share, the upper band of its price spectrum.
Of the total, 92.6 Lakh shares, or 57% of the total anchor round, were picked up by seven domestic mutual funds via a total of 13 schemes. The domestic mutual funds that anchored the round included HDFC Mutual Fund, ICICI Prudential, Whiteoak Capital, Bandhan Bank, among others.
Other investors who participated in the round included Goldman Sachs, New York State Teachers Retirement System, BNP Paribas, Citigroup, among others.
With this, the company's IPO will now go live on April 30 and close on May 5.
The lending tech startup's public issue comprises a fresh issue of shares worth up to ₹850 Cr and an offer for sale (OFS) component of 44.4 Lakh shares. At the upper end of its ₹162 to ₹171 price band, the IPO will value the company at about ₹2,881 Cr (about $294.3 Mn).
Notably, existing investors, including Vertex Ventures, Endiya Partners and Ventureast, will partially offload their holdings via the OFS component.
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht is a lending tech platform that offers digital personal and business loans of up to ₹5 Lakh. It also offers health-related insurance products and secured loans through loans against property.
Ahead of the IPO, cofounders offloaded their shares worth ₹40 Cr in March, at around ₹201 apiece. Following which the stake of Singh and Vishwanathan in the company rose to 18.8% and 13.5%, respectively, as per the RHP.
Kissht had filed its draft IPO papers in August 2025 and received SEBI approval in January 2026.
On the financial front, the company reported a PAT ₹199.3 Cr in the first nine months of FY26 (9M FY26). Its operating revenue for the period stood at ₹1,569.9 Cr.
Meanwhile, its FY25 PAT declined by about 18% to ₹160.6 Cr from ₹197.3 Cr. Its operating revenue fell over 20% to ₹1,337.5 Cr from ₹1,674.5 Cr in FY24.