Digital-lending platform Kissht witnessed a robust start to its journey as a public company on Friday. Shares of the parent entity, OnEMI Technology Solutions, listed on the BSE at ₹191—a 12% premium over the IPO price of ₹171. Market enthusiasm continued during morning trade as the stock climbed further to approximately ₹210, pushing the company’s total market valuation to roughly ₹3,532 crore.
The successful listing follows an IPO that was subscribed more than nine times, fueled largely by aggressive bidding from qualified institutional buyers. The company raised approximately ₹926 crore, intended to bolster its capital base as it continues to penetrate India’s vast underserved credit market. Founded in 2016 by Ranvir Singh and Krishnan Vishwanathan, Kissht has evolved from a niche startup into a significant financial player, serving over 11 million customers with a mobile-first lending approach.
Kissht’s rapid growth is backed by a proprietary underwriting engine that utilizes 400 variables to assess risk, allowing for loan decisions in under 10 minutes. This technology has enabled the company to grow its assets under management (AUM) at a staggering 80% compound annual growth rate, reaching ₹5,956 crore by late 2025. While the company saw a slight dip in profit and total income in FY25 due to a strategic shift toward longer-tenor and higher-ticket loans, its low acquisition costs—driven by organic referrals—remain a key competitive advantage.
Having successfully navigated regulatory shifts and industry disruptions, Kissht has restructured its operations around its NBFC subsidiary, SiCreva. The listing marks a milestone not only for the founders but also for early backers like Endiya Partners and Vertex Venture, who bet on the founders’ vision of using data to bring formal credit to middle-income borrowers. As the digital-credit boom in India intensifies, Kissht’s successful debut underscores the growing investor confidence in technology-led financial inclusion.
