Kissht IPO 2026 Review: Should You Buy? GMP, Risks & Financial Analysis

Opens: April 30, 2026, Closes : May 5, 2026, Listing: May 8, 2026

IPO size: ₹926 Cr total issue

Price band : ₹162 - 171 per share

Valuation : ₹2,881 cr At upper band

Revenue : ₹1,560 Cr Apr-Dec 2025

By Team BuyUnlistedShares Research Desk

What is Kissht?

The App That Gives Indians Quick Credit — Without the Bank Queue

If you've ever needed a small loan quickly — to buy a phone on EMI, cover an emergency, or finance a purchase — Kissht is the kind of app built for exactly that. It's a digital lending platform that lets you apply for credit, get approved, and receive funds without stepping into a bank.

Instead of human loan officers and weeks of paperwork, Kissht uses technology-driven underwriting — algorithms that assess your creditworthiness quickly and disburse funds fast. Think of it as a fintech shortcut to credit for everyday Indians.

Kissht operates across multiple consumer finance segments, serving customers who may have limited access to traditional bank credit — a large and underserved market in India.

OnEMI Technology Solutions — The Company Behind the Brand

Kissht is the consumer-facing name you see. Behind it sits OnEMI Technology Solutions, the registered company that actually runs the business. Founded in 2016 and headquartered in Mumbai, OnEMI operates Kissht as its flagship product and generates its revenue primarily through digital lending.

The company also has a subsidiary called Si Creva, which plays a key role in its lending operations — and a big chunk of the IPO money is earmarked to fund it (more on that below).

IPO Structure

How the ₹926 Crore Issue is Split

The IPO has two components — a fresh issue and an offer for sale. Here's where the money goes:

Si Creva (subsidiary) : ₹637.5 Cr

Offer for Sale (exits) : ₹75.9 Cr

General corporate use : Remaining

The majority of fresh capital — ₹637.5 crore — will flow into Si Creva to support business expansion. The offer-for-sale component allows some existing investors to partially exit.

IPO Timeline at a Glance

• April 29, 2026

Anchor investor book opens (1 day only)

• April 30 – May 5, 2026

IPO open for public subscription

• May 6, 2026

Share allotment finalised

• May 8, 2026

Shares list on stock exchanges

Shareholding Before the IPO

The company has a clear split between its founders and institutional investors. Notably, Temasek Holdings — Singapore's prestigious sovereign wealth fund — is the largest external backer, which lends significant credibility to the company.

Ranvir Singh & Krishnan Vishwanathan (Promoters) : 32.3%

Vertex Holdings (Temasek subsidiary) : 22.68%

Ammar Sdn Bhd : 12.13%

Other public shareholders : 32.89%

Is the Company Actually Profitable?

One of the most important questions for any IPO investor — and the answer here is encouraging. For the nine months ended December 2025:

Revenue : ₹1,560 Cr (9 months, Apr-Dec 2025)

Net Profit : ₹199.2 Profitable heading into listing

A profit of ₹199.2 crore on ₹1,560 crore of revenue suggests a profit margin of roughly 13% — decent for a digital lending business. Unlike many Indian fintech IPOs in recent years, this company is not burning cash at the time of listing.

Strengths & Risks to Consider

Who is Managing the IPO?

The IPO is being managed by a strong set of merchant bankers, adding to investor confidence:

• JM Financial,
• HSBC Securities,
• Nuvama Wealth Management,
• SBI Capital Markets,
• Centrum Broking

Disclaimer:

This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information as of April 2026. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.