Analysis · Financial Services

Kissht IPO 60% subscribed on day 2

By Startup Enthusiast · 5 May 2026

Date: 5 May 2026
Company: Kissht
What it does: Lending technology platform
Kind: Analysis
Amount: ₹850 Cr
Stage: ipo
Founded: 2015
Sector: Financial Services

What they do

Kissht is a lending tech platform offering digital personal and business loans, health insurance, and secured loans

What happened

Its IPO, with a fresh issue of up to ₹850 Cr and an OFS of 44.4 lakh shares, was 60% subscribed on day 2

Why it matters

Qualified institutional buyers oversubscribed 1.45 times, but retail subscription was only 0.16 times; the IPO price band is ₹162-171, valuing the company…

The details

Kissht's IPO was 60% subscribed on day 2, with bids for 2.38 crore shares against 3.97 crore shares on offer.
The IPO includes a fresh issue of up to ₹850 crore and an offer for sale (OFS) of up to 44.4 lakh shares.
The price band is ₹162-171 per share, giving a valuation of about ₹2,881 crore at the upper end.
Qualified institutional buyers (QIBs) oversubscribed their portion by 1.45 times.
Non-institutional investors (NIIs) subscribed 0.5 times the shares reserved for them.
Retail investors subscribed only 0.16 times the shares set aside for them.

The bigger picture

The IPO is a major milestone for Kissht, a lending tech platform founded in 2015.
The strong QIB interest contrasts with weak retail demand, indicating institutional confidence.
The IPO proceeds will help Kissht expand its lending business and strengthen its balance sheet.

About the business

Kissht is a lending technology platform that provides digital personal and business loans.
It also offers health insurance and secured loans against property.
The company uses technology to underwrite and disburse loans quickly to individuals and small businesses.
Kissht was founded in 2015 and has grown to serve millions of customers across India.

The deal

Type: IPO

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