Kissht Board Approves ₹832 Cr Preferential Issue Post-IPO
Listed NBFC Kissht has secured board approval to raise up to ₹832.2 Cr through a preferential issue of equity shares to 34 investors and entities.
The board approved the issuance of 2.6 Cr fully paid-up equity shares at an issue price of ₹314.11 apiece. The allotment remains subject to regulatory and shareholder approval, and the company has convened an extraordinary general meeting to seek approval for the preferential issue. How the fresh proceeds will be utilised was not disclosed.
“Funds raising by way of a preferential issue on a private placement basis of up to 2,64,93,882 fully paid-up equity shares of the company… for cash, at an issue price of ₹314.11 per share… for an amount aggregating to ₹832.19 Cr to identified investors (non-promoters), in accordance with the provisions of… applicable laws….,” read the filing.
Among the allottees, Axis Flexi Cap Fund, Axis Multi Cap Fund, and Axis Small Cap Fund together will receive 63.7 Lakh shares worth nearly ₹200 Cr. Massachusetts Institute of Technology, via two entities, will be allotted 27.1 Lakh shares totalling ₹85 Cr.
Envision Capital will receive 12.7 Lakh shares valued at nearly ₹40 Cr, while PE firm First Bridge will receive 12.1 Lakh shares for ₹20 Cr. Kissht will also allot 23.9 Lakh shares to three entities linked to Ashoka WhiteOak Capital for nearly ₹75 Cr. Other investors include 360 One, Alchemy Capital, Groww, Bandhan Small Cap Fund, and Unity Small Finance Bank, among others.
Ameeta Rajendra Naik will receive 63,671 shares worth ₹2 Cr, while Anil Shah will receive 1.6 Lakh shares valued at nearly ₹5 Cr.
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The fundraise comes barely four months after Kissht’s public listing, where it debuted at an 11.7% premium on the BSE compared to its issue price of ₹171. The IPO comprised a ₹850 Cr fresh issue and an OFS component totalling ₹76 Cr.
What Kissht Does
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht is a lending tech platform offering digital personal and business loans of up to ₹5 Lakh. It also offers health-related insurance products and secured loans through loans against property.
In July, Kissht received regulatory approval to begin distributing mutual funds through its wholly-owned subsidiary Invincible Minds.
At the end of June 2026, Kissht had 45+ active lending and co-lending partners. It operated 101 offline branches across eight states and union territories, and its active customer base more than doubled year-on-year to 3.49 Mn in Q1 FY27.
Kissht’s consolidated net profit increased 59% to ₹95.1 Cr in Q1 FY27 from ₹59.7 Cr in the year-ago quarter. Its operating revenue increased nearly 45% to ₹669.5 Cr during the quarter from ₹463.1 Cr in Q1 FY26.
Shares of Kissht closed Thursday’s trading session 5.08% higher at ₹359.7 on the BSE.
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