From Revenue Dip To ₹850 Cr IPO: How Kissht Turned It Around

SUMMARY

• Kissht is pushing ahead with its IPO in a volatile market, arguing that internal readiness not external timing should drive listing decisions
• A deliberate shift toward longer-tenure, higher-yield loans and tighter underwriting has slowed revenue growth but strengthened profitability and asset quality
• With regulatory scrutiny rising in digital lending, Kissht is betting on disciplined growth, diversified products, and risk controls to sustain scale post-listing

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At a time when some of the prominent new-age firms in India have been recalibrating their decisions of listing in public markets, Kissht chose a different path.

A day before subscriptions for its initial public offering opened, the company had already signalled confidence. On April 29, anchor investors committed ₹277.78 Cr to the IPO, with the company allocating 1,62,44,216 equity shares at ₹171 per share — the top of its price band.