Digital lending platform Kissht is preparing for its initial public offering. The IPO is scheduled to launch on April 30. Kissht aims to raise Rs 926 crore through this offering. The company has set a price band of Rs 162 to Rs 171 per share.

Kissht to launch Rs 926 crore IPO on April 30; targets Rs 3,026 crore valuation

Synopsis

Digital lending platform Kissht is preparing for its initial public offering. The IPO is scheduled to launch on April 30. Kissht aims to raise Rs 926 crore through this offering. The company has set a price band of Rs 162 to Rs 171 per share.

Digital lending platform Kissht is set to launch its initial public offering (IPO) on April 30, aiming to raise Rs 926 crore at a post-money valuation of Rs 3,026 crore at the upper end of the price band.

The company has set a price band at Rs 162–171 per share, according to a newspaper advertisement. The IPO comprises a fresh issue of Rs 850 crore and an offer for sale (OFS) of 4.4 million shares translating to Rs 76 crore.

The revised structure marks a reduction from the company’s earlier plan, which included a Rs 1,000 crore fresh issue and an OFS of 8.8 million shares.

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