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Ammar Sdn Bhd, one of Kissh’t biggest shareholders, raked in ₹19.8 Cr by offloading 11.56 Lakh shares via the OFS at the top end of the price band of ₹162-₹171

Ventureast, another early investor, sold Kissht shares held via four different funds, posting a total return of ₹15.4 Cr

Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht is a lending tech platform that offers personal and business loans of up to ₹5 Lakh with minimal documentation digitally

Lending tech startup Kissht’s parent OnEMI Technology Solutions is all set to list on the bourses tomorrow after its IPO was oversubscribed 9.5X. The company’s early investors have booked notable gains on their investments by offloading a part of their holdings in the IPO.

Ammar Sdn Bhd, one of Kissh’t biggest shareholders, raked in ₹19.8 Cr by offloading 11.56 Lakh shares via the OFS at the top end of the price band of ₹162-₹171. This translated to a 1.4X return on the initial investment. Post the sale, Ammar Sdn Bhd owns 1.45 Cr shares of Whose worth ₹248 Cr at ₹171 per share.

Kissht’s IPO comprised a fresh issue of ₹850 Cr and an offer-for-sale (OFS) component of up to 44.4 Lakh shares worth ₹75.9 Cr. At the upper end of the IPO price band, the company was valued at nearly ₹2,881 Cr (about $294.3 Mn).

Singapore-based Vertex Ventures, one of its earliest backers, raked in significant returns by selling shares worth ₹29.2 Cr across three funds. The VC firm offloaded 7.92 Lakh shares worth ₹13.5 Cr held by its South East Asia Fund III, marking a 2.1X return on its initial investment. It also sold 9.13 Lakh shares worth ₹15.6 Cr held equally across its Growth Fund I & II, marking a 1.4X return on investments through these funds. It now holds a combined 2.8 Cr across the three funds, valued at ₹472 Cr.

Ventureast, another early investor, sold Kissht shares held via four different funds, posting a total return of ₹15.4 Cr. It emerged as the biggest gainer in terms of return multiple, with three of the four funds posting a 10.9X return on their initial investments.

Its best performing fund for the Kissht IPO was the Proactive Fund LLC, which sold 2.64 Lakh shares worth ₹4.5 Cr.

Meanwhile, AION Advisory Services walked away with ₹2.4 Cr from the IPO after selling 1.38 Lakh shares, translating to a 1.4X return on investment. Endiya Partners, on the other hand, posted a 4.7X gain by selling 5.35 Lakh shares worth ₹9.2 Cr. It continues to hold 67.28 Lakh shares of Kissht worth ₹115 Cr.

Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht is a lending tech platform that offers personal and business loans of up to ₹5 Lakh with minimal documentation digitally. It also offers health- insurance products and secured loans through loans against property.

In the first three quarters of FY26, Kissht reported a profit after tax (PAT) of ₹199.3 Cr on an operating revenue of ₹1,569.9 Cr. Including other income of ₹24 Cr, the startup’s total revenue for the nine-month period stood at ₹1,594 Cr. Its revenue streams include interest income, fees and commission, marketing, commission and rewards earned through solicitation of insurance products and policies.

In FY25, its profit declined about 18% to ₹160.6 Cr from ₹197.3 Cr in the previous fiscal year.

Following its listing, OnEMI will become the sixth new-age tech company to go public in 2026.