Ahead Of IPO, Kissht Cofounders Bought Shares Worth Over ₹40 Cr

The cofounders of IPO-bound OnEMI Technology Solutions, the parent of lending tech startup Kissht, acquired shares worth over ₹400 Cr from existing investors via secondary transactions last month, according to the startup’s RHP.

The transactions took place on March 4. Cofounder and CEO Ranvir Singh bought about 17.7 Lakh shares across two transactions for a total consideration of about ₹35.5 Cr. The shares were purchased from Kissht cofounder Abhijit Bhandari and AION Advisory Services.

Bhandari is no longer associated with the startup in an executive role. He now holds a 1.22% stake in the startup, down from 1.8% at the time of filing the DRHP.

Meanwhile, cofounder and CFO Krishnan Vishwanathan acquired about 2.6 Lakh shares for around ₹5.3 Cr from Vertex Ventures SEA Fund III and VenturEast SEDCO Proactive Fund.

All the transactions took place at a price of about ₹201 per share. This was higher than the startup’s price band of ₹162-171 for its IPO, which opens on April 30 (Thursday). 

The secondary transactions was most likely the reason behind Kissht’s OFS component size halving to about 44.4 Lakh shares from 88.8 Lakh shares proposed in the DRHP. The size of the fresh issue has also been reduced to ₹850 Cr from ₹1,000 Cr earlier.   

Following the secondary transactions, the stake of Singh and Vishwanathan in the startup rose to 18.8% and 13.5%, respectively, as per the RHP. According to the DRHP, Singh held a 17.5% stake in the startup and Vishwanathan had a 13.4% stake.

Founded in 2015, 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-related insurance products and secured loans such as loans against property.

The startup filed its DRHP in August 2025 and received SEBI approval for the IPO in January 2026.

The anchor bidding for the public issue will take place on April 29, with the shares expected to list on the exchanges on May 8.

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. In FY25, its PAT declined about 18% to ₹160.6 Cr from ₹197.3 Cr in the previous fiscal year, while operating revenue fell over 20% to ₹1,337.5 Cr from ₹1,674.5 Cr in FY24.

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