Online Lending Platform Kissht Prepares for $225 Million IPO

Kissht, an online lending platform, is preparing to tap the capital markets with an initial public offering and has hired investment bankers for the process, two people aware of the development told Mint.

- Mansi Verma

MUMBAI:

The company hired ICICI Securities, UBS Securities India Private Limited and Motilal Oswal Investment Banking and is finalising a fourth banker, one person said. Kissht is likely to file pre-IPO documents with the regulator by June, planning to raise $225 million (₹1,926 crore), the person added.

"The IPO will be a mix of primary and secondary share sales, with 75% expected to be primary capital raised to fund growth and new business lines," the person said, requesting anonymity.