Kissht Gets Board Nod To Raise ₹832 Cr Via Preferential Issue

Listed NBFC Kissht has received board approval to raise ₹832.2 Cr through a preferential issue of equity shares to 34 investors. The company disclosed that it plans to issue 2.6 Cr fully paid-up equity shares at ₹314.11 per share. The allotment is awaiting regulatory and shareholder approval. Kissht will convene an extraordinary general meeting to seek shareholder approval for the preferential issue.

The fresh funds will be utilized without disclosure by the company. Among investors, Axis Flexi Cap Fund, Axis Multi Cap Fund and Axis Small Cap Fund will receive 63.7 Lakh shares worth ₹200 Cr. Massachusetts Institute of Technology entities will get 27.1 Lakh shares totaling ₹85 Cr. Envision Capital will receive 12.7 Lakh shares valued at ₹40 Cr, while PE firm First Bridge will acquire 12.1 Lakh shares for ₹20 Cr.

Three entities linked to Ashoka WhiteOak Capital will get 23.9 Lakh shares for ₹75 Cr. Other investors include 360 One, Alchemy Capital, Groww, Bandhan Small Cap Fund, Unity Small Finance Bank, and individuals Ameeta Rajendra Naik and Anil Shah. Kissht, a lending tech platform founded in 2015, offers personal and business loans up to ₹5 Lakh, health insurance, and secured loans.

The company has 45+ lending partners and 101 offline branches across eight states. In Q1 FY27, Kissht reported a 59% increase in net profit to ₹95.1 Cr and a 45% rise in operating revenue to ₹669.5 Cr compared to the previous year.