India, April 3 -- Digital lending startup Kissht is reportedly gearing up for an initial public offering of $225 Mn (around INR 1,926 Cr).

A Mint report, citing sources, said that the fintech startup has picked ICICI Securities, UBS Securities, and Motilal Oswal as the investment bankers for the proposed public issue. Besides, the startup is looking to onboard one more investment banker.

Kissht declined to comment on Inc42's queries on the development.

As per the report, the Mumbai-based startup is looking to file draft papers for the IPO by June this year. It is eyeing a valuation of $900 Mn to $1.1 Bn for the IPO.

"The IPO will be a mix of primary and secondary share sales, with 75% expected to be primary capital raised to fund grow...