India, Aug. 19 -- Lending tech startup Kissht has filed its draft red herring prospectus (DRHP) with SEBI to raise up to INR 1,000 via the fresh issue. Its IPO will also comprise an offer-for-sale (OFS) component of up to 88.8 Lakh shares.

Vertex Ventures, Endiya Ventures, Ventureast, among others, would pare their stake as part of the OFS. While Vertex plans to sell up to 50 Lakh shares via the IPO, Ammar Sdn Bhd will sell up to 21 Lakh shares.

From the fresh issue, Kissht plans to utilise about INR 750 Cr to augment the capital base for its NBFC subsidiary, Si Creva, to meet its future capital requirements.

In the run up to its IPO, Kissht's net profit for FY25 declined about 18% to INR 160.6 Cr from INR 197.3 Cr in the previous fisc...