India, Aug. 20 -- Kissht Sets Sail For D-Street

After a decade-long romance with venture capital, Kissht has now finally set its IPO plans in motion. The lending tech startup has filed its DRHP with SEBI for at least INR 1,000 Cr public listing.

The Finer Print: The lending tech startup's IPO will comprise a fresh issue of shares worth INR 1,000 Cr and an additional OFS component of up to 88.8 Lakh shares. Early backers, namely Vertex Ventures, Endiya Partners, and Ventureast, are planning to pare their stake as part of the OFS.

Of the total IPO proceeds, the startup plans to pump INR 750 Cr into its NBFC subsidiary, Si Creva Capital, to meet future capital requirements, while the remaining would be used for general corporate and other...