Kissht wins board approval for ₹832 crore preferential equity issue

Digital lending platform Kissht plans to issue up to 2.65 crore equity shares at ₹314.11 each to 34 non-promoter investors, raising up to ₹832.19 crore. The allotment remains subject to shareholder and regulatory approvals.

— Source publishedFri, 18 Sept, 2026, 00:16 IST·First seen Fri, 18 Sept, 2026, 00:50 IST·Source Inc42

What happened

Indian digital lending platform Kissht received board approval to raise up to ₹832.19 crore through a preferential equity issue to 34 non-promoter investors.

Key facts

  • Up to ₹832.19 crore
  • 2,64,93,882 equity shares
  • ₹314.11 issue price per share
  • 34 investors and entities
  • ₹850 crore IPO fresh issue

Why this matters

Kissht’s proposed ₹832 crore equity raise could fund expansion across its digital channels and 101 branches serving 3.49 million active customers, pending shareholder and regulatory approvals.

What to watch

  • Shareholder vote outcome and regulatory approval status.
  • Final allotment size, actual funds received and identities of the 34 investors.
  • Stated use of proceeds between lending capital, technology, acquisitions, branch expansion and debt repayment.
  • Changes in loan-book growth, active customers, repeat-borrower share and disbursal mix.
  • Delinquency, write-off, collection efficiency and credit-cost trends.

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