Kissht's IPO timing defies market headwinds.

Kissht's IPO timing defies market headwinds. The fintech lending platform is pressing ahead despite volatility, banking on strong fundamentals and strategic repositioning. After FY25 challenges from RBI's unsecured lending restrictions, Kissht pivoted toward quality growth and profitability, delivering a PAT of ₹199.3 Cr in 9M FY26. The company's AUM surged 2.2X to ₹5,956 Cr between March 2024 and December 2025, powered by its in-house NBFC that maintains tight control over underwriting and collections. Kissht is diversifying risk through secured lending, scaling loans-against-property to 5% of revenue while cross-selling insurance products to its 11.17 Mn customer base. To build investor confidence, promoters bought ₹40 Cr worth of shares at ₹201 each, above the IPO price band of ₹162-171, signaling conviction.