IPO Mein Bade Changes
Company ne apne IPO mein kaafi cutting ki hai. Fresh capital raise ka plan ₹1,000 crore se kam karke ₹850 crore kar diya hai. Offer-for-sale (OFS) mein bhi shares ki quantity reduce ki gayi hai, pehle 8.9 million the, ab 4.4 million hain. IPO ka price band ₹162 se ₹171 rakha gaya hai aur yeh subscription ke liye Thursday ko open ho raha hai, jo May 5 tak chalega. Agar upper band pe dekhein toh total issue size lagbhag ₹926 crore ban raha hai.
Regulatory Pressure aur Financial Dip
Yeh saare changes aise hi nahi hue hain. Ji, RBI ne unsecured loans parafi strict checks lagaye hain, aur Kissht jaise digital lenders iski lapet mein aa rahe hain. Is regulatory pressure ki wajah se company ke financials par bhi asar pada hai. Fiscal year 2025 mein net income ₹1,188 crore raha, jo FY24 ke ₹1,632 crore se kam hai. Profit after tax bhi kam hokar ₹160.6 crore ho gaya hai, jo pehle ₹197.3 crore tha. Aur December 2025 tak ke 9 mahine mein profit ₹200 crore ke aas paas tha.
Investors Kya Kar Rahe Hain?
Ab investors ki baat karein toh, Vertex Ventures jaise bade VC yahan se kuch shares sell kar rahe hain. Aur bhi kai investors jaise Ammar Sdn Bhd, Endiya Partners, Ventureast, aur AION Advisory Services bhi OFS mein shamil hain. Interesting baat yeh hai ki Ventureast, jisne 2016 mein sirf ₹15.73 per share pe invest kiya tha, woh ab kaafi faida uthayega. Aur promoters Ranvir Singh aur Krishnan Vishwanathan ne bhi public issue se pehle pichhle mahine ₹40 crore ke shares khareede hain.
Business Model Aur Future
Kissht basically young, middle-income logon ko unsecured personal loans deti hai, especially South aur West India mein. Unka AUM (Asset Under Management) December tak ₹5,956 crore tha. Company ab longer-tenured loans par focus kar rahi hai. Aur IPO se jo paisa aayega, woh company apni lending activities ko boost karne ke liye istemal karegi.
