OnEMI Technology Solutions’ lending arm Kissht is preparing an IPO to raise ₹850 crore, driven by rising AUM and customer growth. But the pitch has a catch: elevated NPAs and dependence on unsecured personal loans add credit risk. Analysts suggest long-term investors may prefer clarity on post-listing financial stability before betting.
Digital lenders are moving to a cautious stance on credit for small businesses such as restaurants and petrol pumps. The shift comes after West Asia disruptions pushed up costs across multiple sectors, leaving lenders to watch for early stress. While repayments are currently holding, unsecured loan underwriting is being tightened as repayment pressure could surface later.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
