Kissht IPO Gains Traction on Day 2 with QIB Portion Oversubscribed, Indicating Strong Investor Interest – IPO Central

The initial public offering (IPO) of OnEMI Technology Solutions Limited, operating under the brand Kissht, has displayed significant investor enthusiasm on its second day of subscription. The offering reported oversubscription in the Qualified Institutional Buyer (QIB) category, highlighting strong engagement from institutional investors. Furthermore, the non-institutional investor segment has garnered substantial interest, with High Net-worth Individual (bHNI) demand already reaching 66% as of Day 2. This trend follows an impressive anchor round where the company secured INR 277.78 crore from a selection of reputable organizations including prominent domestic mutual funds and global institutional investors such as Goldman Sachs and Citigroup. The IPO pricing is set within the range of INR 162 to INR 171 per share, with the subscription window remaining open until May 5, 2026.

Market sentiment surrounding the Kissht IPO indicates a robust outlook, particularly with the strong participation from QIBs and the encouraging demand from the high-net-worth segment. Analysts from leading brokerage houses have highlighted the scalable nature of Kissht’s digital lending platform, its expanding customer base, and improving profitability metrics as critical drivers of interest. The impressive growth trajectory in assets under management—rising from INR 12,679 million in FY23 to INR 59,557 million by 9MFY26—complemented by a growing customer base exceeding 11 million, positions the company favorably in the eyes of investors.

For Indian investors, the positive buzz surrounding the Kissht IPO could signal a broader shift towards confidence in digital financial services amid evolving market dynamics. The strong institutional backing, along with the solid traction observed across various investor categories, suggests a promising potential for a successful listing. Given the current market landscape, investment in the Kissht IPO not only signifies a stake in a high-growth company but also represents an opportunity to capitalize on the growing trend of digital lending, potentially yielding attractive returns in the medium to long term.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)