Kissht IPO Kicks Off with Robust Subscription Demand as Leading Mutual Funds Join Anchor Book – IPO Central Reports
The initial public offering (IPO) of OnEMI Technology Solutions Limited, better known as Kissht, commenced its subscription phase today, achieving approximately 24% overall subscription on the first day. The Qualified Institutional Buyer (QIB) segment showed a promising subscription rate of about 69%, reflecting strong early participation from institutional investors. The IPO’s strong foundation is bolstered by an anchor book that has successfully raised around INR 277.78 crore from high-profile institutional investors such as HDFC Mutual Fund, ICICI Prudential, WhiteOak Capital, Goldman Sachs, and Citigroup, highlighting substantial institutional interest from both domestic and global entities.
The significant involvement of well-regarded domestic mutual funds and notable global investors in the anchor allocation underscores the IPO’s robust institutional support. This level of engagement is often perceived as an encouraging indicator of the offering’s potential success, especially as investors assess the long-term viability of Kissht’s business model. The backing from global investment firm Temasek adds another layer of credibility to the offering, suggesting that Kissht possesses a solid institutional pedigree that appeals to both local and international investors alike.
Kissht operates a technology-driven digital lending platform and has made strides in catering to India’s digitally connected yet underbanked market, boasting over 63.73 million registered users. As the IPO subscription runs from April 30 to May 5, 2026, the evolving participation levels are expected to draw attention from retail investors as well. This IPO not only demonstrates the sustained interest in India’s fintech sector but also presents an opportunity for investors to engage with a company that is well-positioned for growth in the rapidly evolving digital lending space.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova IPO team.)