Kissht IPO Rockets with ₹6,000 Crore in Bids, Surpassing 10x Subscription for ₹925 Crore Offering!

The initial public offering (IPO) of OnEMI Technology Solutions Limited, known as Kissht, has demonstrated remarkable interest, with bids amounting to over INR 6,000 crore against an issue size of INR 925 crore. As of Day 3 of the offering, the IPO was subscribed 9.53 times, nearing the critical 10x subscription milestone. Institutional participation has been particularly noteworthy, with the Qualified Institutional Buyer (QIB) segment oversubscribed 25.97 times, driven by significant engagement from domestic mutual funds and international investors. This overwhelming demand indicates robust institutional confidence in Kissht’s business model and future growth prospects.

In addition to impressive institutional backing, non-institutional investors have shown strong engagement, subscribing at 6.67 times, while the high-net-worth individual (HNI) segment saw an even more favorable subscription of 8.58 times. Notably, retail investor participation surged to 1.36 times, reflecting a broad-based interest that is increasingly rare in recent IPOs. The overall response has been characterized by bids received for more than 36 crore shares against an offer size of approximately 3.79 crore shares, showcasing the deep market appetite for this offering, driven by a combination of high-quality anchor investors and broad retail interest.

The Kissht IPO is priced within the range of INR 162 to INR 171 per share and reflects positive market sentiment as evidenced by its substantial oversubscription across all investor categories. Analysts have highlighted the company’s scalable digital lending platform, expanding customer base, and improving profitability as critical factors strengthening their outlook on Kissht. For Indian investors, this IPO stands out not just for its exceptional demand but also as a potential signal of a recovering IPO market, making it a noteworthy event for those considering investment opportunities in the digital finance space.

Source: The Economic Times

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