The initial public offering of OnEMI Technology Solutions Limited (Kissht) opened for subscription today and was subscribed approximately 24% on Day 1, with the Qualified Institutional Buyer (QIB) category seeing around 69% subscription, reflecting early institutional participation as the issue begins its subscription period.
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The offering is underpinned by a strong and high-quality anchor book, with the company having raised approximately INR 277.78 crore from anchor investors ahead of the issue. The anchor round saw participation from marquee institutions including HDFC Mutual Fund, ICICI Prudential Mutual Fund, WhiteOak Capital, Goldman Sachs and Citigroup.
A significant portion of the anchor allocation was taken up by domestic mutual funds, alongside participation from global long-only investors, indicating a diversified and high-quality institutional investor base.
Kissht is backed by global investment firm Temasek as an existing investor, further reflecting the company’s institutional pedigree.
Market participants often view anchor participation as an early indicator of institutional interest in an offering, particularly when led by large mutual funds and global investors. In this context, Kissht’s anchor book reflects broad-based institutional engagement.
The IPO is open from April 30 to May 5, 2026. Subscription levels typically build over the course of the issue period, with institutional and retail participation evolving across days.
Kissht operates a technology-driven digital lending platform, with over 63.73 million registered users and more than 11.17 million customers. The company focuses on providing accessible credit solutions to India’s digitally connected and underpenetrated mass market segment.
With a scalable platform, strong institutional backing and participation from some of the largest mutual funds and global investors, the offering reflects continued interest from long-term capital in India’s fintech sector.
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