The initial public offering of OnEMI Technology Solutions Limited (Kissht) continued to witness strong investor interest on Day 2, led by robust participation from institutional investors.
The Qualified Institutional Buyer (QIB) portion was oversubscribed during the day, reflecting strong institutional engagement in the offering. The non-institutional investor segment has also shown solid traction, with bHNI demand already at 66% by Day 2.
The encouraging momentum follows a well-received anchor round, where the company raised INR 277.78 crore from a mix of domestic mutual funds and global institutional investors. The anchor book included participation from leading institutions such as HDFC Mutual Fund, ICICI Prudential Mutual Fund, WhiteOak Capital, Goldman Sachs and Citigroup.
Read Also: Check Live Subscription of All IPOs
Market participants indicate that the strong QIB participation, coupled with steady traction in the bHNI segment, is indicative of a strong subscription outcome as demand continues to build across investor categories.
Leading brokerage houses have also highlighted the company’s scalable digital lending platform, expanding customer base and improving profitability metrics as key factors supporting their view on the offering. The company has demonstrated strong growth in assets under management, which increased from INR 12,679 million in FY23 to INR 59,557 million as of 9MFY26, along with a growing customer base of over 11 million.
The IPO is priced in the band of INR 162 to INR 171 per share and will remain open for subscription until May 5, 2026.
With strong institutional participation, a high-quality anchor book and steady traction across investor categories, the Kissht IPO is witnessing sustained momentum as it progresses through the subscription period.
Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.
