Digital lender Kissht made a strong BSE debut, opening at Rs 191 and climbing to Rs 208 by market close, implying a premium over its IPO price. The listing values the company at about Rs 3,511 crore. Early investors are seeing meaningful gains, supported by Kissht’s rapid growth in AUM and revenue as the market watches its next moves.
Kissht’s IPO for OnEMI Technology Solutions was subscribed about 60 percent by the end of day two of bidding, according to BSE data. QIBs led with roughly 1.45X oversubscription, while NIIs were only halfway subscribed. Retail participation stayed low at around 16 percent. The issue values the company near ₹2,881 crore at the upper price band.
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OnEMI Technology Solutions Ltd’s IPO was subscribed 60% on its second day, signaling strong early interest. The digital lending platform Kissht has already raised Rs 278 crore from anchor investors. The total Rs 926 crore issue remains open until May 5, as the company seeks to strengthen its subsidiary’s capital base ahead of BSE and NSE listing.
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