[Update] Kissht IPO: Issue Subscribed 24% On Day 1

Update | April 30, 18:55 IST

The public issue of lending tech company Kissht was subscribed 24% on the first day of its IPO bidding today (April 30).

As per BSE data, the IPO received bids for 94.35 Lakh shares as against the 3.98 Cr shares on offer.

Qualified institutional buyers (QIBs) showed the highest interest in the IPO, with the portion reserved for seeing a 66% subscription. These investors placed bids for 74.28 Lakh shares as against 1.13 Cr shares reserved for them. 

The Non institutional investors (NIIs) portion was subscribed 10%, getting bids for 8.89 Lakh shares against 85.36 Lakh shares on offer. 

Meanwhile, the retail individual investor (RII) portion received a mere 6% subscription. These investors placed bids for 11.17 Lakh against the 1.99 Cr shares reserved for them.

Original | April 30, 14:19 IST

Lending tech company Kissht’s parent OnEMI Technology Solutions’ IPO got off to a steady start on the first day of bidding.

As of 14:00 IST, investors placed bids for 79.66 Lakh shares against a total offer size of 3.98 Cr shares on offer, translating to a 20% subscription.

Qualified institutional buyers (QIBs) have been the most bullish on the company’s IPO, subscribing their quota by 58%. These investors have bid for 65.50 Lakh shares against 1.13 Cr shares reserved for them as of now.

Non institutional investors (NIIs) subscribed their quota by 7%, placing bids for 5.77 Lakh shares against 85.36 Lakh shares earmarked for them.

Retail individual investors (RIIs) have subscribed their quota the least till now. These investors have placed bids for 8.40 Lakh shares against 1.99 Cr shares on offer, translating to a 4% subscription of their quota.

As per its RHP, the IPO comprises a fresh issue of shares worth up to ₹850 Cr, and an offer for sale component of 44.4 Lakh shares. The lending tech company set a price band of ₹162-171 for the public issue. At the upper end of the price band, the IPO will value the company at about ₹2,881 Cr (about $294.3 Mn).

Kissht plans to use the net proceeds from the fresh issue to augment the capital base of its NBFC, Si Creva, and meet its future capital requirements, while some funds will go into general corporate purposes, including capital expenditure, IT expenses and other expenses.

Notably, Kissht raised ₹277.8 Cr from anchor investors ahead of the IPO. Institutional investors like HDFC Mutual Fund, ICICI Prudential, Whiteoak Capital, Bandhan Bank, among others, picked up stake in the company. 

On the financial front, the company reported a PAT ₹199.3 Cr in the first nine months of FY26 (9M FY26). Its operating revenue for the period stood at ₹1,569.9 Cr. 

For the full fiscal year FY25, its PAT declined by about 18% to ₹160.6 Cr from ₹197.3 Cr. Its operating revenue fell over 20% to ₹1,337.5 Cr from ₹1,674.5 Cr in FY24.

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