The lending tech startup allotted 1.62 Cr equity shares to anchor investors at a price of ₹171 per share, the upper band of its price spectrum
Of the total, 92.6 Lakh shares, or 57% of the total anchor round, were picked up by seven domestic mutual funds via a total of 13 schemes
The lending tech startup’s public issue comprises a fresh issue of shares worth up to ₹850 Cr and an OFS component of up to 44.4 Lakh shares
Ahead of the commencement of the bidding for its public issue on April 30, lending tech startup Kissht’s parent OnEMI Technology Solutions has raised ₹277.8 Cr from anchor investors.
The startup allotted 1.62 Cr equity shares to anchor investors at a price of ₹171 per share, the upper band of its price spectrum.
Of the total, 92.6 Lakh shares, or 57% of the total anchor round, were picked up by seven domestic mutual funds via a total of 13 schemes. The domestic mutual funds that anchored the round included HDFC Mutual Fund, ICICI Prudential, Whiteoak Capital, Bank, among others.
Other investors who participated in the round included Goldman Sachs, New York State Teachers Retirement System, BNP Paribas, Citigroup, among others.
With this, the company’s IPO will now go live on April 30 and close on May 5.
The lending tech startup’s public issue comprises a fresh issue of shares worth up to ₹850 Cr and an offer for sale (OFS) component of 44.4 Lakh shares. At the upper end of its ₹162 to ₹171 price band, the IPO will value the company at about ₹2,881 Cr (about $294.3 Mn).
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Whose is a lending tech platform that offers digital personal and business loans of up to ₹5 Lakh. It also offers health-related insurance products and secured loans through loans against property.
(This story will be updated soon)
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