As per the BSE data, the IPO received bids for 2.38 Cr shares as against 3.97 Cr shares on offer
QIBs showed the highest interest in the IPO, with the portion reserved for them seeing 1.45X oversubscription
The portion reserved for NIIs was subscribed 50%, getting bids for 42.82 Lakh shares against 85.36 Lakh shares on offer
Update | May 4, 6:30 PM IST
The IPO of Whose was subscribed 60% at the end of the second day of bidding. As per the BSE data, the IPO received bids for 2.38 Cr shares as against 3.97 Cr shares on offer.
QIBs showed the highest interest in the IPO, with the portion reserved for them seeing 1.45X oversubscription. These investors placed bids for 1.63 Cr shares as against 1.13 Cr shares reserved for them.
The portion reserved for NIIs was subscribed 50%, getting bids for 42.82 Lakh shares against 85.36 Lakh shares on offer.
Meanwhile, retail investors bid for 32.52 Lakh shares against 1.99 Cr shares reserved, translating to 16% subscription.
Original | May 4, 1:48 pm IST
The public issue of lending tech company Kissht’s parent OnEMI Technology Solutions saw a steady investor response on the second day of bidding. The issue received bids for 1.35 Cr shares against a total offer size of 3.97 Cr shares on offer as of 12:30 IST, translating to a 34% subscription.
Similar to the trends on the first day, qualified institutional buyers (QIBs) continued to lead the IPO. They placed bids for 91.73 Lakh shares against 1.13 Cr shares reserved for them, resulting in 81% subscription of their quota.
The portion reserved for non-institutional investors (NIIs) was subscribed 23%, getting bids for nearly 20 Lakh shares against 85.36 Lakh shares on offer.
The interest from retail individual investors showed slight improvement compared to the first day of bidding, with them placing bids for 25.14 Lakh shares against 1.99 Cr shares on offer. The portion was reserved 13% subscription.
The company’s public issue was subscribed 24% on the first day of bidding. Prior to that, Kissht raised ₹277.78 Cr from anchor investors last week.
The IPO comprises a fresh issue of shares worth up to ₹850 Cr and an offer-for-sale component of up to 44.4 Lakh shares. Kissht has 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).
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht 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.
As of December 2025, the company had 1.12 Cr registered customers and its AUM stood at over ₹5,956 Cr.
The startup earns revenue through interest charged on loans, processing fees, late payment and foreclosure fees, and commissions earned from distribution of insurance products.
In the first nine months of FY26, Kissht reported a profit of ₹199.3 Cr on a revenue of ₹1,569.9 Cr. In FY25, its PAT declined by about 18% to ₹160.6 Cr from ₹197.3 Cr. Operating revenue fell over 20% to ₹1,337.5 Cr from ₹1,674.5 Cr in FY24.
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