OnEMI Technology Solutions Ltd, which operates the digital lending platform Kissht, reported a 60% subscription for its initial public offering (IPO) on the second day of bidding. The IPO received bids for 2,38,94,028 shares against 3,97,62,250 shares available, according to data from the National Stock Exchange (NSE). The Qualified Institutional Buyers (QIBs) segment was notably successful, achieving a subscription of 1.45 times. The price band for the shares is set between ₹162 and ₹171, valuing the company at nearly ₹2,900 crore (approximately $350 million USD) at the upper end. The IPO includes a fresh issue of equity shares totaling ₹850 crore (about $102 million USD) and an offer for sale (OFS) of 44,39,788 equity shares worth ₹76 crore (around $9 million USD) from existing shareholders. The proceeds from the fresh issue will be used to strengthen the capital base of its subsidiary Si Creva to meet future funding needs. The IPO is expected to close on May 5, 2023, and shares are set to be listed on both the Bombay Stock Exchange (BSE) and the NSE.