India, May 7 -- Lending tech startup Kissht's parent OnEMI Technology Solutions is all set to list on the bourses tomorrow after its IPO was oversubscribed 9.5X. The company's early investors have booked notable gains on their investments by offloading a part of their holdings in the IPO.

Ammar Sdn Bhd, one of Kissh't biggest shareholders, raked in Rs.19.8 Cr by offloading 11.56 Lakh shares via the OFS at the top end of the price band of Rs.162-Rs.171. This translated to a 1.4X return on the initial investment. Post the sale, Ammar Sdn Bhd owns 1.45 Cr shares of Kissht worth Rs.248 Cr at Rs.171 per share.

Kissht's IPO comprised a fresh issue of Rs.850 Cr and an offer-for-sale (OFS) component of up to 44.4 Lakh shares worth Rs.75.9 Cr. A...