New Delhi, April 30 -- The initial public offering (IPO) of OnEMI Technology, which operates digital lending platform Kissht, opened for subscription today, 29 April, and received a muted response from investors on the first day of bidding.

By the end of Day 1, the issue was subscribed just 0.25 times, with bids received for 95 lakh shares against the 3.79 crore shares on offer, according to exchange data.

Among investor categories, the retail portion was subscribed 0.06 times, while the non-institutional investor (NII) segment was booked 0.11 times. The qualified institutional buyer (QIB) portion saw relatively better participation and was subscribed 0.69 times.

Ahead of the issue opening, the promoters infused nearly Rs.40 crore into...