Shares of OnEMI Technology Solutions surged 5.1 % to ₹360.15 after the board cleared a ₹832.19‑crore preferential issue, signaling investor confidence.
The board sanctioned up to 2.64 cr equity shares, priced at ₹314.11 each — a premium of about 84 % over the IPO price of ₹171.
Axis Small‑Cap Fund and MIT Basic Retirement Plan will receive 34.89 lakh and 25.46 lakh shares respectively, representing 1.67 % and 1.22 % of outstanding equity; HDFC Banking & Financial Services will hold 34.39 lakh shares or 1.65 %.
The move comes four months after a ₹926‑cr public issue at ₹190 per share, and follows an IPO that raised ₹850 cr. The new issue elevates the firm’s market cap and underscores its growth ambitions.
CEO Ranvir Singh told CNBC‑TV18 the company expects its assets‑under‑management to climb 40 % in FY26, leveraging its disciplined underwriting and a robust client base.
With the preferential issue now approved, OnEMI is positioned to bolster its capital base ahead of a projected 40 % AUM surge, while market participants will be watching the next earnings release for signs of execution.