OnEMI Technology Solutions allots shares to 34 investors for ₹832 crore

The allotment in numbers

Size and pricing of the allotment

The company allotted 2,64,93,882 equity shares of ₹1 each at ₹314.11 per share, of which ₹313.11 is premium. The total consideration is stated as ₹8,32,19,93,275.02, which the filing rounds to about ₹832 crore.

Against the company's market value of ₹5,209 crore at the 23 Oct 2026 close of ₹309.15 a share, the amount raised is about 16% of that value. The issue price is above the closing price of the same day.

Change in share capital and holdings

Paid-up share capital rises from ₹178.11 crore, or 17,81,14,102 shares, to ₹204.61 crore, or 20,46,07,984 shares, with effect from 23 Oct 2026. The allotted shares rank pari passu with the existing equity shares in all aspects.

Schedule I lists 34 investors. Most had no holding before the issue. The largest post-allotment holdings shown are 25,46,878 shares (1.22%) for Massachusetts Institute of Technology and 29,05,287 shares (1.39%) for HDFC Banking & Financial Services Fund, on a fully diluted basis as at 16 Oct 2026.

What the allotment means for OnEMI Technology Solutions' shareholders

Existing shareholders' stake is diluted by the 2,64,93,882 new shares, which make up about 12.9% of the enlarged capital of 20,46,07,984 shares. The filing does not say what the proceeds will be used for, whether they have been received in full, or whether the allotment relates to any acquisition or business plan. The lock-in period for the allotted shares is also not stated.

The filing refers to six earlier intimations, dated 17 Sep 2026 to 20 Oct 2026, on this issue. No further dated step is given in the filing.

Reference: Original filing (PDF)