Stock lists at 12% premium over IPO price on NSE

OnEMI Tech shares listed at nearly 12 percent premium on the exchanges on Friday, following 9.5 times subscription to its issue in the primary market between April 30 and May 5.

Shares of OnEMI Technology Solutions, which operates digital lending platform Kissht, were listed at Rs 191 per share on the BSE, a premium of 11.7 percent. The company's market capitalisation post listing of the shares stood at Rs 3,218.03 crore.

On the NSE, the shares of the company were listed at Rs 190 per share on the NSE, a premium of 11.11 percent. The Rs 926-crore issue had a price band of Rs 162-171 per share.

OnEMI Tech market debut was lower than the expectations in the grey market, which had expected up to 16 percent listing gains.

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Earlier, it mobilised Rs 278 crore from anchor investors.

Proceeds from the fresh issue will be used to augment the capital base of its subsidiary Si Creva to meet future funding requirements, along with general corporate purposes.