Mumbai: Shares of OnEMI Technology Solutions Limited, a technology-enabled lender in India primarily offering digital loans through its mobile application for various consumption and business needs, surprising the D-street by getting listed with over 12% premium at Rs 191 on the exchange.

The scrip reached a high of Rs 227.35 on the BSE and 227.40 on the NSE, outperforming the benchmark indices as Nifty remained under pressure and closed lower by 150.50 points, or 0.62%, at 24,176.15, while the BSE Sensex ended in the red, down by 516.33 points, or 0.66%, at 77,328.19.

As per the NSE, the total quantity traded stood at 641 lakh shares, while on the BSE, the total quantity stood at 34.73 lakh shares. Total turnover (BSE + NSE) on Day 1 stood at Rs 1,373.83 crore.

The market capitalisation of the company at today’s closing price stood at Rs 3,511.19 crore on the BSE and Rs 3,521.63 crore on the NSE.

The company had offered Rs 925.9 crore issue for subscription from Thursday, April 30 to Tuesday, May 5. Despite of the tensed investment sentiments due to the ongoing West Asia war, this offer was subscribed nearly 9.5 times. Qualified Institutional Buyers (QIB) Portion was subscribed 24.87 times.

The company is a technology-enabled lender in India, primarily offering digital loans through its mobile application for various consumption and business needs. It provides swift, accessible and personalized credit solutions to support its customers throughout their financial journey.

The company is focused on young individuals within the mass market segment, which according to the 1Lattice Report, represents India’s emerging middle class and is aspirational, digitally connected and underpenetrated in credit. As of December 31, 2025, the company had 63.73 million registered users and served 11.17 million customers along with a net promoter score of 95.

The company maintains a highly granular loan book with over 2.87 million active customers and Rs 59,557.53 million in assets under management (AUM) as of December 31, 2025. In the nine months ended December 31, 2025, its customers had an average age of 32 years and a median CIBIL score of 746. Further, during the nine months ended December 31, 2025, 67.65% of its customers earned monthly incomes ranging between Rs 25,000 to Rs 75,000, and 63.38% of its customers resided in the top 50 cities in India.