OTOnEMI Technology Solutions544754Preferential allotment

In-principle approval from NSE and BSE for preferential issue of up to ~2.65 crore shares

NSE and BSE have granted their in-principle approvals for a preferential issue of up to ~2.65 crore equity shares at INR 314.11/- per share, for an amount aggregating up to ~INR 832.2 crore.

By ScoutQuest · Tue 20 Oct 2026, 12:17 AM IST · 2 min read

Issue size

up to ~2.65 crore equity shares

Issue price

INR 314.11/- per share

Issue amount

up to ~INR 832.2 crore

The company informed the exchanges that NSE and BSE have both granted their in-principle approvals for a proposed preferential issue on a private placement basis.

The offer in numbers

• Up to ~2.65 crore fully paid-up equity shares.
• Face value of INR 1/- per share.
• Issue price of INR 314.11/- per share, which includes a premium of INR 313.11/- per share.
• Amount aggregating up to ~INR 832.2 crore.

Who is buying

• The shares are being issued for cash to identified investors who are non-promoters.

What an in-principle approval means

• It is the stock exchanges' approval for the proposed issue. BSE has stated that this in-principle approval should not be construed as its approval for listing of the shares, and the company has to separately comply with listing requirements.
• It is one step in the process; the shares still have to be allotted, and a listing application has to be made afterwards.

Conditions the exchanges have attached

• Listing application to be shared at the earliest from the date of allotment; BSE has noted that an application for listing must be made within twenty days from the date of allotment.
• Statutory and other approvals, including from SEBI, RBI and MCA, are to be in place.
• The company must obtain an undertaking from the allottees that they will not do intra-day trading in the scrip or sell shares till the allotment date, and the responsibility of verifying this rests solely on the company.
• Non-compliance, if observed by the exchanges, may impact the listing of such shares.
• The exchanges reserve the right to withdraw the in-principle approval if the information submitted is found to be incomplete, incorrect, misleading or false.

How existing shareholders may read it

• A preferential issue adds new shares, so existing shareholders end up holding a smaller proportion of the company than before.
• The issue price is INR 314.11/- per share, which can be compared with the market price of the shares.
• The company receives cash of up to ~INR 832.2 crore through the issue, before expenses.
• Because the allottees are non-promoters, the shareholding pattern will change once the shares are allotted.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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