Emiac Technologies IPO Update

Key Highlights:

• ₹8.70 crore: Raised from anchor investors through allocation of 8.88 lakh shares at ₹98 per share.
• 0.03 times: Overall subscription achieved as of 12:01 pm on Friday, with retail portion booked at 0.03 times and NIIs subscribed at 0.05 times.
• ₹31.75 crore: Total funds raised through the IPO, which is a fresh issue of 32,40,000 shares.

IPO Details:

Read also: SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire

• Issue Period: March 27 - April 8
• Price Band: ₹93 to ₹98 per equity share
• Lot Size: Retail investors can bid for a minimum and maximum of 2,400 shares
• Reservation:
  • 46.67% (QIBs): 15,12,000 shares, including 8,88,000 shares allocated to anchor investors
  • 33.70% (Retail Investors): 10,92,000 shares
  • 14.44% (NIIs): 4,68,000 shares
• Listing: Proposed for listing on the BSE SME on April 13, in accordance with SEBI's T+3 rule of IPO listing

Company Overview:

• Emiac Technologies is an AI-based, technology and digital solutions company.
• Revenue from Operations:
  • FY23: ₹2.94 crore
  • FY24: ₹5.32 crore
  • FY25: ₹19.86 crore
• Profit:
  • FY23: ₹38.76 lakh
  • FY24: ₹83.58 lakh
  • FY25: ₹4.21 crore