Emiac Technologies IPO Sees 28% Booking on Day 3: Key IPO Details Revealed

Emiac Technologies IPO Enters Third Day of Bidding

The initial public offering (IPO) of Emiac Technologies is in its third day of bidding, with a tepid response from investors as of Wednesday, April 1. The SME IPO, worth ₹31.75 crore, is an entirely fresh issue of 0.32 crore shares, with no offer for sale (OFS) component. As a result, all proceeds from the IPO will be received by the company.

The IPO price band has been fixed at ₹93 to ₹98 apiece, with a lot size of 1200 shares. For retail investors, the minimum investment is ₹1,17,600, as they must apply for at least two lots. In contrast, high net-worth individual (HNI) investors have a minimum investment requirement of ₹3,52,800 at the upper end of the price band, based on a minimum application of three lots.

The company has earmarked 50% of the offer for qualified institutional buyers (QIBs), 15% for non-institutional investors (NII), and the remaining 35% for retail investors. Emiac Technologies plans to use the funds raised from the share sale for various purposes, including the purchase of computers, laptops, and other related accessories, software subscriptions and cloud hosting, funding working capital requirements, hiring of manpower, branding, advertisement, and marketing activities, and general corporate purposes.

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The allotment for Emiac Technologies IPO is slated to be finalized on April 9, with the listing of shares on the BSE SME platform likely on April 13.

IPO Subscription Update

As of 2:30 pm on April 1, Emiac Technologies IPO has received bids for 6,61,200 shares, representing a 28% subscription. The breakdown of subscription is as follows:

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Grey Market Premium (GMP)

The grey market premium (GMP) for Emiac Technologies IPO remains nil, indicating that the shares are trading at par with the offer price in the unofficial market. At the current GMP, Emiac Technologies IPO listing price could be the same as the offer price.

About Emiac Technologies

Emiac Technologies is an AI-driven, technology-enabled digital solutions provider committed to empowering brands with scalable and results-oriented digital services. Its integrated approach enables organizations to scale efficiently, optimize operations, and build a strong and sustainable digital presence. With a comprehensive suite of services spanning content creation, branding, and online reputation management, digital marketing, and technical services and business automation, the company serves as a one-stop partner for brands seeking long-term growth and digital transformation.