Emiac Technologies IPO, which opened for subscription on March 27, has received a tepid response from the investors as the issue has been subscribed over 11% so far.
The company secured ₹8.70 crore from anchor investors after allocating 8.88 lakh shares at ₹98 each.
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Emiac Technology IPO subscription status
On the first day of bidding, the issue had received a total subscription of about 0.11 times. The retail category was subscribed 0.09 times, the NII portion reached 0.23 times, and the QIB segment had no subscriptions yet.
Emiac Technology IPO GMP today
According to websites tracking grey market, the GMP of Emiac Technology was +0 on Monday, March 30. This means that the estimated listing price of Emiac Technology IPO is likely to be the same as the IPO price of ₹98.
Emiac Technology IPO details
Emiac Technologies is a book-built issue worth ₹31.75 crores, consisting a fresh issue of 0.32 crore shares aggregating ₹31.75 crores.
The IPO subscription will be open from March 27 to April 8. The allotment expected to finalize on April 9, 2026. Shares of Emiac Technologies IPO are likely to be listed on the BSE SME platform on April 13.
The price band is set at ₹93– ₹98 per share, with a lot size of 1,200 shares. Retail individual investors need a minimum investment of ₹1,17,600 (for 2,400 shares at the upper price band).
The company plans to allocate the net proceeds from the issue toward acquiring computers, laptops, related accessories, software subscriptions, and cloud hosting services.
Additionally, funds will support working capital needs, hiring personnel, branding and marketing efforts, and general corporate purposes.
Smart Horizon Capital Advisors serves as the book-running lead manager for the Emiac Technologies , with Bigshare Services acting as the registrar.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.