Emiac Technologies' IPO price band has been fixed at ₹93 to ₹98 apiece, with a lot size of 1200 shares. (an AI-generated image)Emiac Technologies IPO Day 3: The initial public offering (IPO) of Emiac Technologies entered its third day of bidding on Wednesday, April 1, garnering a tepid response from investors so far. The issue opened on March 27 and will be available till April 8.
The SME IPO worth ₹31.75 crore is entirely a fresh issue of 0.32 crore shares. Since the IPO has no offer for sale (OFS) component, all proceeds will be received by the company. Emiac Technologies' 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. For HNI investors, the minimum investment stands at ₹3,52,800 at the upper end of the price band, based on a minimum application of three lots.
Emiac Technologies has earmarked 50% of the offer for qualified institutional buyers (QIBs), 15% for non-institutional investors (NII) and the remaining 35% for retail investors.
It plans to use the funds raised from the share sale for the purchase of computers, laptops, other related accessories, software subscriptions and cloud hosting; funding working capital requirements; hiring of manpower; branding, advertisement and marketing activities and general corporate purposes.
The allotment for Emiac Technologies IPO is slated to be finalised on April 9, with the listing of shares on the BSE SME platform likely on April 13.
According to BSE data, Emiac Technologies IPO was booked 28% so far as it received bids for 6,61,200 shares as against 23,52,000 shares on offer as of 2.30 pm. The QIB segment did not see any demand yet, while the NII quota was booked 59% and the retail investor segment 26%.
Emiac Technologies IPO grey market premium (GMP) remains nil. This means that Emiac Technologies IPO GMP is ₹9 and 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 offer price.
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 organisations to scale efficiently, optimise 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.
Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.<br>
At Mint, Saloni has been part of the markets team for nearly two years, where she currently works as Chief Content Producer. In this role, she plays a key part in shaping market coverage, driving editorial strategy, and ensuring timely, accurate, and insightful reporting across. She has been closely involved in breaking news coverage and in crafting stories that help decode the complex financial developments.<br>
Before joining Mint, Saloni worked with some of India’s leading business newsrooms, including The Economic Times and Business Standard. Throughout her career, she has worn multiple hats—ranging from reporting and editing to contributing in-depth features and identifying new storytelling formats and market trends.<br>
Her experience in fast-paced digital newsrooms has given her an edge in simplifying complex market concepts without losing analytical depth. Outside of work, Saloni enjoys reading books and spending time with her pet.