Emiac Technologies IPO is a ₹31.75 crore book-built issue, comprising only fresh issue of 32,40,000 Equity Shares, at face value ₹10/share.
Emiac Technologies IPO applications process from 27 March 2026 onwards until 8 April 2026. The Emiac Technologies IPO shares are to be allotted on 9 April 2026, while the stock is likely to list on 13 April 2026 on the BSE SME platform.
Emiac Technologies IPO issue price band is fixed between ₹93.00/share and ₹98.00/share. The lot size for one application comprises 1,200 shares. The individual investor (retail) needs to apply for a minimum of 2 lots that takes the minimum required investment amount to ₹1,17,600 (2,400 shares X upper price band).
Emiac Technologies IPO–Details
| IPO Open | 27 March 2026 |
| IPO Close | 8 April 2026 |
| Face value | ₹10/shares |
| Price Band | ₹93.00/share – ₹98.00/share |
| Issue price | – |
| IPO Lot Size | 1,200 shares/lot |
| Offer-for-sale | – |
| Fresh issue | 32,40,000 Equity Shares (₹31.75 crore) |
| Issue Type | Book-built/SME |
| Listing | BSE SME |
| Total Issue Size (₹ Crore) | ₹31.75 crore |
| Minimum Retail Investment | ₹1,17,600 (2 Lots x Upper Price Band) |
Emiac Technologies IPO–Timeline
| Bid Opening Date | 27 March 2026 |
| Bid Closing Date | 8 April 2026 |
| Allotment | 9 April 2026 |
| Refunds Initiated | 10 April 2026 |
| Share Credit Date | 10 April 2026 |
| Listing Date | 13 April 2026 |
| UPI mandate Cut-off time | 8 April 2026 (5 PM) |
Emiac Technologies Limited–Key Performance Indicators (KPIs)
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 81.6 | 94.01 | 139.77 |
| ROCE (%) | 63.57 | 85.01 | 108.79 |
| Debt-Equity Ratio (in times) | 0.001 | 0.003 | 0.001 |
| RoNW (%) | 46.71 | 63.95 | 82.27 |
| PAT Margin (%) | 21.22 | 15.72 | 13.18 |
| EBITDA Margin (%) | 29.83 | 23.29 | 20.32 |
| Price-Book Value | – | – | – |
Emiac Technologies Ltd–Financial Information
| 2025 | 2024 | 2023 | |
| Revenue | 1,985.62 | 531.80 | 294.17 |
| Assets | 1,693.71 | 318.74 | 150.88 |
| Profit After Tax | 421.37 | 83.58 | 38.76 |
(Amount in ₹ Lakhs)
Emiac Technologies IPO–Subscription Status
Subscription Data Unavailable!
Subscription data will start reflecting once the bidding window opens.
Bids can be placed between 10:00 AM and 5:00 PM during the IPO period.
Emiac Technologies IPO–Grey Premium Market (GMP)
The Emiac Technologies IPO GMP is ₹0 (latest updated 01:58 PM on 24 March 2026). This keeps the expected listing price at ₹98.00 (Upper Price Band), along with a profit expectation at 0.00%.
The Emiac Technologies IPO GMP has been visible since the last 5 sessions, showing major movements, and the same pattern is expected to continue till listing.
For daily GMP and the listing updates, check out this section:
| GMP Date | GMP | Estimated Listing Price | Estimated Profit | Last Updated |
|---|---|---|---|---|
| 25-03-2026 | ₹0  | ₹98 (0.00%) | ₹0 | 25-Mar-2026 18:00 |
| 24-03-2026 | ₹0 | ₹98 (0.00%) | ₹0 | 24-Mar-2026 23:33 |
| 23-03-2026 | ₹0 | ₹98 (0.00%) | ₹0 | 23-Mar-2026 23:32 |
| 22-03-2026 | ₹0 | ₹ (0.00%) | ₹0 | 22-Mar-2026 5:55 |
| 21-03-2026 | ₹0 | ₹ (0.00%) | ₹0 | 21-Mar-2026 5:55 |
Note: Grey market premium figures are informal in nature and can shift with changes in subscription activity, investor demand, and market sentiment.
Emiac Technologies IPO–Reservation
| Investor Category | % of Shares Offered | Shares Offered |
| Market Maker | 5.19% | 1,68,000 |
| Anchor Investors | 27.41% | 8,88,000 |
| QIBs | 19.26% | 6,24,000 |
| Non-institutional Investors (NIIs) | 14.44% | 4,68,000 |
| Individual Investor | 33.70% | 10,92,000 |
| Total | 100% | 32,40,000 |
Emiac Technologies IPO–Lot Size
Individual investors must apply for 2,400 shares (2 lots). Check the lot size requirement for other investors:
| Application | Lot Size | Shares | Amount |
| Individual Investors Minimum Application | 2 | 2,400 | ₹2,35,200 |
| Individual Investors Maximum Application | 2 | 2,400 | ₹2,35,200 |
| S-HNI Minimum Application | 3 | 3,600 | ₹3,52,800 |
| S-HNI Maximum Application | 8 | 9,600 | ₹9,40,800 |
| B-HNI Minimum Application | 9 | 10,800 | ₹10,58,400 |
Emiac Technologies IPO–Anchor Investors Details
| Bidding Opens On | 25 March 2026 |
| Shares offered | 8,88,000 Equity Shares |
Emiac Technologies IPO–Prospectus
| Draft Red Herring Prospectus (DRHP) | DRHP Document |
| Red Herring Prospectus (RHP) | RHP Document |
| Anchor Investors | – |
| Final Prospectus | Not Disclosed |
About Emiac Technologies Limited
Established on 20 January 2017, the company is technology-driven with a focus on digital and AI-led solutions. The business works with brands to support their online presence and communication strategy, under the leadership of Managing Director Divya Gandotra.
The company serves clients across multiple sectors, including digital marketing, BFSI, healthcare, IT and technology, education, and automobiles, offering solutions that are adapted to different industry needs.
Business verticals:
- Content writing services
- Brand management and reputation monitoring
- Digital marketing services
- Technical solutions and automation support
| Name | Contact person details | |
| Book Running Lead Managers (BRLM) | Smart Horizon Capital Advisors Pvt Ltd | Mr. Parth Shah E-mail: [email protected]Telephone: 022-28706822 |
| IPO Registrar | Bigshare Services Pvt Ltd | Mr. Ganesh ShindeE-mail: [email protected]Telephone: 022-6263 8200 |
Objectives of Emiac Technologies
| Particulars | Amount (in ₹ lakhs) |
| Purchase of electronics and softwares | 572.14 |
| Working Capital Needs | 880.00 |
| Hiring of Manpower | 541.50 |
| Marketing activities | 390.00 |
| Corporate requirements | – |
Emiac Technologies Limited–Strengths
- Wide client mix: The company serves across industries and regions, supported by its wide service range and integrated offerings that enable a flexible, cross-industry approach.
- Repeat business flow: The company’s long-standing client relationships contribute to repeat work, while multiple service lines allow deeper engagement and opportunities to expand within existing accounts.
- Experienced leadership: The company, guided by Managing Director Divya Gandotra, benefits from over 8 years of industry experience and strong execution capabilities in handling projects.
- Results-focused approach: The company’s performance-led strategy has delivered measurable gains, including improved keyword rankings and a 25.3% rise in visibility for a client within six months.
Emiac Technologies Limited–Risks
- Client concentration: The company’s income depends on a handful of major clients, making it vulnerable if any key relationship weakens or ends unexpectedly.
- No long-term contracts: The company works on ongoing orders without long-term agreements. And, any slowdown in order flow can effectively influence revenue and profitability.
- Supplier dependence: The company’s operations rely on a limited set of suppliers, and disruption or unfavourable changes in terms of supply could affect service delivery and business continuity.
- Ongoing legal matters: The promoters and few personnels of the company are involved in legal cases. So if outcomes turn unfavourable, it could lead to financial liabilities or penalties.
Emiac Technologies IPO–Review
The Emiac Technologies IPO is an SME offering made entirely through a fresh issue, which shall be directed towards business requirements.
From a financial standpoint, the company shows growth in terms of revenue and profit over the past three financial years, along with improving margins. The return ratios have also remained elevated, while debt levels are negligible, indicating a relatively clean balance sheet.
As an investor, you may take note of its diversified client base and ability to generate repeat business across service lines. At the same time, dependence on key clients and the absence of long-term contracts are factors that need attention. The valuation appears moderate for an SME issue, though listing performance may depend on subscription demand and the overall market sentiment.
Other Recent IPO List
Browse through the list of ongoing and upcoming IPOs in India for 2026!
| Acevector Limited IPO | Sai Parenteral’s IPO |
| Aastha Spintex IPO | InCred Holdings IPO |
| Aarvee Engineering Consultant Limited IPO | Powerica IPO |
| Highness Microelectronics IPO | Hero Fincorp Limited IPO |
Emiac Technologies IPO FAQs
The Emiac Technologies IPO is a ₹31.75 crore book-built SME issue consisting entirely of a fresh issue of 32,40,000 equity shares. The company plans to use the proceeds for business expansion, working capital, and operational needs, with a listing scheduled on the BSE SME platform.
You can apply for the Emiac Technologies IPO through your stockbroker using ASBA via net banking or UPI-based applications. Select the IPO, enter the bid price and quantity, and approve the mandate request before the cut-off time on the closing date.
The Emiac Technologies IPO shows strong financial growth, high return ratios, and low debt levels, which are positives. However, the company’s reliance on key clients and lack of long-term contracts adds uncertainty. It may suit investors who are comfortable with SME listings and moderate risk levels.
The current grey market signals of the Emiac Technologies IPO indicate no premium, suggesting limited listing gains at this stage. The returns will depend on subscription demand and market conditions closer to listing, as SME IPOs can be sensitive to short-term sentiment shifts.
The Emiac Technologies IPO will open for subscription on 27 March 2026 and close on 8 April 2026. During this period, investors can place their bids within the specified market hours.
The Emiac Technologies IPO lot size is 1,200 shares per application. Retail investors are required to apply for a minimum of 2 lots, which amounts to 2,400 shares based on the issue rules.
The Emiac Technologies IPO share allotment is expected to be finalised on 9 April 2026. Investors can check the status through the registrar’s website or their broker’s platform once it is released.
The Emiac Technologies IPO shares are expected to list on 13 April 2026 on the BSE SME platform, subject to completion of post-allotment formalities and market conditions.
