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Emiac Technologies share price made a strong debut in the Indian stock market on Monday, April 13. The stock listed at 10% premium over the IPO price of ₹98.

Emiac Technologies share price opened at ₹107.80 apiece on BSE SME. This means that the IPO allottees made a gain of 10% over the Emiac Technologies IPO listing.

The listing of Emiac Technologies IPO exceeded the market expectations. Ahead of listing, the GMP of Emiac Technologies IPO was ₹0, which indicated estimated listing price to be the same as ₹98.

The ₹31.75 crore SME IPO is entirely a fresh issue of 0.32 crore shares, with no offer-for-sale (OFS) component, meaning the entire proceeds will go to the company. The price band for Emiac Technologies’ IPO has been set at ₹93 to ₹98 per share, with a lot size of 1,200 shares.

Retail investors are required to apply for a minimum of two lots, translating to an investment of ₹1,17,600. For HNI investors, the minimum investment is ₹3,52,800 at the upper price band, based on a minimum application of three lots.

The company intends to utilise the proceeds for purchasing computers, laptops, related accessories, software subscriptions, and cloud hosting services, as well as for meeting working capital needs, hiring manpower, undertaking branding, advertising and marketing initiatives, and for general corporate purposes.

Smart Horizon Capital Advisors is acting as the book-running lead manager for the issue, while Bigshare Services has been appointed as the registrar.

Emiac Technologies is an AI-driven, tech-enabled digital solutions provider focused on helping brands grow through scalable and result-oriented services. Its integrated offerings allow organisations to enhance efficiency, streamline operations, and establish a strong and sustainable digital presence.

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.

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