Emiac Technologies IPO Surpasses 1x Subscription on Day 6, Driven by Retail Investors
Emiac Technologies IPO Day 6: Issue booked over 1x so far led by retail investors; check GMP, issue details
Mint
Image: Mint
The Emiac Technologies IPO, which began on March 27 and ends on April 8, has seen a subscription rate of 1.24x on day 6, primarily led by retail investors. The issue price is set between ₹93 and ₹98 per share, with the company aiming to raise ₹31.75 crore for various operational needs.
- 01Emiac Technologies IPO subscription stands at 1.24x on day 6.
- 02Retail investors have shown strong interest, with their portion subscribed 1.34x.
- 03The IPO aims to raise ₹31.75 crore for operational expansions.
- 04Shares are trading at their issue price of ₹98 with no grey market premium.
- 05Key investors include Abundantia Capital and Rajasthan Global Securities.
Advertisement
In-Article Ad
Emiac Technologies, a digital marketing firm leveraging AI for innovative solutions, launched its IPO on March 27, which will conclude on April 8. The price band is set at ₹93 to ₹98 per equity share, with a minimum bid of 1,200 shares. As of day 6, the IPO has been subscribed 1.24x, with the retail segment leading at 1.34x. The company aims to raise ₹31.75 crore by offering 32.4 lakh shares to fund acquisitions of technology and support services, alongside working capital and marketing efforts. Notably, the shares are currently trading at their issue price with no premium in the grey market, indicating stable investor sentiment. Key investors include Abundantia Capital, Rajasthan Global Securities, and AmitSG Venture Fund. The book running lead manager for the IPO is Smart Horizon Capital Advisors Pvt Ltd.
Advertisement
In-Article Ad
The successful IPO could enhance Emiac Technologies' operational capabilities, potentially leading to job creation and improved services in the digital marketing sector.
Advertisement
In-Article Ad
Reader Poll
Are you considering investing in the Emiac Technologies IPO?
Connecting to poll...
More about Emiac Technologies
Read the original article
Visit the source for the complete story.




