Emiac Technologies IPO Day 2 update: GMP trends and subscription status.
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Emiac Technologies' IPO started on March 27 and will end on April 8. The shares are priced between ₹93 and ₹98 each, and this is a new issue. The grey market activity is low, showing that investors are cautious. Investors are paying attention to how many shares are being subscribed and the expectations for the listing.
Emiac Technologies' IPO opened for subscription on March 27, but it has received a weak response, with only about 11% of the shares subscribed so far. The company raised ₹8.70 crore from anchor investors by selling shares at ₹98 each. Emiac Technologies is an AI-focused digital solutions company that provides services like digital marketing, branding, content creation, automation, and tech support to help businesses grow effectively.
On the first day, the IPO was subscribed 0.11 times overall. Retail investors subscribed at 0.09 times, non-institutional investors at 0.23 times, and there was no participation from qualified institutional buyers. The latest grey market premium (GMP) is ₹0, which indicates that the expected listing price will be around ₹98, implying no expected gains for investors at this time.
This IPO is a book-built offering of ₹31.75 crore, consisting entirely of new shares. The price range is set between ₹93 and ₹98 per share, and the minimum investment for retail investors is ₹1,17,600. The issue will remain open until April 8, with share allotment expected on April 9 and listing on April 13 on the BSE SME platform. The funds raised will be used for technology improvements, working capital, hiring, branding, and general corporate expenses.
On the first day, the IPO was subscribed 0.11 times overall. Retail investors subscribed at 0.09 times, non-institutional investors at 0.23 times, and there was no participation from qualified institutional buyers. The latest grey market premium (GMP) is ₹0, which indicates that the expected listing price will be around ₹98, implying no expected gains for investors at this time.
This IPO is a book-built offering of ₹31.75 crore, consisting entirely of new shares. The price range is set between ₹93 and ₹98 per share, and the minimum investment for retail investors is ₹1,17,600. The issue will remain open until April 8, with share allotment expected on April 9 and listing on April 13 on the BSE SME platform. The funds raised will be used for technology improvements, working capital, hiring, branding, and general corporate expenses.
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