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Emiac Technologies IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

Emiac Technologies Limited is a digital marketing and technology-driven services company offering solutions like digital campaigns, branding, influencer marketing, and performance marketing. The company earns revenue by executing marketing campaigns and providing strategic digital solutions to clients across sectors. Its services are widely used by businesses to enhance online visibility, customer acquisition, and brand engagement, making it a key partner in digital transformation and growth strategies.

Emiac Technologies an Book Built Issue, amounting to ₹ 31.75 Crore,consisting entirely an fresh issue of 0.32 crore shares of   31.75 crores.The subscription period for the Emiac Technologies IPO opens on March 27, 2026, and closes on April 08, 2026. The allotment is expected to be finalized on or about April 09 2026, Thursday, and the shares will be listed on the BSE SME with a tentative listing date set on or about Monday, April 13, 2026.

The Share Price Band of Emiac Technologies IPO is set at ₹93 to ₹98 per share  per equity share. The Market Capitalisation of the Emiac Technologies at IPO price of ₹98  per equity share will be ₹ 119.98 Cr. The lot size of the IPO is  1,200 shares. Retail investors are required to invest a minimum of  235,200 2 lots ( 2,400 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is 3 lots ( 3,600 shares), amounting to  352,800.

Smart Horizon Capital Advisors Private Limited, the book running lead manager of the Emiac Technologies. while Bigshare Services Private Limited is the registrar for the issue.The Market Maker of the company is  Shreni Shares Ltd.

Emiac Technologies Limited IPO GMP Today
The Grey Market Premium of Emiac Technologies IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Emiac Technologies Limited IPO Live Subscription Status Today: Real-Time Update
The subscription period for the Emiac Technologies IPO opens on March 27, 2026

Emiac Technologies Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Emiac Technologies IPO allotment date is April 09 2026, Thursday, Emiac Technologies IPO Allotment will be out on April 09 2026, Thursday, and will be live on Registrar Website from the allotment date.
Bigshare Services Private Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Emiac Technologies IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Emiac Technologies Limited IPO
Emiac Technologies 
to utilise the Net Proceeds towards the following objects:
1. ₹572.14 Lakhs is required for Funding requirements towards Purchase of computers, laptops, other related accessories, Purchase of software subscriptions and cloud hosting;
2. ₹880.00 Lakhs is required for Funding Working Capital Requirements of our Company;
3. ₹541.50 Lakhs is required for Hiring of Manpower in our Company;
4. ₹390.00 Lakhs is required for Branding, Advertisement and Marketing activities and
5. General Corporate Expenses

Refer to Emiac Technologies Limited RHP for more details about the Company.

Emiac Technologies Limited Day Wise IPO GMP Trend
GMP Date Issue Price Expected Listing Price GMP Last Updated
March 23, 2026 ₹ 98 ₹ 98 ₹0(0.0%) 23 March 2026; 11:11 AM
Emiac Technologies IPO Details
Market Capitalization ₹119.98 Cr
IPO Date March 27, 2026 to April 08, 2026
Listing Date April 13, 2026
Face Value ₹10 Per Share
Price Band ₹93 to ₹98 per share
Issue Price ₹98 per share
Employee Discount NA
Lot Size 1200 Equity Shares
Total Issue Size 32,40,000 Equity Shares (aggregating to ₹31.75 Cr)
Fresh Issue 32,40,000 Equity Shares (aggregating to ₹31.75 Cr)
Offer for Sale NA
Issue Type Book Built Issue
Listing At BSE SME
Share holding pre issue 90,03,149
Share holding post issue 1,22,43,149
Rating Avoid
Emiac Technologies IPO Anchor Investors Details
Bid Date N/A
Shares Offered N/A
Anchor Portion Size (In Cr.) N/A
Anchor lock-in period end date for 50% shares (30 Days) N/A
Anchor lock-in period end date for remaining shares (90 Days) N/A
Emiac Technologies IPO Timeline (Tentative Schedule)
IPO Open Date Fri, Mar 27, 2026
IPO Close Date Wed, Apr 8, 2026
Basis of Allotment Thu, Apr 9, 2026
Initiation of Refunds Fri, Apr 10, 2026
Credit of Shares to Demat Fri, Apr 10, 2026
Listing Date Mon, Apr 13, 2026
Cut-off time for UPI mandate confirmation Thu, Apr 9, 2026
Emiac Technologies IPO Reservation
Investor Category Shares Offered Reservation %
QIB Portion 1,536,000 Not less than 50% of the Net Offer
Non-Institutional Investor Portion 460,800 Not more than 15% of the Net Issue
Retail Shares Offered 1,075,200 Not more than 35% of the Net Offer
Market Maker Portion 168,000 -
Emiac Technologies IPO Promoter Holding
Share Holding Pre Issue 68.00%
Share Holding Post Issue 50.00%
Emiac Technologies IPO Lot Size
Application Lots Shares Amount
Retail (Min) 2 2,400 ₹235,200
Retail (Max) 2 2,400 ₹235,200
S-HNI (Min) 3 3,600 ₹352,800
S-HNI (Max) 8 9,600 ₹940,800
B-HNI (Min) 9 10,800 ₹1,058,400
Emiac Technologies IPO Subscription Status
Investor Category Shares Offered Shares Bid For No of Times Subscribed Last Upadeted
Qualified Institutional Buyers (QIB) 1,536,000 6,38,400 0.42x 09 April 2026; 12:16 PM
Non Institutional Investors(NIIS) 628,800 23,19,600 3.69x 09 April 2026; 12:16 PM
Retail Individual Investors (RIIs) 1,075,200 40,82,400 3.80x 09 April 2026; 12:16 PM
Total 3,240,000 70,40,400 2.17x 09 April 2026; 12:16 PM
About Emiac Technologies Limited

Emiac Technologies Limited is a digital marketing and technology-driven services company offering solutions like digital campaigns, branding, influencer marketing, and performance marketing. The company earns revenue by executing marketing campaigns and providing strategic digital solutions to clients across sectors. Its services are widely used by businesses to enhance online visibility, customer acquisition, and brand engagement, making it a key partner in digital transformation and growth strategies.

Key Clients & Facilities
The company serves 122 active clients across sectors such as BFSI, FMCG, travel, media, and marketing agencies, showing a diversified client base. It operates primarily from its Jaipur-based registered office, which functions as its main operational and service delivery centre. The company follows a lean infrastructure model, leveraging internal teams for strategy and outsourcing execution tasks, allowing scalability without heavy capital investment.

Product Portfolio & Order Book
Emiac offers services like digital campaigns, influencer marketing, branding, and AI-led marketing strategies, which directly impact clients’ customer acquisition and lifecycle management. These services help clients in lead generation, engagement, and retention phases. The company has a strong execution pipeline, supported by 122 active clients and increasing campaign budgets, ensuring continuous order inflow and execution scalability through internal teams and external partnerships.

Capex, Expansion & Future Plans
The company plans to expand its in-house capabilities, reduce dependency on outsourcing, and improve operational efficiency. It aims to invest in team expansion, technology upgrades, and AI-driven marketing solutions. Growth will be supported through IPO proceeds, internal accrals, and bank financing. However, no alternate funding arrangements have been identified, making IPO proceeds critical for future expansion and execution timelines.

Employees & Bankers
As of January 31, 2026, the company had 38, full time employees. The Banker to the Company is ICICI Bank Limited, RBL Bank.

Management & Growth Vision

The company is promoted by Divya Gandotra (Managing Director), Shivam Bhateja, and Dushyant Gandotra, who bring experience in digital marketing and business strategy.

Management focuses on:

  • Expanding client base and long-term partnerships
  • Increasing share of high-value digital campaigns
  • Strengthening AI-led marketing capabilities
  • Improving operational efficiency through in-house teams

For funding expansion, the company relies on a mix of IPO proceeds, internal accrals, and bank borrowings.

The long-term vision is to become a full-stack digital marketing partner with scalable and technology-driven solutions.

Industry Overview

Emiac operates in the digital marketing and advertising industry, which is growing rapidly due to increasing internet penetration and digital adoption.

  • Indian Digital Advertising Industry Size: Estimated at ₹50,000+ crore, growing at ~20–25% CAGR
  • Global Digital Advertising Market: Over $600 billion, expected to grow at ~10–12% CAGR
  • Key Growth Drivers:
    • Rising internet users and smartphone penetration
    • Shift from traditional to digital advertising
    • Growth in e-commerce and online services

Market Leaders:

  • Global: Google, Meta, Amazon
  • India: WPP, Dentsu, local digital agencies

The industry is expected to grow strongly, driven by AI, influencer marketing, and data-driven campaigns, creating long-term opportunities for companies like Emiac.

Key Risk Factors

  1. High Dependence on Client Retention
    The company relies heavily on retaining existing clients. Any loss of key clients can significantly impact revenue, as a large portion of income comes from repeat business and ongoing campaigns.
  2. Dependence on Outsourcing Model
    A significant part of execution is outsourced to freelancers and agencies. This may impact quality control, timelines, and margins if not managed efficiently.
  3. Competitive Industry
    The digital marketing industry is highly competitive with low entry barriers, leading to pricing pressure and challenges in maintaining margins and client acquisition.
  4. No Alternate Funding Arrangements
    The company has no backup funding plans apart from IPO proceeds. Any delay or shortfall in IPO funds may impact expansion and growth plans.
  5. Technology & Trend Risk
    Rapid changes in digital platforms, algorithms, and marketing trends require continuous adaptation. Failure to keep up may reduce service effectiveness.
  6. Revenue Concentration Risk
    A significant portion of revenue comes from a limited number of clients or sectors, increasing vulnerability to sector-specific slowdowns.
  7. Operational Risk Due to Lean Structure
    The company operates with a lean team, which may create challenges in scaling operations efficiently during high demand periods.

Key Strengths & Opportunities

  1. Asset-Light Business Model
    The company follows a lean structure with outsourcing, reducing fixed costs and allowing scalability without heavy capital investment.
  2. Strong Client Base
    With 122 active clients, the company has a diversified and growing client portfolio, reducing dependency on a single segment.
  3. High Growth Industry Exposure
    Operating in digital marketing provides strong growth opportunities due to increasing digital adoption and advertising shift.
  4. Scalable Execution Model
    The combination of in-house strategy and outsourced execution allows the company to handle large campaigns efficiently.
  5. Focus on AI & Digital Innovation
    The company is focusing on AI-led marketing solutions, which can improve campaign effectiveness and provide a competitive edge.
  6. Expansion Opportunity in New Sectors
    The company is targeting new sectors and expanding its service offerings, which can increase revenue streams and market share.

 

Emiac Technologies Limited Financial Information (Restated Consolidated)

Amount in (₹ in Lakhs)

Period Ended Sep 30, 2025 Mar 31, 2025 Mar 31, 2024 Mar 31, 2023
Reserve of Surplus 456.52 731.07 129.70 46.12
Total Assets 2,008.46 1,693.71 318.84 150.88
Total Borrowings 130.09 0.83 0.43 0.03
Fixed Assets 48.67 38.16 32.82 27.16
Cash 255.01 465.04 40.38 27.71
Cash flow from operating activities -373.08 140.16 43.18 38.08
Cash flows from investing activities 36.27 -65.39 -30.31 -20.76
Cash flow from financing activities 126.79 349.89 -0.20 -0.87
Net Borrowing -124.92 -464.21 -39.95 -27.68
Revenue 1,448.79 2,005.69 538.38 295.03
EBITDA 618.79 592.24 123.86 59.77
PAT 454.77 421.37 83.58 38.76
PAT Margin 31.39% 21.01% 15.52% 13.14%
EPS 5.05 4.95 0.98 0.46

Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.

Key Performance Indicator
KPI Values
EPS Pre IPO (Rs.) 4.95
EPS Post IPO (Rs.) 3.44
Adjusted 12M EPS Post IPO (Rs.) 7.43
P/E Pre IPO 19.80
P/E Post IPO 28.47
Adjusted 12M P/E Post IPO 13.19
ROE 81.60%
ROCE 63.57%
P/BV 9.78
Debt/Equity 0.001
RoNW 46.71%
EBITDA Margin 29.83%
PAT Margin 21.01%
Emiac Technologies Limited IPO Peer Comparison
Company Name EPS P/E (x) ROE ROCE P/BV Debt/Equity RoNW (%)
Emiac Technologies 3.44 28.47 81.60% 63.57% 9.78 0.001 46.71%
Adcounty Media India 8.37 12.10 47.3 % 62.9 % 12.41 0.01 36.29%
Maxposure 3.74 9.22 12.9 % 16.3 % 1.70 0.12 11.27%
Emiac Technologies Limited Contact Details

Emiac Technologies Limited
Phone: +91 9119391191
Email: investors@nantatech.com
Websitehttps://emiactech.com/

Emiac Technologies IPO Registrar and Lead Manager(s)

Bigshare Services Private Limited
Phone: 022-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com/


Smart Horizon Capital Advisors Private Limited
Phone: : 022-28706822
Email: director@shcapl.com
Website: http://www.shcapl.com/

Emiac Technologies IPO Review

Emiac Technologies Limited is a digital marketing and technology-driven services company offering solutions like digital campaigns, branding, influencer marketing, and performance marketing. The company earns revenue by executing marketing campaigns and providing strategic digital solutions to clients across sectors. Its services are widely used by businesses to enhance online visibility, customer acquisition, and brand engagement, making it a key partner in digital transformation and growth strategies.


The Company is led by Promoter, i.e.,DIVYA GANDOTRA, SHIVAM BHATEJA AND DUSHYANT GANDOTRA

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,448.79 Lakh, ₹ 2,005.69 Lakh, ₹ 538.38 Lakh, and ₹ 295.03 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 618.79 Lakh, ₹ 592.24 Lakh, ₹ 123.86 Lakh, and ₹ 59.77 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 454.77 Lakh, ₹ 421.37 Lakh, ₹ 83.58 Lakh, and ₹ 38.76 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue  EPS of ₹  4.95 and post-issue EPS of ₹ 3.44 for FY25. The pre-issue P/E ratio is 19.80x,while the post-issue P/E ratio is 28.47x against the Industry P/E ratio is 10.66x The company's ROE for FY25 is 81.60% and RoNW is 46.71%The Annualised EPS is ₹ 7.43x and P/E is 13.19x , These metrics suggest that the IPO is Fully priced.

 
The Grey Market Premium (GMP) of Emiac Technologies showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the Emiac Technologies Limited, IPO for Listing gain or Long Term Purposes.


Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com

About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.

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