IPO Overview
Emiac Technologies Ltd. was incorporated as a private limited company on January 20, 2017, in Jaipur, Rajasthan. Over the years, the company has evolved from a private entity into a public limited company, officially changing its name to Emiac Technologies Ltd. in December 2024.
The company has positioned itself as a technology-enabled partner for brands looking to establish a sustainable digital presence, utilising artificial intelligence to optimise client operations. Its AI-powered service delivery model is built around four main pillars: content creation, branding and online reputation management, digital marketing, and technical services including business automation.
The company served 122 clients in FY2025, of which 41.8% were repeat clients contributing 45.67% to total revenue. Geographically, major domestic revenue came from Maharashtra (26.99%), Karnataka (23.68%), and Delhi (15.41%), while international markets such as the USA (16.37%) and Singapore (12.10%) drove global performance.
The IPO is a 100% fresh issue listing on BSE SME, opening on March 27, 2026 and closing on April 8, 2026.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Book Built – SME |
| Listing Exchange | BSE SME |
| IPO Open Date | 27 March 2026 |
| IPO Close Date | 08 April 2026 |
| Allotment Date | 09 April 2026 (Expected) |
| Refund Initiation | 10 April 2026 |
| Credit to Demat | 10 April 2026 |
| Listing Date | 13 April 2026 (Tentative) |
| Price Band | ₹93 – ₹98 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,200 shares |
| Minimum Investment (Retail) | ₹1,17,600 (approx) |
| Total Issue Size | 32,40,000 shares |
| Fresh Issue | 30,72,000 shares (excl. Market Maker) |
| Offer For Sale (OFS) | Nil |
Note: The entire IPO is a fresh issue — no promoter exit. All funds raised go directly to the company.
Issue Break-up
| Category | Shares Offered | % of Issue |
| Market Maker | 1,68,000 | 5.19% |
| Anchor Investors | 8,88,000 | 27.41% |
| QIB (excl. Anchor) | 6,24,000 | 19.26% |
| NII / HNI (B-NII > ₹10L) | 3,12,000 | 9.63% |
| NII / HNI (S-NII < ₹10L) | 1,56,000 | 4.81% |
| Retail Individual Investors | 10,92,000 | 33.70% |
| Total | 32,40,000 | 100% |
OFS / Selling Shareholders
There is no Offer for Sale (OFS) in this IPO. The issue is entirely a fresh capital raise of 30.72 lakh equity shares, meaning all proceeds will go directly to the company for business expansion.
Objects of the Issue (Fund Utilization)
| Purpose | Estimated Amount |
| Purchase of computers, laptops, accessories, software subscriptions & cloud hosting | ₹5.72 Cr |
| Working Capital Requirements | ₹8.80 Cr |
| Hiring of Manpower | ₹5.42 Cr |
| Branding, Advertisement & Marketing Activities | ₹3.90 Cr |
| General Corporate Purposes | Balance |
| Total | ~₹23.84 Cr |
The company has set aside ₹584.88 lakhs specifically for purchasing new computers, laptops, accessories, software subscriptions, and cloud hosting services to support its expanding employee strength and rising technology requirements of its AI-based services.
Lead Managers & Registrar
- Book Running Lead Manager: Smart Horizon Capital Advisors Pvt. Ltd.
- B/908, Western Edge II, Kanakia Space, Borivali East, Mumbai – 400066
- Email:
- Registrar to the Issue: Bigshare Services Pvt. Ltd.
- Email: [email protected] | Website: www.bigshareonline.com
- Market Maker: Shreni Shares Ltd.
Promoters & Management
Emiac Technologies Ltd. is led by its promoters — Divya Gandotra, Shivam Bhateja, and Dushyant Gandotra. Before the IPO, the promoters and the promoter group held 68% of the pre-issue equity share capital. After the IPO, this shareholding will be diluted as new equity is issued to the public, though the promoters will continue to maintain a significant ownership stake.
Board & Key Management:
| Name | Designation |
| Divya Gandotra | Managing Director |
| Shivam Bhateja | Chairman & Non-Executive Director |
| Dushyant Gandotra | Non-Executive Director |
| Chetan Kumar Joshi | Non-Executive Independent Director |
| Rachana Agarwal | Non-Executive Independent Director |
| Suresh Chand Yadav | CFO |
| Shivani Gupta | Company Secretary |
Company Details
Emiac Technologies Ltd. operates from its registered office in Jaipur, Rajasthan, with a technology-intensive infrastructure. The company enables creators and brands to build a sustainable digital presence and is a vital partner for creators and the digital economy in India.
Sectors Served: BFSI, Healthcare, IT & Technology, Education, Automotive
Revenue Mix (FY25):
| Service Segment | Revenue Contribution |
| Content Creation | 43.42% |
| Branding & Online Reputation Management | 31.80% |
| Digital Marketing | 14.75% |
| Technical Services & Business Automation | 10.03% |
Key Capabilities:
- AI-led content creation (blogs, articles, website copy, product descriptions)
- Search Engine Optimization (SEO) & Paid Campaigns
- Online Reputation Management (ORM) & PR Campaigns
- Business Process Automation & API Integrations
- Logistics, Inventory & Operations Automation
Certifications:
- ISO 9001:2015 (Quality Management)
- ISO 10002:2018 (Customer Satisfaction)
- ISO/IEC 27001:2022 (Information Security Management)
Registered Office: Plot No. 102, Maa Karni Nagar, Amrapali Marg, Vaishali Nagar Extension, Panchyawala, Jaipur, Rajasthan – 302034
Financial Snapshot
| Period | Total Income (₹ Lakhs) | PAT (₹ Lakhs) |
| FY23 | ₹295.03 | ₹38.80 |
| FY24 | ₹538.38 | — |
| FY25 | ₹2,005.69 | ₹421.91 |
Key Financial Metrics:
- Revenue surged nearly 4x from FY24 to FY25, jumping from ₹538 lakhs to over ₹2,005 lakhs — showing exceptional growth momentum.
- PAT rose sharply from ₹38.80 lakhs in FY23 to ₹421.91 lakhs in FY25, reflecting significant margin expansion.
Company Strengths
- Diverse client base across multiple industries with recurring and repeat revenues from long-standing client relationships.
- Exceptional revenue growth — nearly 4x jump in FY25 — showing strong business momentum.
- AI-first integrated service delivery model covering the full digital transformation value chain.
- International revenue presence — USA and Singapore contributing meaningfully to overall revenues.
- 100% fresh issue — all IPO proceeds directed towards business growth.
- Triple ISO certified — signals strong quality, customer satisfaction, and data security standards.
Key Risks & Challenges
- Small scale operations with only 38 employees as of January 2026 — execution capacity may be stretched as the company scales rapidly.
- Price band recently confirmed at ₹93–₹98 — full valuation metrics (P/E, EPS post-IPO) to be assessed once financials are mapped against issue price.
- Very competitive digital marketing and AI services market with many well-funded established players.
- Client concentration and geographic revenue dependence — top few clients and states contribute disproportionately.
- Sustainability of such high revenue growth rates and consistency in scale-up are key monitorables for investors.
- GMP currently at NIL — no strong positive grey market signal yet ahead of opening.
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
