Emiac Technologies IPO Proceeds Utilization Report
Emiac Technologies Ltd has filed its IPO proceeds utilization report for the half-year ended September 30, 2026. The company raised ₹3175.20 Lakhs (₹31.75 Crore) through its Initial Public Offering. The auditor, N AVP & Associates, has provided limited assurance that the utilization details align with the company's unaudited books of accounts. Key utilization areas include funding requirements for computers, software, and cloud hosting (₹435.71 Lakhs), working capital (₹877.72 Lakhs), hiring manpower (₹16.68 Lakhs), branding and marketing (₹390.00 Lakhs), and general corporate purposes (₹455.24 Lakhs). Issue-related expenses amounted to ₹314.33 Lakhs. There were no deviations from the stated objects of the IPO.
Key Highlights
- IPO proceeds of ₹3175.20 Lakhs utilized as per offer document.
- No deviation reported from the stated objects of the IPO.
- Funds utilized across purchase of assets, working capital, and marketing.
- Auditor provided limited assurance on fund utilization.
- Report covers the period up to September 30, 2026.
Price Impact
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