Emiac Technologies

• Emiac Technologies is coming out with an initial public offering (IPO) of 32,40,000 shares in a price band of Rs 93-98 per equity share. 
• The issue will open on March 27, 2026 and will close on April 8, 2026.
• The shares will be listed on SME Platform of BSE.
• The face value of the share is Rs 10 and is priced 9.3 times of its face value on the lower side and 9.8 times on the higher side.
• Book running lead manager to the issue is Smart Horizon Capital Advisors.
• Compliance Officer for the issue is Shivani Gupta.

Profile of the company

Emiac Technologies is an AI- based, technology and digital solutions company committed to empowering brands with useful digital marketing services. Its combined approach enables organizations to scale, improve operations, and build a lasting and sustainable digital presence. With a comprehensive suite of services spanning content creation, branding & online reputation management, digital marketing, and technical services & business automation, it serves as a one-stop partner for brands seeking long-term growth and digital transformation. It works closely with its clients to understand their business goals, challenges, and future potential, and then provide tailored solution that help them achieve their objectives.

The company is certified with ISO 10002:2018, ISO 9001:2015 and ISO/IEC 27001:2022. It is offering tailored solutions across a diverse range of sectors such as digital marketing, BFSI, Healthcare, IT & Technology, Education, Automobile etc. It bridges the gap by combining artificial intelligence, automation, and actionable insights with a human touch and creative thinking to deliver performance-driven marketing tailored for the digital age.

With a wide service offering and content at its core, it crafts digital strategies that support business outcomes. Its expertise covers marketing funnels, automation ecosystems, platform development, media planning and brand storytelling, allowing it to deliver connected and strong campaigns across both online and offline platforms. Whether it’s building awareness, improving conversion, or scaling operational efficiency, it has provided effective solutions for its clients by managing campaigns with clear reach, engagement, and ROI. 

Proceed is being used for:

• Funding requirement towards Purchase of computers, laptops, other related accessories, purchase of software subscriptions and cloud hosting
• Funding Working Capital Requirements 
• Hiring of Manpower in the company
• Branding, Advertisement and Marketing activities
• General corporate purpose

Industry overview

The Indian Media and Entertainment (M&E) industry is a sunrise sector for the economy and is making significant strides. The increasing availability of fast and cheap internet, rising incomes, and increasing purchases of consumer durables have significantly aided the industry. India’s media and entertainment industry are unique as compared to other markets. The industry is well known for its extremely high volumes and rising Average Revenue Per User (ARPU). 

India is rapidly emerging as a global creative powerhouse, driven by its talent pool, cultural richness, and technological advancements. Indian advertising revenues is projected to grow at a CAGR of 9.4% to reach Rs 1,58,000 crore ($19.2 billion) in FY28, which is 1.4x the global average of 6.7%. The Indian media and entertainment sector posted a robust 19.9% growth in 2022 and crossed the Rs 2 trillion ($24 billion) mark in annual revenue for the first time led by a sharp jump in the digital advertising mop-up. 

India's digital landscape is undergoing a significant transformation driven by the rise of its creator economy. In 2024, the projected revenue in the Digital Media market in India is expected to reach $10.07 billion. It is expected to contribute 38% to the overall advertising industry in India, on par with television. The OTT segment is likely to grow at a remarkable CAGR of 14.1% to reach Rs 21,032 crore ($2.55 billion) in 2026. Subscription services, which accounted for 90.5% of revenue in 2021, are projected to account for 95% of revenue by 2026.

Pros and strengths

Diverse client base spread across various industries: Owing to its diverse service portfolio, its client base is also diversified and spread across various geographies and industries. Its end-to-end solutions and integrated service offerings have allowed it to follow a horizontal marketing approach in its business operations. Its steady efforts and specific services have helped it in achieving a diversify clientele spread across inter alia, Digital marketing, BFSI, Healthcare, IT & Technology, Education, Automobile and many more industries. In additional to multiple industries, it offers its services across multiple geographies, as well. To reach a wider global audience, it offers its content services in various vernacular language, enabling brands to communicate across global and regional markets.

Recurring and non-recurring, repeat revenues from long standing client relationships: The company has long-standing relationships with its client. Its broad range of services offerings helps it to cross-sell to its existing customers as well as to acquire new client. It also conducts regular senior management reviews with its key client to engage with them for feedback and future opportunities. It combines its comprehensive range of service offerings with industry-specific needs to provide tailored solutions to its client across business verticals, industries and geographies. Its commitment to client satisfaction enables it to strengthen its relationships.

Transparent & Scalable Pricing Models: It recognises that different clients have different growth journeys. The company offers retainer models for long-term partnerships, project-based pricing for campaign-specific needs, and performance-linked models for ROI-driven clients. This flexibility means startups, SMEs, and enterprises alike can work with the company at a scale that suits them. All pricing is transparent, with no hidden costs. For growth-stage companies, its performance-linked models ensure they only pay in proportion to results achieved. For enterprises, its retainer structures allow predictable budgeting. This flexibility has helped the company to maintain long-term client relationships.

Risks and concerns

Heavy reliance on 10 customers: The company is highly dependent on certain key customers for a substantial portion of its revenues. Its top 10 customers contributed 79.07%, 76.64%, 61.78%, and 49.28% of its total revenue for the period ended September 30, 2025, and for the years ended 2024-25, 2023-24, and 2022-23, respectively. Hence, the loss of any of top clients, reduction in their marketing activities allocation to it, or failure to replace them could have a material adverse effect on its business, revenue growth, results of operations, cash flows, and reputation.

Absence of long-term contracts increases revenue volatility risk: The company operates predominantly on an order-to-order basis in the content creation and digital marketing industry. It has not entered into long-term contracts with any of its clients. The sales of its services to its customers are undertaken through purchase orders executed by its customers which are then fulfilled by the company. As a result, its revenue is subject to fluctuations depending on the timing, scale, and continuity of advertising campaigns initiated by individual clients. In the absence of long-term contractual commitments, clients may reduce, postpone, or cancel their advertising spend without incurring significant financial penalties. This exposes it to the risk of revenue volatility, especially in periods of economic slowdown, budget constraints, or shifts in marketing strategies. Its dependence on repeat business from a set of clients also means that any adverse change in the relationship with a key client could have a material impact on its financial performance.

Dependence on top 10 suppliers: The company relies on a limited number of suppliers for certain specific requirements in the course of its business, including technology tools, publishing networks, and platform-based solutions that complement its core offerings. While it does not maintain or own any proprietary media inventory, it leverages its partnerships with publishers, influencers, and automation platforms to deliver services that support content marketing, link building, digital campaigns, and business process automation. Its top 10 suppliers accounted for 90.01%, 84.43%, 69.56%, and 56.35% of its total purchases for the period ended September 30, 2025, and for the financial years 2024-25, 2023-24, and 2022-23, respectively. Any disruption or change in terms with these suppliers could impact its ability to deliver services, affecting its business, financial condition, and results of operations.

Outlook

Emiac Technologies is engaged in the business of providing services relating to Digital content writing, Digital Marketing and sale and services of softwares. It is an AI-driven, technology-enabled digital solutions company committed to empowering brands with scalable and results-oriented digital services. Its integrated approach enables organizations to scale efficiently, optimize operations, and build a strong and sustainable digital presence. On the concern side, its revenue is reliant on its operations within certain geographical regions. Any region-specific developments such as economic downturns, regulatory changes, or competitive pressures may impact its revenue and business performance. Further, its dependence on third-party platforms poses operational and financial threat to the company.  It works with multiple clients and delays or defaults in their payments could disrupt its cash flows. This may impact its working capital and profitability.  

The company is coming out with a maiden IPO of 32,40,000 equity shares of face value of Rs 10 each. The issue has been offered in a price band of Rs 93-98 per equity share. The aggregate size of the offer is around Rs 30.13 crore to Rs 31.75 crore based on lower and upper price band respectively. On performance front, revenue from operations has increased by 273.37% from Rs 531.80 lakh in Fiscal 2024 to Rs 1,985.62 lakh in Fiscal 2025. In Fiscal 2025, the company reported a net profit of Rs 421.37 lakh attributable to owners, marking an increase from Rs 83.58 Lakh in Fiscal 2024.

Its clients use services as strategic tools to pursue their growth motive. It aims to strengthen and grow its existing client relationships by becoming a strategic, long-term partner across their spectrum of digital needs. At the same time, it is actively targeting new client acquisition across emerging sectors particularly those seeking scalable, AI-led, and influencer-first digital strategies. It is enhancing its business development and marketing efforts to convert prospective clients into long-term partners. This dual approach of retaining and expanding enables it to reduce client concentration risk, increase average billing per account, and build a more diversified and sustainable revenue base.