New Delhi, March 27 -- The initial public offering (IPO) of Emiac Technologies opened for public subscription on Friday, March 27. The book build issue is witnessing tepid buying interest, as grey markets also reflect low demand for the stock.

Meanwhile, the company has raised Rs.8.70 crore from anchor investors as it finalised the allocation of 8.88 lakh shares at a price of Rs.98 per share.

According to grey market sources, the GMP (grey market premium) of Emiac Technologies shares was nil on Friday morning. This indicates the stock could list at par with the issue price.

By 12:01 pm on Friday, the issue had seen an overall subscription of nearly 0.03 times, with the retail portion booked 0.03 times, and the segment reserved for NIIs...