Mumbai-based specialised hiring solutions provider EMA Partners India Ltd. launched its initial public offering (IPO) on Friday. The company aims to raise Rs 76 crore from the primary markets.

EMA Partners India is an executive search firm offering specialised hiring services to its clients. The IPO will be available for bidding till Jan. 21.

The investors planning to invest in EMA Partners India IPO can check these key details before submitting their bids.

EMA Partners India IPO: Offer Size, Price Band And Minimum Investment

EMA Partners India IPO is a combination of a fresh issue of 53.34 lakh shares, worth Rs 66.14 crore, and an offer for sale of 7.96 lakh shares, amounting to Rs 9.87 crore. The price band for the book-built issue has been fixed at Rs 117 to Rs 124 per share.

The company has reserved 50% of the net offer for qualified institutional buyers (QIBs) and 35% of the shares offered for retail investors. Non-institutional investors may place bids for up to 15% of the net issue.

Retail investors are required to apply for a minimum of 1,000 shares, amounting to an investment of Rs 1.24 lakh per application for at least a single lot size.

The share allotment status for the EMA Partners India IPO is expected to be finalised on Jan. 22. This will be followed by the credit of shares to the Demat accounts of successful bidders and the initiation of refunds for the non-allottees on Jan. 23.

Shares of EMA Partners India are scheduled to be listed on the NSE SME platform, Emerge, on Jan. 24.

The company has appointed Indorient Financial Services Ltd. as the sole book-running lead manager for the IPO, whereas Bigshare Services Pvt. is the issue registrar. Alacrity Securities Ltd. is the market maker for the SME IPO.

EMA Partners India IPO GMP

The grey market premium on the shares of EMA Partners India was nil at 7:42 a.m. on Jan. 17. According to InvestorGain, shares of EMA Partners India are likely to list flat at Rs 124 apiece on the NSE SME if the current GMP trends are sustained.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

EMA Partners India Business And Financials

EMA Partners India is an executive search company that offers specialised hiring solutions to its companies. The company specialises in CXO and other senior-level executive searches, Board Consulting and Director appointments across multiple industry verticals.

EMA Partners India has proposed to use the net proceeds from the IPO to augment its leader team and fund capital expenditure towards the IT infrastructure of the company. A portion of the IPO proceeds will also be used to settle EMA Partners India’s debts and for general corporate purposes.

Financials

EMA Partners India reported a revenue of Rs 26.32 crore in the 4 months ending on July 31, 2024, in the current fiscal. Its net profit for the period under review stood at Rs 4.37 crore.

In FY24, the company reported a revenue of Rs 68.83 crore, marking a 34.8% year-on-year jump from Rs 51.06 crore in the preceding financial year. Net profit surged over threefold to Rs 14.27 crore in FY24 from Rs 3.07 crore in FY23.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids. 

. Read more on IPOs by NDTV Profit.Shares of EMA Partners India are scheduled to be listed on the NSE SME platform, Emerge, on Jan. 24.  Read MoreIPOs 

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