EMA Partners India Limited, a top executive search firm, has launched its Initial Public Offering (IPO), open for subscription from January 17 to January 21, 2025. The company aims to raise ₹76 crore through a combination of new shares and an offer for sale (OFS).
Key Details About the EMA Partners IPO
- IPO Size and Components
The IPO includes:- Fresh Issue: 53.34 lakh shares, raising ₹66.14 crore.
- Offer for Sale (OFS): 7.96 lakh shares, raising ₹9.87 crore.
- Price Band and Lot Size
The price band for the IPO is set between ₹117 and ₹124 per share. The minimum investment requires buying at least 1000 shares, which amounts to ₹1,24,000 at the upper price band. - Subscription Period
Investors can bid for shares from January 17 to January 21, 2025. The allotment of shares is expected on January 22, and the company’s shares are likely to be listed on January 24 on the NSE SME platform.
IPO Subscription Status
On the first day of bidding (January 17):
- The IPO was subscribed 0.06 times overall.
- Retail investors subscribed to 0.11 times the shares reserved for them.
- Non-Institutional Investors (NII) subscribed to 0.04 times.
- Qualified Institutional Buyers (QIB) had not yet placed any bids.
The Grey Market Premium (GMP), an informal indicator of investor interest, was reported as nil on January 17. This suggests that the shares might list close to their issue price of ₹124.
EMA Partners India is a well-known executive search firm. It helps businesses hire leaders and senior professionals across various industries. With a strong presence across India and a global network, the company caters to diverse hiring needs, making it a trusted name in leadership recruitment.
EMA Partners India’s IPO provides investors with an opportunity to participate in the growth story of a leading executive search firm. Retail and institutional investors alike are watching the subscription progress closely, and the listing date of January 24 is eagerly awaited.
While IPOs can be an exciting investment opportunity, it is essential to research thoroughly before investing in any IPO. Analyze the company’s financial performance, growth prospects, and industry position to make an informed decision.
