EMA Partners India SME IPO: The IPO of Mumbai-based EMA Partners India is scheduled to open on January 17. The company intends to raise Rs 76.01 crore through SME IPO. The price band of Rs 117-124 per share has been fixed for the public issue. The company has given this information today on Saturday. Investors will have the opportunity to invest in it till January 21. The company said in a statement that bidding for anchor investors will open for one day on January 16.
About EMA Partners India SME IPO
EMA Partners India’s shares are proposed to be listed on the Small and Medium Enterprises (SME) platform of NSE Emerge. Investors can bid for a minimum of 1000 shares and multiples thereof. According to the red herring prospectus (RHP) filed on January 9, 53.34 lakh fresh equity shares worth Rs 66.14 crore will be issued under the IPO.
Additionally, 7.96 lakh shares will be sold through Offer for Sale (OFS) by the promoters – Krishnan Sudarshan and Subramaniam Krishnaprakash. Public shareholder Shekhar Ganapathy will also sell shares in the company. The promoters and promoter group of EMA Partners hold 86.14 per cent stake in the company, while public shareholders hold 13.86 per cent.
Where will EMA Partners India use the funds?
According to RHP, EMA Partners India will use the funds to enhance the leadership team and upgrade the existing IT infrastructure for the company and its subsidiaries. Apart from this, the funds will also be used to repay the loan. The funds will also be used for general corporate purposes and undisclosed inorganic acquisitions.
EMA Partners India’s business
EMA Partners India Limited claims to be one of the leading executive search firms providing customized leadership hiring solutions to its clients across multiple sectors. The company has recruited a number of business and functional leaders for domestic and international clients. The company, together with its subsidiaries, including James Douglas Professional Search India and MyRCloud, covers white-collar hiring, ranging from entry-level opportunities to senior leadership positions.
Founded in September 2003 as Executive Management Associates India Private Limited by Krishnan Sudharshan (Chairman and MD) and Subramanian Krishnaprakash, the company was later renamed EMA Partners India. IndoOrient Financial Services is the sole book running lead manager for this IPO, while BigShare Services is acting as the registrar.
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