- Price band is fixed at ₹117 to ₹124 per Equity Share of face value of ₹5 each.
- Bid/Offer Period will close on Tuesday, January 21, 2025.
- Bids can be made for a minimum of 1,000 Equity Shares and in multiples of 1,000 Equity Shares thereafter.
NE BUSINESS BUREAU
AHMEDABAD, JAN 16
Mumbai-based EMA Partners India Limited on Thursday announced it is set to raise up to ₹76 crores through Initial Public Offering (IPO) of its Equity Shares and the Equity Shares are scheduled to be listed on the EMERGE platform of NSE.
The IPO will be open for subscription on Friday, January 17, 2025 and close on Tuesday, January 21, 2025 with price band ranging between ₹117-124. The bidding for anchor investors will open for a day on January 16, the company said in a statement.
At the upper end of the price band, the company will raise about ₹76.01 crore.
The proceeds of the Fresh Issue will be utilised for building of leadership team, upgrading IT infrastructure, debt repayment and General Corporate Purpose and Unidentified Acquisitions.
The IPO comprises Fresh Issue of up to 53,34,000 Equity Shares, aggregating up to ₹ 66.14 Crores and an Offer For Sale (OFS) of up to 7,96,000 Equity Shares by the Promoter Selling Shareholders viz. Krishnan Sudarshan and Subramanian Krishnaprakash and Individual Selling Shareholder, Shekhar Ganapathy.
“We are strategically positioned in India, UAE and Singapore as these are the fastest-growing recruitment markets with Singapore and UAE bringing in 32% business,” said Krishnan Sudarshan, Chairman & Managing Director, EMA Partners India Limited.
With AI and technology becoming a ‘way of life’ presently, the process of identifying candidates takes barely three minutes and the company’s IT improvement efforts are focused on AI’s +curated interview Bots.+
“Additional capital will help bolster our global coverage,” he said while pointing out that many Indian companies have become multi-million-dollar global companies and the present is witnessing the concept of retirement moving away from India to the global stage of people working beyond that age.
EMA Partners India Limited is one of the leading executive search firms delivering customised leadership hiring solutions to a wide range of clients across diverse sectors. The company has recruited several business and functional leaders for domestic and international clients. The revenue from operations and Profit after tax of the Company for the Fiscal 2024 was ₹67.29 crores and ₹14.27 crores, respectively.
EMA Partners mainly focusses on hiring for C- Suite and Board Level positions across India, Middle East and Singapore. The company, headquartered in Mumbai, has offices in Chennai, Gurgaon and Bengaluru. With a view to tap into the global talent and client pool, the company expanded its operations in South East Asia by setting up a subsidiary EMA Partners Singapore Pte Ltd in Singapore in September 2010. Later, the Company saw growth opportunities in Middle East and set up 2 subsidiaries – EMA Partners Executive Search Limited (Dubai) in March 2017 and James Douglas Professional Search Limited (Dubai) in July 2022.
Indorient Financial Services Limited is the sole Book Running Lead Manager while Bigshare Services Private Limited is the Registrar for the IPO.
