EMA Partners India SME IPO to Open on January 17

Mumbai-based EMA Partners India has announced its plan to raise Rs 76 crore through an initial public offering (IPO) on the NSE's Emerge platform. The subscription for the IPO will open on January 17 and conclude on January 21, with a price band set at Rs 117-124 per share.

Investors will have the opportunity to bid for a minimum of 1,000 shares, with the option to bid in multiples thereof. The IPO comprises a fresh issue of up to 53.34 lakh equity shares, aggregating up to Rs 66.14 crore, and an offer for sale component of up to 7.96 lakh shares by promoters Krishnan Sudarshan and Subramanian Krishnaprakash.

Utilization of IPO Proceeds

The proceeds from the IPO are earmarked for several strategic initiatives, including enhancing the leadership team, upgrading IT infrastructure, debt repayment, and general corporate purposes. Additionally, funds will be allocated for unidentified inorganic acquisitions, signaling the company's ambition for growth and expansion.

About EMA Partners India

EMA Partners India Ltd, established in September 2003, is a leading executive search firm known for delivering customized leadership hiring solutions across various sectors. The company, along with its subsidiaries, covers the entire spectrum of white-collar hiring, from entry-level positions to senior leadership roles.

Indorient Financial Services is the sole book running lead manager for the IPO, with Bigshare Services acting as the registrar. This move marks a significant milestone for EMA Partners India as it seeks to bolster its market presence and operational capabilities.