EMA Partners India shares are proposed to be listed on NSE Emerge’s Small and Medium Enterprises (SME) platform. Investors can bid for a minimum of 1,000 shares and multiples thereof.
EMA Partners India IPO.
Mumbai-based EMA Partners India on Saturday said it is seeking to raise Rs 76 crore on NSE’s Emerge platform through an initial public offering, which will open for public subscription on January 17. Issue with a price band of Rs 117-124. Will end on January 21. Bidding for anchor investors will open for one day on January 16, the company said in a statement.
At the upper end of the price band, the company will collect around Rs 76.01 crore.
The company’s shares are proposed to be listed on NSE Emerge’s Small and Medium Enterprises (SME) platform. Investors can bid for a minimum of 1,000 shares and in multiples thereof, it added.
According to Read, the initial public offer (IPO) is a fresh issue of 53.34 lakh equity shares, aggregating to Rs 66.14 crore and an offer for sale of up to 7.96 lakh shares by the promoters – Krishnan Sudarshan and Subramaniam Krishna Prakash. . Herring Prospectus (RHP) filed on 9 January.
Shekhar Ganapathy, a public shareholder, will also offload stake in the company.
The promoters and promoter group of EMA Partners own 86.14 per cent stake, while public shareholders hold 13.86 per cent.
According to RHP, the company will use the proceeds to expand the leadership team for the company and its subsidiaries, upgrade existing IT infrastructure and make capital expenditures to repay debt.
The funds will also be used for general corporate purposes and undisclosed inorganic acquisitions.
EMA Partners India Ltd claims to be one of the leading executive search firms providing customized leadership recruitment solutions to a wide range of clients across diverse sectors. The company has recruited several business and operational leaders for domestic and international clients.
The company, along with its subsidiaries including James Douglas Professional Search India and MyRCloud, covers the entire spectrum of white-collar hiring from entry-level opportunities to senior leadership.
Incorporated in September 2003 as Executive Management Associates India Pvt Ltd by Krishnan Sudarshan (Chairman & MD) and Subramaniam Krishna Prakash. Later, the name of the company was changed to EMA Partners India.
Indorient Financial Services is the sole book-running lead manager while Bigshare Services is the registrar for the IPO.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed. PTI)