EMA Partners India to Launch IPO on January 17

EMA Partners India Ltd, a prominent executive search firm, was established in September 2003 as Executive Management Associates India Pvt Ltd by founders Krishnan Sudarshan and Subramanian Krishnaprakash. The company was later renamed EMA Partners India. 

IPO Details 

The company is set to launch its Initial Public Offering (IPO) on the NSE’s Emerge platform, opening for public subscription on January 17, 2025 and closing on January 21, 2025. The IPO comprises a fresh issue of up to 53.34 lakh equity shares, aggregating up to ₹66.14 crores, and an offer for sale component of up to 7.96 lakh shares by promoters and a public shareholder, totalling ₹9.87 crores. 

The price band for the issue is set between ₹117 and ₹124 per share, with investors able to bid for a minimum of 1,000 shares and in multiples thereof. The shares are proposed to be listed on the Small and Medium Enterprises (SME) platform of NSE Emerge, with the listing date tentatively fixed for January 24, 2025. 

IPO Fund Utilisation 

The company plans to utilise the proceeds from the IPO to augment its leadership team, upgrade existing IT infrastructure, repay debt, and pursue unidentified inorganic acquisitions. Indorient Financial Services is acting as the sole book-running lead manager for the IPO, while Bigshare Services is the registrar. 

About EMA Partners India

EMA Partners India Ltd. is recognised as one of the leading executive search firms, delivering customised leadership hiring solutions across diverse sectors. Along with its subsidiaries, including James Douglas Professional Search India and MyRCloud, the company covers the entire spectrum of white-collar hiring, from entry-level positions to senior leadership roles.

Objective of the IPO

The company intends to utilise the net proceeds from the fresh issue for the following purposes: strengthening the leadership team for both the company and its subsidiaries, capital expenditure to upgrade the existing IT infrastructure of the company and its subsidiaries, repayment or prepayment in full of borrowings incurred by the company for the purchase of office premises, and general corporate purposes.

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