EMA Partners, CapitalNumbers Infotech IPO GMPs surges up to 53% amid strong demand

EMA Partners, CapitalNumbers Infotech IPO GMPs surges up to 53% amid strong demand

The initial public offerings (IPOs) of EMA Partners and CapitalNumbers Infotech witnessed strong investor demand and commanding strong premiums in the grey market.

EMA Partners, a Mumbai-based executive search firm, saw its maiden public issue receive an overwhelming response, with bids exceeding the offer size by 55 times. The company aims to raise Rs 76.01 crore through the IPO, which includes a fresh issue worth Rs 66.14 crore and an offer-for-sale (OFS) component of Rs 9.87 crore by existing shareholders. The price band for the issue was set at Rs 117-124 per share.

Market observers tracking grey market activities reported that EMA Partners' shares were commanding a premium of Rs 55, translating into a potential listing gain of approximately 44.35 percent over the upper price band, according to Investorgain. The company had earlier raised Rs 21.65 crore by allotting 17.46 lakh shares to 10 institutional investors through the anchor book on January 16.

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Meanwhile, the IPO of CapitalNumbers Infotech, a software development solutions provider, also attracted healthy investor interest.

CapitalNumbers is looking to raise Rs 169.37 crore through its IPO, which includes a fresh issue and an OFS of 32.2 lakh shares each, amounting to Rs 84.69 crore. The price band for the offering was fixed at Rs 250-263 per share. As of January 21, the shares were commanding a grey market premium of 44 percent , indicating potential gains for investors.

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