EMA Partners India, one of the leading executive search firms delivering customized leadership hiring solutions to several sectors, will open its initial public offering for subscription on January 17 with a price band of Rs 117-124 per share.
The offer for public will close on January 21, while the anchor book for institutional investors will be opened for a day on January 16.
The company will finalise the IPO share allotment by January 22, and will list equity shares on the NSE Emerge on January 24.
It plans to raise Rs 76.01 crore via initial share sale which comprises of fresh issue up to 53.34 lakh shares, and an offer-for-sale of 7.96 lakh shares. Promoters (Krishnan Sudarshan, and Subramanian Krishnaprakash), and non-promoter Shekhar Ganapathy will be the selling shareholders in the offer-for-sale.
Promoters hold 86.14% stake in the Mumbai-based leadership hiring solutions provider, while 13.86% shares are owned by public shareholders including 1% stake by Negen Undiscovered Value Fund (Category III Alternate Investment Fund).
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In September 2024, the company had raised Rs 9.5 crore via private placement of 9,13,856 equity shares to several investors including Negen Undiscovered Value Fund, at a price of Rs 104 per share.
EMA Partners India that competes with listed entities like Quess Corp and TeamLease Services intends to utilise fresh issue proceeds for augmenting its leadership team, upgrading the existing IT infrastructure, repaying debt, and unidentified inorganic acquisitions.
The company, headquartered in Mumbai, has offices in Chennai, Gurgaon, Bengaluru in India, and Singapore and Dubai.
Indorient Financial Services is the sole booking running lead manager handling the public issue.
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