EMA Partners India Limited, an executive search and leadership advisory firm, is launching its IPO valued at ₹76.01 crores. The offering comprises a fresh issue worth ₹66.14 crores (53.34 lakh shares) and an offer for sale worth ₹9.87 crores (7.96 lakh shares). The subscription period runs from January 17-21, 2025, with the company set to make its debut on the NSE SME platform on January 24, 2025.
The equity shares, carrying a face value of ₹5, are priced between ₹117-124 per share with a lot size of 1,000 shares. Retail investors can participate with a minimum investment of ₹124,000 per lot, while HNIs need to commit to at least two lots (₹248,000). With the allotment notifications scheduled for January 22, savvy investors might want to mark their calendars for this upcoming opportunity in the recruitment sector.
EMA Partners India Limited IPO is a fundraise worth ₹76.01 crores comprising a fresh issue and an offer for sale with 307,000 shares reserved for the market maker Alacrity Securities Limited. Qualified Institutional Buyers are being offered not more than 50% of the net issue, retail investors are being offered not less than 35% of the net issue and Non-Institutional Investors (NIIs) / High Net-worth Individuals (HNIs) are being offered not less than 15% of the net issue. The IPO will be available for subscription from January 17, 2025, to January 21, 2025, providing an opportunity for investors looking to gain a stake in the recruitment space.
| EMA Partners India IPO date | January 17, 2025 - January 21, 2025 |
| Price band / Fixed price | ₹117 to ₹124 per share |
| Face value | ₹5 per share |
| Lot size | 1000 shares |
| Issue type | Book Built Issue IPO |
| Fresh issue size | 53,34,000 shares amounting to ₹66.14 crores |
| Offer for Sale (OFS) | 7,96,000 shares amounting to ₹9.87 crores |
| Total issue size | 61,30,000 shares amounting to ₹76.01 crores |
| Listing at | NSE SME |
| Market maker portion | 307,000 - Alacrity Securities Ltd |
| Shareholding post-issue | 2,32,46,426 shares |
| Shareholding pre-issue | 1,79,12,426 shares |
The EMA Partners India Limited IPO opens for subscription on January 17, 2025, and closes on January 21, 2025, with allotment scheduled for January 22, 2025.
| IPO open date | January 17, 2025 (Friday) |
| IPO close date | January 21, 2025 (Tuesday) |
| Basis of allotment | January 22, 2025 (Wednesday) |
| Initiation of refunds | January 23, 2025 (Thursday) |
| Credit of shares to Demat account | January 23, 2025 (Thursday) |
| Listing date on BSE / NSE SME | January 24, 2025 (Friday) |
| Cut-off time for UPI mandate confirmation | 5 PM on January 21, 2025 (Tuesday) |
EMA Partners India Limited, established in 2003, is a prominent executive search firm specializing in leadership hiring solutions. Headquartered in Mumbai, the company has expanded its global footprint with subsidiaries in Singapore (2010), Dubai (2017), and Dubai (James Douglas, 2022). EMA Partners India offers two core services: Executive Search and Leadership Advisory, catering to clients across various sectors by recruiting business and functional leaders globally. The firm specializes in C-suite and board-level hiring, while James Douglas focuses on mid-to-senior-level recruitment across industries.
In addition to its traditional recruitment services, EMA Partners India has embraced innovative technology with MyRCloud, an AI-driven platform designed to streamline the hiring process for entry and middle management positions. This platform enhances the efficiency of recruitment, providing clients with a more effective and faster solution to meet their talent needs. The firm has 117 full-time employees as of November 30, 2024. The company’s global presence, combined with its cutting-edge technology, positions EMA Partners India as a leader in the executive search space.
The company plans to raise funds to strengthen its leadership team both at the company level and across its subsidiaries, invest in upgrading its IT infrastructure, and repay or pre-pay borrowings related to the purchase of office premises. Additionally, the funds will be allocated for general corporate purposes and potential strategic acquisitions.
The EMA Partners India Limited IPO’s key performance indicators, as of March 31, 2024, reflect the company's financial health with a Return on Net-Worth (RoNW) stands at 30.63%, and the PAT Margin was 20.74%. The Price to Book Value was 3.92. The company’s market capitalisation is ₹288.26 crore.
| Period Ended | July 31, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue | 2,632.90 | 6,883.45 | 5,106.16 | 5,786.52 |
| Assets | 7,504.71 | 7,659.05 | 5,326.29 | 5,850.27 |
| Net Worth | 5,782.72 | 5,373.95 | 3,945.52 | 3,888.45 |
| Profit After Tax | 437.22 | 1,427.30 | 307.07 | 1,127.06 |
| Reserves & Surplus | 5,806.16 | 5,397.32 | 3,992.52 | 3,939.14 |
| Total Borrowing | 723.50 | 758.02 | 55.97 | 389.55 |
Amount in ₹ lakhs
The pre-IPO EPS is at ₹7.97 while the post-IPO EPS will be ₹5.64. Similarly, the pre-IPO Price to Earnings ratio is 15.56 and will become 21.98 post-IPO.
EMA Partners India Limited boasts a highly experienced leadership team with deep industry expertise, enabling the company to offer a comprehensive suite of recruitment and leadership advisory services. The firm has established robust relationships with C-suite executives across multiple markets, helping secure recurring business.
Leveraging cutting-edge technology, including its AI-driven MyRCloud platform, EMA Partners enhances its operational efficiency, while also maintaining strong client relationships, particularly with marquee clients. The company’s global presence, spanning India, Singapore, and Dubai, facilitates access to an expansive talent pool and diverse opportunities, positioning EMA Partners as a leader in the executive search and leadership advisory space.
Despite its strengths, EMA Partners faces risks tied to its dependence on large clients, with a significant portion of its revenue coming from a few key accounts. Any changes in these clients' financial health or business strategies could impact the company's operations. The firm also faces considerable competition from both domestic boutique firms and global players, which could lead to reduced market share or pressure to lower service fees.
Moreover, potential regulatory risks, such as changes in labour laws or tax policies, could create operational challenges. The company is also exposed to the risks of intellectual property protection, employee retention, and the ability to scale its technology platform, which are critical to sustaining its growth and competitiveness.
Investing early in EMA Partners India Limited could provide an opportunity to be part of the company’s growth in the recruitment and leadership advisory sector. However, potential investors should thoroughly evaluate key factors such as the company’s operational history, financial performance, market dynamics, and growth plans, alongside their individual investment goals and risk tolerance. To make an informed decision, it is advisable to carefully review the offer document and consult with a financial advisor if necessary before participating in this IPO.
What is the EMA Partners India Limited IPO?
The EMA Partners India Limited IPO is an NSE SME offering consisting of a fresh issue of 53.34 lakh shares and an offer for sale of 7.96 lakh shares with a face value of ₹5 per share, aiming to raise ₹76.01 crores. The price band has been set between ₹117 to ₹124 per share, with a minimum order quantity of 1,000 shares. This IPO will be open for subscription from January 17, 2025, to January 21, 2025. Indorient Financial Services Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar while Alacrity Securities Limited is the market maker.
When will the EMA Partners India IPO open?
The EMA Partners India Limited IPO will open for subscription on January 17, 2025, and will close on January 21, 2025.
When is the EMA Partners India IPO listing date?
The tentative listing date for the EMA Partners India Limited IPO is Friday, January 24, 2025.
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