EMA Partners India The IPO will open on January 17. The company is planning to raise Rs 76 crore through its initial public offering (IPO). The company said in a statement on Saturday that the price range for this issue has been fixed at Rs 117-124 per share. This issue will close on January 21. At the upper end of the price band, the company will raise around Rs 76.01 crore from the issue. Before the issue opens, anchors i.e. big investors will be able to bid on January 16. The shares of the company are proposed to be listed on the Small and Medium Enterprises (SME) platform of NSE Emerge.
Bidding will have to be done for 1,000 shares
Investors can bid for a minimum of 1,000 shares and in multiples thereof. According to the draft documents (RHP), the IPO includes a fresh issue of 53.34 lakh equity shares besides an offer for sale (OFS) of 7.96 lakh shares by the promoters – Krishnan Sudarshan and Subramaniam Krishnaprakash. Public shareholder Shekhar Ganapathy will also sell his stake in the company. The promoter and promoter group of EMA Partners hold 86.14 per cent stake, while public shareholders hold 13.86 per cent.
What’s going on GMP now?
According to InvestorGain, GMP for EMA Partners SME IPO has started from session 2. However, it is still too early to determine the direction of GMP. Therefore, there is no information regarding the GMP of this IPO right now. It is difficult to estimate right now what its value is in the gray market.
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