EMA Partners IPO Listing: Shares of EMA Partners had a premium entry in the domestic market today but then slipped under the pressure of profit booking. Its IPO received a tremendous response and overall it received more than 221 times bids. Under the IPO, shares have been issued at a price of Rs 124. Today it has entered NSE SME at Rs 156.50, which means IPO investors got a listing gain of 26.21% (EMA Partners Listing Gain). However, the joy of IPO investors soon faded as the shares crashed. It fell to Rs 149.10 (EMA Partners Share Price), which means IPO investors are now making 20.24 percent profit.
EMA Partners IPO got strong response
EMA Partners’ ₹76.01 crore IPO was open for subscription from January 17-21. This IPO received a tremendous response from investors and overall it was subscribed 221.06 times. In this, the portion reserved for Qualified Institutional Buyers (QIB) was 147.69 times, the portion for Non-Institutional Investors (NII) was 444.08 times and the portion for retail investors was 167.35 times. Under this IPO, new shares worth Rs 66.14 crore have been issued. Apart from this, 7.96 lakh shares with face value of Rs 5 have been sold under the offer for sale window. The shareholders who sold the shares have received the money from the offer for sale. The money raised through new shares will be used to enhance the leadership team in the company and subsidiaries, upgrade the existing IT infrastructure, repay debt, make acquisitions and for general corporate purposes.
About EMA Partners
Established in 2003, EMA Partners is an executive search company that offers hiring services. It has two services – Executive Search and Leadership Advisory. It is headquartered in Mumbai and has one subsidiary in Singapore and two subsidiaries in Dubai. Talking about the financial health of the company, it had made a net profit of Rs 11.27 crore in the financial year 2022, which fell to Rs 3.07 crore in the next financial year 2023, but it recovered to Rs 38.41 crore in the next financial year 2024. During this period, the company’s revenue also saw fluctuations and it fell from Rs 57.87 crore in FY 2022 to Rs 51.06 crore in FY 2023, which then reached Rs 68.83 crore in FY 2024. Talking about the current financial year 2024-25, it has achieved a net profit of Rs 4.37 crore and revenue of Rs 26.33 crore in April-July 2024.