EMA Partners India IPO Subscribed Over 200 Times So Far On Final Day; Check Latest GMP And Other Details
The grey market premium on the shares of EMA Partners India dropped to Rs 65 from Rs 75 on Tuesday.
EMA Partners India Ltd. launched its initial public offering (IPO) on Jan. 17. The company aims to raise Rs 76 crore from the primary markets. EMA Partners India is an executive search firm offering specialised hiring services to its clients. The IPO will be available for bidding till Tuesday evening.
The SME IPO was subscribed 0.53 times on the opening day while it was booked 16.74 times on the second day of bidding on Monday. On the final day of bidding on Tuesday, EMA Partners India IPO has been subscribed over 200 times so far.
The investors planning to invest in EMA Partners India IPO can check these key details before submitting their bids.
EMA Partners India IPO: Price Band And More
EMA Partners India IPO is a combination of a fresh issue of 53.34 lakh shares, worth Rs 66.14 crore, and an offer for sale of 7.96 lakh shares, amounting to Rs 9.87 crore. The price band for the book-built issue has been fixed at Rs 117 to Rs 124 per share.
Retail investors can apply for a minimum of 1,000 shares, amounting to an investment of Rs 1.24 lakh per application for at least a single lot size.
The share allotment status for the EMA Partners India IPO is expected to be finalised on Jan. 22. This will be followed by the credit of shares to the Demat accounts of successful bidders and the initiation of refunds for the non-allottees on Jan. 23.
EMA Partners India IPO Listing Date
Shares of EMA Partners India are scheduled to be listed on the NSE SME platform, Emerge, on Jan. 24.
The company has appointed Indorient Financial Services Ltd. as the sole book-running lead manager for the IPO, whereas Bigshare Services Pvt. is the issue registrar. Alacrity Securities Ltd. is the market maker for the SME IPO.
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EMA Partners India IPO Subscription Status: Day 3
The IPO has been subscribed 221.03 times as of 5:19 p.m. on Tuesday, as per market tracking site Chittorgarh.
QIB: 147.69 times
Non-Institutional Buyers: 444.07 times
Retail Investors: 167.3 times
The subscription status will be updated at regular intervals
EMA Partners India IPO GMP
The grey market premium on the shares of EMA Partners India dropped to Rs 65 from Rs 75 on Tuesday. According to InvestorGain, shares of EMA Partners India are likely to list at a premium of 52.42% at Rs 189 apiece on the NSE SME if the current GMP trends are sustained.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
EMA Partners India: Business And Financials
EMA Partners India is an executive search company that offers specialised hiring solutions to its companies. The company specialises in CXO and other senior-level executive searches, Board Consulting and Director appointments across multiple industry verticals.
EMA Partners India has proposed to use the net proceeds from the IPO to augment its leader team and fund capital expenditure towards the IT infrastructure of the company. A portion of the IPO proceeds will also be used to settle EMA Partners India's debts and for general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
