EMA Partners India IPO GMP Drops Below 50% Ahead Of Allotment; 6 Steps To Check Status On Bigshare Services
The grey market premium of EMA Partners India was Rs 60 as of 7:58 a.m. on Jan. 22, implying a 48.39% gain over the IPO price, according to Investorgain.
The initial public offering of EMA Partners India Ltd. received a massive response from the investors. The SME IPO, which concluded on Tuesday, was subscribed 221.06 times, led by demand from non-institutional investors.
The Rs 76.01-crore IPO received bids for 90,12,62,000 shares against 40,77,000 shares on offer, as per market tracking site Chittorgarh.
The quota for non-institutional investors was subscribed 444.08 times while the portion for qualified institutional buyers (QIBs) received 147.69 times subscription. The category for retail individual investors (RIIs) garnered 167.35 times bidding.
The IPO was subscribed 16.74 times on day two of the subscription on Monday. It was subscribed 0.53 times on Friday, the first day of subscription.
The allotment for EMA Partners IPO is likely to be finalised on Wednesday, Jan. 22. The offer is set to list on NSE SME with a tentative listing date fixed as Jan. 24.
Investors who bid for the issue can check the allotment status on NSE and Bigshare Services Pvt. Ltd.
How To Check EMA Partners IPO Allotment On Bigshare Services
Visit the official website of the registrar Bigshare Services Pvt. here.
Click any of the server links.
Select 'EMA Partners India Limited' from the dropdown menu.
Enter any of these details (Application Number, Beneficiary ID or PAN).
Clear Captcha.
Click Search to get allotment details
Investors can also check the allotment status on the NSE website by logging into their account with a user id and password.
EMA Partners India IPO GMP
The grey market premium of EMA Partners India was Rs 60 as of 7:58 a.m. on Jan. 22, implying a 48.39% gain over the IPO price, according to Chittorgarh's unit Investorgain. The estimated listing price based on the GMP is Rs 184 per share. At its peak, the IPO's GMP touched Rs 108 on Jan. 19.
EMA Partners India IPO Details
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 was fixed at Rs 117 to Rs 124 per share.
Retail investors could 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 credit of shares to the Demat accounts of successful bidders and the initiation of refunds for the non-allottees will be done on Jan. 23.
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 red herring prospectus thoroughly before placing bids.
