NEW DELHI: Mumbai-based EMA Partners India on Saturday mentioned it’s trying to raise Rs 76 crore on the NSE’s Emerge platform by means of an preliminary public providing, which can open for public subscription on January 17. The difficulty with a value band of Rs 117. -124 apiece will conclude on January 21. The bidding for anchor traders will open for a day on January 16, the corporate mentioned in an announcement.
At the higher finish of the worth band, the corporate will raise about Rs 76.01 crore.
The shares of the corporate are proposed to be listed on the Small and Medium Enterprises (SME) platform of NSE Emerge. Investors can bid for at least 1,000 shares and in multiples thereof, it added.
The preliminary public providing (IPO) is a contemporary difficulty of up to 53.34 lakh fairness shares, aggregating up to Rs 66.14 crore and a suggestion on the market part of up to 7.96 lakh shares by promoters — Krishnan Sudarshan and Subramanian Krishnaprakash, in accordance to the pink herring prospectus (RHP) filed on January 9.
Shekhar Ganapathy, a public shareholder, may even offload shares within the firm.
The promoters and promoter group of EMA Partners personal an 86.14 per cent stake, whereas public shareholders maintain 13.86 per cent.
As per the RHP, the corporate will make the most of proceeds in direction of augmenting the management staff for the corporate and its subsidiaries, capital expenditure in direction of upgrading the prevailing IT infrastructure and debt reimbursement.
Funds may even be used for common company functions and unidentified inorganic acquisitions.
EMA Partners India Ltd claims to be one of many main government search companies delivering personalized management hiring options to a variety of shoppers throughout numerous sectors. The firm has recruited a number of enterprise and practical leaders for home and worldwide shoppers.
The firm, together with its subsidiaries, together with James Douglas Professional Search India and MyRCloud, cowl all the spectrum of white-collar hiring proper from entry-degree alternatives to senior management.
Incorporated in September 2003 as Executive Management Associates India Pvt Ltd by Krishnan Sudarshan (Chairman and MD) and Subramanian Krishnaprakash. Later, the corporate was renamed as EMA Partners India.
Indorient Financial Services is the only ebook working lead supervisor whereas Bigshare Services is the registrar for the IPO.
