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EMA Partners India Limited is set to launch its Small and medium enterprise(SME) IPO on 17th January 2025 at the National Stock Exchange (SME) for a price band of Rs. 117 - 124 per share. It is a book-built issue for a size of Rs.76.01 Cr.

EMA Partners India Limited was started in 2003 and rose to become a leading executive search firm in India. Its operations span across Mumbai, Chennai, Gurgaon and Bengaluru in India and has overseas subsidies such as ‘EMA Partners Executive Search Limited’ and ‘James Douglas Professional Search Limited’ in Dubai and ‘EMA Partners Singapore Pte Ltd’ in Singapore. The company also has a London-domiciled company member firm by the name of ‘EMA Partners International Limited’. The company over the last two decades has offered hiring services across various white-collar sectors and through this IPO, It aims to utilize the net proceeds to make strategic corporate expenditure, improvements and repayments of debts.

All The Details Of The Upcoming EMA Partners India Limited IPO?

EMA Partners India Limited IPO
  • Issue Size:The size of the IPO is Rs. 76.01 cr.
  • Price Range:The range of prices for each equity share is Rs. 117 to Rs. 124.
  • Issue Type: The IPO book built issue type.
  • Lot Size: The IPO offers a lot size of 1000 equity shares.
  • Application:The maximum investment amount for regular investors is Rs. 2,00,000, while the range for high net worth persons is Rs. 2,00,000 to Rs. 5,00,000
  • Listing Date: The IPO is open to public for subscription from 17th January, 2025 and ends on 21st  January, 2025.
  • Stock Exchange: The IPO is going to be listed on NSE (SME).

Objectives Of The IPO EMA Partners India Limited

The main objective of the IPO is to utilize the net proceeds for the repayment of certain borrowings availed by the company, meet capital expenditure to upgrade its IT infrastructures and expand its corporate strategic initiatives.

 Also Learn: What is an IPO?

Financial Performance of EMA Partners India Limited

The table below summarises the financial performance of EMA Partners India Limited.

Amount is  in ₹ Lakhs

Particulars  

2024

2023

2022

Share Capital

4.23

4.23

5.00

Net Worth

5,373.96 

3,945.54 

3,888.47

Revenue from Operation

6,729.62 

5,014.28 

5,695.68

Total Income

6,883.45 

5,106.16

 5,786.52

Profit After Tax

1,427.30 

307.07 

1,127.06

Industry Outlook

The recruitment and staffing industry grew at a CAGR of 5.9 % in 2023-24 accumulating a revenue of Rs. 12,430cr. An average of 88% of young professionals are constantly switching careers for higher wages which would help boost this industry as the job market in India is expected to grow. The recruitment and staffing industry in India is projected to grow at a CAGR of 4.9% with revenue reaching up to 15,770cr by FY 2028-2029. 

Strengths and Risks of the EMA Partners India Limited IPO 

Strengths.

  • The company is a leading executive search firm that offers hiring solution to a wide range of domestic and international clients of various sectors with an experience of over 20+ years.
  • Its operations spans across Mumbai, Chennai, Gurgaon and Bengaluru in India and has overseas subsidies such as EMA Partners Executive Search Limited and James Douglas Professional Search Limited in Dubai and EMA Partners Singapore Pte Ltd in Singapore.
  • The company is a member firm of “EMA Partners International Limited” domiciled in London for more than two decades and has also expanded its operations in Singapore and UAE marking a strong international presence.
  • The company's revenue from operation for the last three fiscal years has been very profitable, and the staffing and recruitment industry is also projected to grow  at a CAGR of 4.9% with revenue reaching upto 15,770cr. by FY 2028-2029
  • Weakness

  • The company's international membership ‘EMA Partners International Membership Agreement’, is very important for the company’s operations and any failure to maintain this agreement or partnership could result to effect the business operation, financial condition and results of operations.
  • The company relies on certain large clients towards their financial commitments and any deterioration from these large clients could effect the business operations and cash flow.
  • There is a growing competition in this sector both domestic and international, which may result to loss of market share, reduced fee and demand.
  • The company has invested in Reccloud Technologies Private Limited to develop a technology platform called “MyRCloud". Financial conditions would be adversely effected if this technology platform is unable to scale.

  • IPO Subscription Details of EMA Partners India Limited IPO

    With an issue size of Rs. 76.01 cr.and fresh issue size of Rs. 66.14 cr with an offer for sale for approximately 7,96,000 Equity Shares, The IPO provides a lot size of 1000 equity shares and the bid range for the IPO is set between Rs. 117- to Rs. 124 per-share. The bidding begins from January 17, 2025 and ends on January 21, 2025 and is set to list on NSE (SME).

    Overview

    The company is a established brand with over 20+ years of experience in the recruitment and hiring business offering wide hiring services to various white collar sectors and is operative in India and also spans across Singapore and Dubai. The IPO has a high risk factor as many competition in this industry is emerging and prospective investors should carefully compare the aspects given in the DRHP prospectus before investing. Also various reports on financial performance, growth prospects should be looked very carefully. 

    Key takeaways

    The company through this IPO seeks to utilize the capital to improve its company operations. The company’s performance in the past years have shown adequate profits and the growth of the the industry in India in the coming years is projected to increase at a CAGR of 4.9% with revenue reaching up to 15,770cr. by FY 2028-2029. Prospective investors should analyze the risk and compare the aspects given in the DRHP draft before investing.

    FAQ: Frequently Asked Questions on EMA Partners India Limited IPO

    1. When is the EMA Partners IPO being listed?

    EMA Partners IPO Small and Medium Enterprises (SME)(IPO) begins on January 17, 2025 and ends on January 21, 2025 and is expected to list on 24th January 2025.

    2. Is the IPO fairly Priced?

    Offering a lot size of 1000 equity shares, The IPO price range is between Rs. 117 - Rs. 124 which seems to be a fair price.

    2. Where else we can get more information about the EMA Partners Indian Limited IPO?