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EMA Partners IPO
Price Band
₹117.0–124.0
Issue Size
₹76.01 Cr
Lot Size
1,000 shares
Min Investment
₹124,000
GMP
+₹64.0 (51.61%)
Issue Price
₹124.0
Subject to Sauda
₹48600
Paid only if allotted
EMA Partners IPO AI Summary
- EMA Partners IPO is listed on NSE SME in the Diversified Commercial Services sector.
- Price band: ₹117.0–₹124.0 per share, lot size 1,000 shares (min. investment ₹124,000).
- Subscription window: 17 Jan–21 Jan 2025, listing on 24 Jan 2025.
- Current GMP is +₹64.0 (51.61%), an estimated listing price of ₹188 — unofficial and can change daily.
EMA Partners India Limited is an executive search firm with a strong focus on leadership hiring solutions. The company is seeking to raise funds through its IPO to enhance its operations and expand its capabilities. With a competitive position in the market and a solid growth strategy, investors may find this IPO worth considering.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
EMA Partners IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 21 Jan 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
EMA Partners IPO Grey Market Premium (GMP) Today
GMP
+₹64.0
GMP %
+51.61%
Est. Listing
₹188.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 2003, EMA Partners India Limited is an executive search firm offering specialized hiring solutions. The company provides various leadership hiring solutions to clients across various sectors, successfully recruiting business and functional leaders globally. The company offers two services: Executive Search Leadership Advisory The company Headquartered in Mumbai, the company expanded globally with subsidiaries in Singapore (2010), Dubai (EMA Partners, 2017), and Dubai (James Douglas, 2022) to access global talent. EMA Partners India oversees the company and its subsidiaries in India, Singapore, and Dubai, specializing in C-suite and board-level hiring. James Douglas focuses on mid-to-senior-level recruitment across industries. MyRCloud is an AI-driven platform for efficient entry and middle management hiring, streamlining recruitment processes. Competitive Strengths Experienced leadership and Management Team Long-standing and deep relationships with clients leading to recurring business Extensive functional knowledge and expertise across industry sectors. Robust technology tools, SaaS platform, and process in place to create operational efficiency. As of November 30, 2024, the company had 117 full-time employees.
Company Financials (₹ Cr)
As of 2024-07-31
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 75.05 | 76.59 | 53.26 | 58.50 |
| Total Income | 26.33 | 68.83 | 51.06 | 57.87 |
| Profit After Tax | 4.37 | 14.27 | 3.07 | 11.27 |
| NET Worth | 57.83 | 53.74 | 39.46 | 38.88 |
| Reserves and Surplus | 58.06 | 53.97 | 39.93 | 39.39 |
| Total Borrowing | 7.24 | 7.58 | 0.56 | 3.90 |
Key Ratios
EPS
₹7.97
NAV
₹31.61
RoNW
30.63%
P/B Value
3.92
P/E Ratio
15.56
Market Cap
₹288.26 Cr
PAT Margin
20.74%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Teamlease Services Ltd | 474.32 | 14.05% | 46.3 | 62.87 |
| Quess Corp Ltd | 178.19 | 9.85% | 35.29 | 18.72 |
| EMA Partners India Limited This IPO | 31.61 | 30.63% | — | 8.4 |
Promoters
Krishnan Sudarshan and Subramanian Krishnaprakash
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Augmenting Leadership Team for (a) the Company and (b) its subsidiaries 25.53 2 Capital expenditure towards upgrading the existing IT infrastructure for (a) the Company and (b) its subsidiaries 6.45 3 Repayment and/or pre-payment, in full, of the borrowing availed by Company with respect to purchase of office premises 5.43 4 General corporate purposes and Unidentified Inorganic Acquisitions 22.07 5 Issue Expenses 7.66 Total 67.14
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹57.87 Cr for the period ending 31 Mar 2022, then increased to ₹51.06 Cr by 31 Mar 2023. However, it rose significantly to ₹68.83 Cr by 31 Mar 2024, before dropping to ₹26.33 Cr for the period ending 31 Jul 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹11.27 Cr for the period ending 31 Mar 2022, increasing to ₹3.07 Cr by 31 Mar 2023. It further rose to ₹14.27 Cr by 31 Mar 2024, but then fell to ₹4.37 Cr for the period ending 31 Jul 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹124.0, EMA Partners India Limited has an implied P/E ratio of 15.56 based on its EPS of ₹7.97. This is lower than its peers, which are trading at P/E ratios ranging from 35.29 to 46.3.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium at which the shares may list on the stock exchange compared to the issue price. A positive GMP suggests strong demand in the grey market, while a negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their own investment strategies and risk tolerance. It's essential to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable, well-established companies with predictable earnings may want to avoid this IPO, as it operates in a competitive sector and may experience fluctuations in revenue and profit.
IPO Timeline, Explained
The IPO opens for subscription on January 17, 2025, and closes on January 21, 2025. Allotment of shares is expected on January 22, 2025, with the listing date set for January 24, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market sentiment, demand for the stock, and overall market conditions. Investors should be prepared for the possibility of volatility on the listing day.
This evaluation is generated from EMA Partners's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is EMA Partners IPO GMP today?
EMA Partners IPO GMP today is +₹64.0 (51.61%), indicating an estimated listing price of ₹188. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of EMA Partners IPO?
The price band of EMA Partners IPO is ₹117.0–₹124.0 per share.
When does EMA Partners IPO open and close?
EMA Partners IPO opens on 17 January 2025 and closes on 21 January 2025.
When does EMA Partners IPO list on the stock exchange?
EMA Partners IPO listed on 24 January 2025 at ₹188.0.
What is the lot size for EMA Partners IPO?
The lot size for EMA Partners IPO is 1000 shares, requiring a minimum investment of ₹124,000.
What is the lot size for this IPO?
The lot size for EMA Partners' IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹124,000.
What is the price band for the IPO?
The price band for the IPO is between ₹117.0 and ₹124.0.
When is the listing date?
The listing date for the IPO is January 24, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares may list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
17 Jan 2025
Close
21 Jan 2025
Allotment
22 Jan 2025
Listing
24 Jan 2025
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