EMA Partners India Limited is coming up with an IPO consisting of a fresh issue of 53,34,000 shares worth INR 66.14 crores and an offer to sell 7,96,000 existing shares worth INR 9.87 crores. The company aims to augment leadership, upgrade IT infrastructure, repay borrowings, and pursue strategic acquisitions. 

EMA Partners IPO – Important Dates 

EMA Partners India Limited IPO – Company Profile 

EMA Partners India Limited is a leading executive search firm offering customised leadership hiring solutions across various sectors. It successfully recruits business and functional leaders for domestic and international clients. 

In 2003, EMA Partners India Limited joined EMA Partners International Limited, a global network of executive search firms, enabling enhanced service offerings, mutual business growth, and the use of the “EMA” brand for international clients. 

The leadership of EMA Partners India Limited oversees operations across its subsidiaries in India, Singapore, and Dubai. At the same time, EMA Partners Executive Search Private Limited focuses on executive search and investments, including in Reccloud Technologies. 

EMA Partners India Ltd IPO Fundamental Analysis 

EMA Partners India Limited’s financial analysis reveals a mixed performance. Revenue has shown robust growth, supported by increased equity, profitability, and assets, reflecting business expansion, improved earnings per share, and stable shareholder returns. 

• Revenue Trend: The revenue increased from ₹5,014.28 lakhs in March 2023 to ₹6,729.62 lakhs in March 2024. The revenue for the current year’s 4-month period ending July 2024 is INR 2,588.32 lakh. 
• Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. 
• Profitability: The profit after tax (PAT) has significantly increased from ₹307.07 lakh in March 2023 to ₹437.22 lakh by September 2024. This improvement in profitability could be a source of confidence among investors. 
• Earnings per Share (EPS): The diluted EPS has risen from ₹1.81 in March 2023 to ₹2.57 by September 2024, reflecting higher earnings per share for investors. 
• Return on Net Worth (RoNW): The RoNW has remained the same from 7.84% to 7.84%, indicating no change in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth. 

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EMA Partners IPO Financial Analysis 

EMA Partners India Limited IPO Peer Comparison 

EMA Partners India Limited demonstrates steady metrics across profitability and operational parameters. Quess Corp Limited shows moderate growth, focusing on diverse services, while Teamlease Services Limited reflects significant scale and operational efficiency. 

EMA Partners India Ltd IPO Objective 

The main objective of EMA Partners India Limited is to strengthen its leadership team, upgrade IT infrastructure for the company and its subsidiaries, and fully repay borrowings related to office premises acquisition. 

1. Augmenting Leadership Team for (a) the Company and (b) its Subsidiaries: The company intends to utilise INR 25.53 crores to strengthen its leadership team, investing INR 22.70 crores in subsidiaries through equity or debt, accounting for onboarding time before generating meaningful revenue contributions. 

2. Capital expenditure towards upgrading the existing IT infrastructure for the company and its subsidiaries: The company plans to utilise INR 6.45 crores from net proceeds to upgrade IT infrastructure, including hardware and software, investing INR 5.29 crores in subsidiaries through equity or debt to support this initiative. 

3. Repayment and/or pre-payment, in full, of the borrowing availed by the company concerning the purchase of office premises: The company aims to utilise INR 5.43 crores to repay the loan for office premises fully, reducing debt servicing costs, enhancing leverage capacity, and enabling internal accruals to support business growth and expansion opportunities. 

4. General Corporate Purposes and Unidentified Inorganic Acquisitions: The company will deploy funds for general corporate purposes, including acquisitions of niche search firms in India and overseas, ensuring compliance with SEBI regulations and leveraging leadership expertise to execute inorganic growth opportunities. 

EMA Partners IPO Risks And Challenges 

EMA Partners India Limited’s risk includes reliance on EMA Partners International membership, with potential disruptions from reputation damage or intellectual property issues. It also faces risks from significant client dependency, industry downturns, and legal challenges. 

• The company’s operations under “EMA Partners” depend on membership with EMA Partners International, requiring agreement compliance. Any harm to their reputation or intellectual property breaches could risk affiliation termination and business disruption. 

• The company derives significant revenue from large clients and specific industries. Loss of key clients or industry downturns could negatively impact revenue, profits, and operations due to financial difficulties or strategic changes. 

• The company relies on intellectual property from EMA Partners International under a membership agreement, with trademarks vital for brand awareness. Legal issues, including infringement claims, could harm reputation, lead to liabilities, or disrupt operations. 

EMA Partners India Ltd IPO – Industry & Market Potential 

The Indian staffing and recruitment industry is projected to grow at a 4.9% CAGR, reaching INR 15,770 Cr by FY’2028-29, driven by rising demand for skilled labour, technological advancements, and industry expansions in IT and healthcare. 

The EMEA market is projected to grow from USD 265.9 billion in 2024 to USD 468.5 billion by 2029, with recruitment firm penetration at just 1.5%, offering significant opportunities for Indian firms to expand. 

Southeast Asia’s recruitment market is projected to grow from USD 1.8 billion in 2024 to USD 3 billion by 2029, while the USA market will expand from USD 47.7 billion to USD 83 billion, creating opportunities for Indian recruitment firms. 

EMA Partners India Limited IPO – Type of Offer 

EMA Partners India Limited plans a fresh issue of 53,34,000 shares, seeking INR 66.14 crores to augment leadership, upgrade IT infrastructure, repay borrowings, and pursue strategic acquisitions. Additionally, the company proposes an offer to sell 7,96,000 existing shares worth INR 9.87 crores. 

1. Fresh Issue: The company will issue 53,34,000 new shares to raise capital, aiming to collect INR 66.14 crores. The company intends to utilise the proceeds from the fresh issue to augment leadership, upgrade IT infrastructure, repay borrowings, and pursue strategic acquisitions.
2. Offer for sale: EMA Partners India Limited is offering to sell 7,96,000 existing shares worth INR 9.87 crores. The following are the details of the existing shareholders who are also the promoters selling the shares:

EMA Partners IPO Offer Size 

The offer size of EMA Partners India Limited is INR 76.01 crores, consisting of a fresh issue of 53,34,000 shares worth INR 66.14 crores and an offer to sell 7,96,000 existing shares worth INR 9.87 crores. The company aims to augment leadership, upgrade IT infrastructure, repay borrowings, and pursue strategic acquisitions. 

EMA Partners India Limited IPO Allotment Structure 

EMA Partners India Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 3,07,000 shares are reserved for market makers. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

● Market Maker Reservation: A portion of shares, i.e. 3,07,000 shares, are reserved for market makers. 

How to apply for the EMA Partners India IPO?

To apply for the EMA Partners India Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the EMA Partners India Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the EMA Partners India Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check EMA Partners India IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the EMA Partners India Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the EMA Partners India Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the EMA Partners India Limited IPO:

● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the EMA Partners India Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

EMA Partners India Ltd IPO Offer Registrar

The registrar for the EMA Partners India Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

BIGSHARE SERVICES PRIVATE LIMITED

S6-2, 6th Floor, Pinnacle Business Park, 

Mahakali Caves Road, next to Ahura Centre, 

Andheri East, Mumbai- 400093, 

Maharashtra, India

Tel No.: +91 – 22 – 6263 8200

E-mail: [email protected]

Website: www.bigshareonline.com 

EMA Partners India SME IPO – FAQs