Ema Partners India IPO booked 221 times on Day 3, shares allotment tomorrow; here’s how to check status online

The initial public offering of Ema Partners India Ltd. saw strong bidding across investor categories on Tuesday, January 21, the last day of subscription. The investors are looking forward to the allotment of shares after the successful subscription of the NSE SME issue.

Ema Partners India IPO share allotment status is expected to be finalised on Wednesday, January 22.

The ₹76.01-crore SME IPO, which opened for subscription on January 17, was booked 221.1 times overall, led by strong demand from retail and non-institutional investors.

According to NSE data, at the close of bidding at 5 pm, the IPO attracted bids for over 90.14 crore shares against 40.77 lakh shares on offer.

The retail segment of the IPO was booked 167.29 times on the last day, with bids for over 34.11 crore shares against 20.39 lakh shares on offer. The Non-Institutional Investors (NIIs) applied for more than 38.84 crore shares compared to 8.74 lakh shares reserved for them. The NIIs quota was booked 444.42 times. The Qualified Institutional Buyers (QIBs) booked their category 147.69 times by applying for over 17.19 crore shares against 11.64 lakh shares on offer.

Investors can check the status of Ema Partners India IPO share allotment on the websites of the NSE and Bigshare Services Pvt Ltd.

Steps to check allotment status on IPO registrar’s website

• Visit Bigshare Services Pvt Ltd website: https://www.bigshareonline.com
• Click on the IPO allotment status link
• Select any server from the 3 server links
• Choose EMA Partners India Ltd as the company name from the dropdown menu
• Select any of these options - PAN, beneficiary ID and Application Number
• Complete the 'captcha' verification
• Click the ‘Search’ button to check the allotment status

Here’s how to check status NSE

• Open the NSE IPO allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Select EMA Partners India Ltd from the dropdown menu
• Enter PAN and IPO application number
• Click on Submit

EMA Partners India IPO details

EMA Partners India is an executive search firm, which offers customised leadership hiring solutions to clients across diverse sectors. The Mumbai-based company has taken on board several business and functional leaders for domestic and international clients.

The company has offices in Chennai, Gurgaon and Bengaluru and subsidiaries in Singapore and Dubai.

• EMA Partners India IPO was a combination of a fresh issue of 53.34 lakh shares, and an offer-for-sale (OFS) of 7.96 lakh shares.
• The IPO price band was fixed at ₹117 to ₹124 per share.
• The minimum lot size for the retail investors was 1,000 shares, aggregating to ₹1,24,000.
• The company will process refunds on January 23. The successful bidders will also receive IPO shares in their Demat accounts on the same day.
• EMA Partners India Ltd shares are scheduled to be listed on the NSE SME platform on January 24.

Use of IPO proceeds

The company has proposed to utilise the net proceeds of the IPO for investment in subsidiaries. According to the RHP, the company will use ₹25.53 crore to augment leadership team for the company and its subsidiaries.

It has earmarked ₹6.44 crore for meeting capital expenditure towards upgrading the existing IT infrastructure. Another ₹5.42 crore will be used for repayment of the borrowing availed with respect to purchase of office premises.

EMA Partners India financials

Key Performance Indicators