What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for EMA Partners India Limited IPO?

Based on the upper price band of ₹124 and current GMP of ₹35, the estimated listing price is ₹159 (approx. 28.2% gain).

What is the expected profit per lot for EMA Partners India Limited IPO?

With a lot size of 1000 shares and current GMP of ₹35, expected profit per retail application lot is approximately ₹35,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

EMA Partners India Limited

ListedSME

Professional Services · NSE

Incorporated in 2003, EMA Partners India Limited is a Mumbai-based executive search firm specializing in leadership hiring and advisory services across industries. The company focuses on recruiting business heads, functional leaders, and C-suite executives globally through its Executive Search and Leadership Advisory divisions. With subsidiaries in Singapore and Dubai operating under EMA Partners and James Douglas, it serves both high-level and mid-to-senior-level recruitment needs. Its AI-powered platform, MyRCloud, supports efficient entry and mid-management hiring. As of November 30, 2024, EMA Partners India employed 117 full-time professionals across India, Singapore, and Dubai.

Price Band

₹117 – ₹124

Issue Size

₹76.01 Cr

Lot Size

1000 shares

GMP

₹35

+28.2%

Est. Listing

₹159

at current GMP

Subscribed

221.14x

overall

Open

17 Jan 2025

21 Jan 2025

Allotment

22 Jan 2025

Refund

23 Jan 2025

Demat Credit

24 Jan 2025

Listing

24 Jan 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

EMA Partners India Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹35+28.2%

Issue Price (Upper)

₹124

Band: ₹117 – ₹124

Estimated Listing Price

₹159

Upper price + GMP

Lot Size

1000 shares

Min investment ₹1,24,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹35	28.2%	₹159
30 Oct 2026	+₹35	28.2%	₹159
29 Oct 2026	+₹32	25.4%	₹156

About EMA Partners India Limited Public Issue & Market Profile

EMA Partners India Limited is bringing an initial public offering (IPO) in the Professional Services sector with an aggregate issue size of ₹76.01 Crores. The shares are offered at a price band of ₹117 to ₹124 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,24,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-01-24, while un-allotted funds or UPI block mandates will be released on 2025-01-23.

Frequently Asked Questions

What is EMA Partners India Limited IPO GMP today?

The latest grey market premium for EMA Partners India Limited IPO is ₹35, which indicates an expected listing price of ₹159.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.