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EMS Limited IPO Detail

EMS Limited IPO Detail

Incorporated in 2012, EMS Limited previously known as EMS Infracon, is engaged in the business of providing water and wastewater collection, treatment, and disposal services.

The company provides Sewerage solutions, Water Supply Systems, Water and Waste Treatment Plants, Electrical Transmission and Distribution, Road and Allied works, operation and maintenance of Wastewater Scheme Projects (WWSPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies. WWSPs include Sewage Treatment Plants (STPs) along with Sewage Network Schemes and Common Effluent Treatment Plants (CETPs) and WSSPs include Water Treatment Plants (WTPs) along with pumping stations and laying of pipelines for the supply of water.

EMS Limited has its own civil construction team and employs over 57 engineers, supported by third-party consultants and industry experts.

As on March 24, 2023, EMS is operating and maintaining 13 projects including WWSPs, WSSPs, STPs & HAM aggregating Rs. 1,38,909.00 lakhs & 5 O&M projects aggregating to Rs. 9,928.00 lakhs i.e. unbilled amount as of February 28, 2023, spread across five states.

Company Promoters

Mr. Ramveer Singh and Mr. Ashish Tomar

IPO Details

IPO Opening DateSep 08, 2023
IPO Closing DateSep 12, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹200 - 211 per equity share
Market Lot70 Shares
Min Order Quantity70 Shares
Listing AtBSE, NSE
Issue Size₹321.24 Cr
Fresh Issue₹146.24 Cr
Offer for Sale₹175.00 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 149.98x 84.39x 30.55x - 76.21x

IPO Tentative Timetable

The EMS Limited IPO open date is Sep 08, 2023, and the close date is Sep 12, 2023. The issue may list on Sep 21, 2023.

IPO Open DateSep 08, 2023
IPO Close DateSep 12, 2023
Basis of Allotment DateSep 15, 2023
Initiation of RefundsSep 18, 2023
Credit of Shares to Demat AccountSep 20, 2023
IPO Listing DateSep 21, 2023

IPO Lot Size

The EMS Limited IPO market lot size is 70 shares. A retail-individual investor can apply for up to 13 lots (910 shares or ₹192010).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding96.71%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Cr.)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 378.31 336.18 71.91
31-Mar-22 502.55 363.10 78.93
31-Mar-23 638.72 543.28 108.67

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Funding of working capital requirements of the company; and
  2. General corporate purposes.

EMS Limited IPO Registrar:

KFin Technologies Limited

EMS Limited IPO Lead Manager(s):

Khambatta Securities Limited

Company Contact Information:

EMS Limited

701, DLF Tower A,


New Delhi-110025