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 TomarIPO Details
| IPO Opening Date | Sep 08, 2023 |
| IPO Closing Date | Sep 12, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹200 - 211 per equity share |
| Market Lot | 70 Shares |
| Min Order Quantity | 70 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹321.24 Cr |
| Fresh Issue | ₹146.24 Cr |
| Offer for Sale | ₹175.00 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| 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 Date | Sep 08, 2023 |
| IPO Close Date | Sep 12, 2023 |
| Basis of Allotment Date | Sep 15, 2023 |
| Initiation of Refunds | Sep 18, 2023 |
| Credit of Shares to Demat Account | Sep 20, 2023 |
| IPO Listing Date | Sep 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 70 | ₹14770 |
| Maximum | 13 | 910 | ₹192010 |
IPO Promoter Holding
| Pre Issue Share Holding | 96.71% |
| 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:
- Funding of working capital requirements of the company; and
- 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,
Jasola
New Delhi-110025
