IPO Details
Bidding Dates
07 Sep '23 - 11 Sep '23
Minimum Investment
₹14,770 / 1 Lots (70 Shares)
Price Range
₹200 - ₹211
Maximum Investment
₹192,010 / 13 Lots (910 Shares)
Retail Discount
Not Applicable
Issue Size
₹321.24 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |EMS Ltd IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 7, 2023
IPO Closing Date
Sep 11, 2023
Basis of Allotment
Sep 14, 2023
Initiation of Refunds
Sep 17, 2023
Credit of Shares to Demat Account
Sep 19, 2023
IPO Listing Date
Sep 20, 2023
UPI Mandatory Expiry Date
Sep 11, 2023
EMS Ltd IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Sep 7, 2023 |
0.09 | 6.16 | 4.95 | 3.82 |
Day 2Sep 10, 2023 |
0.65 | 30.50 | 17.07 | 15.26 |
Day 3Sep 11, 2023 |
2.69 | 51.38 | 23.23 | 23.39 |
EMS Ltd IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 2.69 |
| Non-Institutional Buyers | 51.38 |
| Retail Investors | 23.23 |
| Total | 23.39 |
About EMS Ltd
Incorporated on December 21, 2020, EMS Limited is involved in the business of Sewerage solution providers, Water and Waste Treatment Plants, Road and Allied works, Water Supply Systems, Electrical Transmission and Distribution, maintenance and operation of Water Supply Scheme Projects (WSSPs) and Wastewater Scheme Projects (WWSPs) for government authorities.
The Sewage Treatment Plants (STPs) and Common Effluent Treatment Plants (CETPs) by EMS are compliant with the Forest and Climate Change of India norms, the Ministry of Environment, and the treated water can be used for washing, horticulture, refrigeration, etc. The company bids for tenders issued by the State Governments, Urban Local Bodies and Central Public Works Department (CPWD) for developing WSSPs and WWSPs.
EMS Limited IPO Details
EMS Limited IPO Date
EMS Limited’s IPO will open on September 8, 2023, and close on September 12, 2023.EMS Limited’s IPO will be listed on the BSE and NSE exchanges on August 21, 2023.
EMS Limited IPO Price Band
EMS is both a fresh IPO and an Offer for Sale worth ₹321.24 crore. The issue comprises 15,606,119 – 15,224,924 shares and is priced at ₹200 to ₹211 per share.
EMS Limited IPO Lot Size
EMS Limited’s IPO lot size is 70 shares, and retail investors need to apply for a minimum of 1 lot, which is ₹14,770.
Peer Details
EMS faces competition from publicly listed players like VA Tech Wabag Limited, which operates in the same business.
How To Check the EMS Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- As such, Angel One will notify you of your IPO allotment status via push notification and email.
Open a demat account with Angel One to apply for the EMS Limited IPO
Contact Details of EMS Limited IPO
- Registered office: 701, DLF Tower A, Jasola New Delhi - 110025, India.
- Phone: +91 8826696627
- E-mail:cs@ems.co.in
EMS Ltd Company Financials
| Particulars | Period ending on March 31, 2023 (₹ in lakh) | Period ending on March 31, 2022 (₹ in lakh) | Period ending on March 31, 2021 (₹ in lakh) |
|---|---|---|---|
| Total Income | 54,327.71 | 36,309.84 | 33,618.42 |
| Net Worth | 48,783.23 | 38,017.99 | 30,191.46 |
| Earnings Per Share | 23.15 | 67.27 | 61.24 |
| Total Borrowings | 4,539.56 | 371.31 | 316.29 |
Know before investing
Strengths
3-
The net worth of the company increased by ~61% from ₹30,191.46 lakh on March 31, 2021, to ₹48,783.23 lakh on March 31, 2023.
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The total income of the company has increased by approximately 62% from ₹33,618.42 lakh on March 31, 2021, to ₹54,327.71 lakh on March 31, 2023.
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Since 2010, EMS has been offering services to government bodies and municipalities. As of July 31, 2023, the company holds 18 projects aggregating to ₹1,744.92 crore and 5 operations and maintenance projects aggregating to ₹99.28 crore.
Risks
3-
The company is highly dependent on government projects for its revenue. Any changes in the government policies regarding water or the environment may affect the company adversely.
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As of March 31, 2023, the company reported a negative cash flow from operating activities of -₹2,540.12 lakh.
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Previously, the company has been blacklisted by government bodies for the inadequacy of safety equipment or measures provided to labour and for falsely and fraudulently mentioning certain wrong facts in Forms 2 and 3B of the Standard/Model Bid Documents (SBD).
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EMS Ltd IPO FAQs
The EMS Ltd IPO contains both a fresh issue and an offer for sale worth ₹321.24 crore. The issue comprises 15,606,119 – 15,224,924 shares and is priced at ₹200 to ₹211 per share. The IPO will open on September 8, 2023.
The Basis of Allotment will happen on Friday, September 15, 2023.
The IPO subscription window will open on Friday, September 8, 2023.
Retail investors can apply for a minimum of one lot, which consists of 70 shares.
EMS Ltd IPO will list on BSE and NSE exchanges on Thursday, September 21, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- As such, Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Thursday, September 21, 2023, for EMS Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
