EMS Limited IPO (EMS IPO) GMP, review, subscription status, other details. Apply or not?

About EMS Limited Company

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.

EMS IPO Details

EMS IPO is a Book Built Issue. The IPO total issue size is Rs 321.24 Cr. The EMS IPO price is ₹200 to ₹211 per share. The IPO will list on BSE, NSE.

IPO DateSeptember 8, 2023 to September 12, 2023
Listing Date[.]
Face Value₹10 per share
Price₹200 to ₹211 per share
Lot Size70 Shares
Total Issue Size[.] shares
(aggregating up to ₹321.24 Cr)
Fresh Issue[.] shares
(aggregating up to ₹146.24 Cr)
Offer for Sale8,294,118 shares of ₹10
(aggregating up to ₹175.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue48,600,000

EMS IPO Lot Size

The minimum lot size of this EMS IPO is 70 shares required is ₹14,770.

Retail (Min)170₹14,770
Retail (Max)13910₹192,010
S-HNI (Min)14980₹206,780
S-HNI (Max)674,690₹989,590
B-HNI (Min)684,760₹1,004,360

EMS IPO Reservation

EMS IPO a total of 15,224,924 shares are offered. QIB: 3,044,985 (20.00%), RII: 5,328,724 (35.00%), NII: 2,283,739 (15.00%).

Anchor Investor Shares Offered4,567,476 (30.00%)
QIB Shares Offered3,044,985 (20.00%)
NII (HNI) Shares Offered2,283,739 (15.00%)
Retail Shares Offered5,328,724 (35.00%)
Total Shares Offered15,224,924 (100%)

EMS IPO Financial Information

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Profit After Tax72.4371.9178.93108.67
Net Worth229.99301.91380.18487.83
Reserves and Surplus218.24290.16368.43443.45
Total Borrowing14.803.163.7145.40

Objects of the Issue of EMS IPO

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

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

EMS IPO Review

The company has posted static performance for FY21 and FY22 under the Pandemic impact but performed well for FY23 indicating bright prospects ahead. It has orders worth Rs. 1845 cr. on hand and many in pipelines. According to the management, the company is in a fast-forward mode now. Investors may consider parking funds for short to long-term rewards in this lucratively priced issue.

EMS IPO Subscription Status

The EMS IPO is subscribed 0.55 times on Sep 8, 2023 11:41:00 AM. The public issue subscribed 0.74 times in the retail category, 0.00 times in the QIB category, and 0.83 times in the NII category. Check Day by Day Subscription Details (Live Status)


Shares of EMS Limited are available at a premium of ₹125 inn unlisted stock market today, say market observers.

EMS IPO price

Company has fixed price band of the public issue at ₹200 to ₹211 per equity share.

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Disclaimer: This price prediction is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.

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