The EMS IPO commenced on September 8, 2023, and concluded on September 12, 2023. The allotment of shares took place on September 15, 2023, and the initiation of refunds began on September 18, 2023. The shares were credited to the demat accounts of investors on September 20, 2023. Finally, the listing of EMS on the stock exchange occurred on September 21, 2023.
The EMS IPO was priced at ₹200 to ₹211 per share, with a lot size of 70. The total issue size was ₹321.24 crores, comprising a fresh issue of ₹146.24 crores and an offer for sale of ₹175.00 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
EMS IPO Basic Details
|Company Name||EMS Limited|
|Domain of Company||Providing Essential Water and|
|EMS IPO GMP Today||₹120|
|EMS IPO Listing Gain||56.87%|
|EMS IPO Open Date||September 8, 2023|
|EMS IPO Close Date||September 12, 2023|
|EMS IPO Allotment Date||September 15, 2023|
|EMS IPO Listing Date||September 21, 2023|
|Face Value||₹10 per share|
|Price||₹200 to ₹211 per share|
|Lot Size||70 Shares|
|Issue Size||[.] shares|
(aggregating up to ₹321.24 Cr)
|Fresh Issue||[.] shares|
(aggregating up to ₹146.24 Cr)
|Offer for Sale||8,294,118 shares of ₹10|
(aggregating up to ₹175.00 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE, BSE|
|Company Promoters||Mr. Ramveer Singh And Mr. Ashish Tomar|
EMS IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|8 September 2023||₹120||56.87%||–||–|
|7 September 2023||₹125||59.24%||–||–|
EMS IPO Details:
Founded in 2012 as EMS Infracon and later rebranded as EMS Limited, the company specializes in water and wastewater management services. They offer solutions for sewage systems, water supply, water treatment, electrical distribution, road construction, and the operation and maintenance of government wastewater and water supply projects.
EMS Limited boasts its in-house construction team along with 57 engineers and collaborates with external consultants and industry experts.
As of March 24, 2023, EMS Limited is responsible for managing and operating 13 projects, including sewage treatment, water supply, and other infrastructure, with a total value of Rs. 1,38,909.00 lakhs. Additionally, they handle five ongoing maintenance projects valued at Rs. 9,928.00 lakhs, as of February 28, 2023. These projects span across five different states.
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EMS IPO FAQs
When is EMS IPO open?
EMS IPO will open on 8 September 2023.
When is EMS IPO Close?
EMS IPO will be closed on 12 September 2023.
What is EMS IPO GMP Today?
The EMS IPO GMP aka Grey Market Premium is ₹120.
What is EMS IPO Kostak Rates Today?
The EMS IPO Kostak Rate is ₹000.
What is EMS IPO Subject to Sauda Price Today?
The EMS IPO subject to sauda rates is ₹000.
EMS IPO Expected Returns?
The EMS expected return is 56.87%.
How much will be the listing gain in EMS IPO?
EMS IPO will get listing gain of 56.87%. (Approx.)