The EMS IPO started on September 8, 2023, and ended on September 12, 2023. Shares were allocated on September 15, 2023, and refund processes began on September 18, 2023. On September 20, 2023, the shares were credited to investors demat accounts. EMS was officially listed on the stock exchange on September 21, 2023.
During the IPO, EMS offered shares at a price range of ₹200 to ₹211 per share, and the lot size was 70 shares. The total issue size was ₹321.24 crores, with ₹146.24 crores from new shares and ₹175.00 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
EMS Limited IPO Subscription Update Video
EMS IPO Subscription Status
The EMS IPO on September 12, 2023 was subscribed 76.21 times, with the retail category being subscribed 30.55 times, the NII (Non-Institutional Investor) category being subscribed 84.39 times, the QIB (Qualified-Institutional Buyers) category being subscribed 149.98 times.
| Category | Subscription |
| QIB | 149.98x |
| NII | 84.39x |
| Retail | 30.55x |
| Total | 76.21x |
EMS IPO Basic Details
| Company Name | EMS Limited |
| Domain of Company | Providing Essential Water and Wastewater Services |
| IPO Open Date | September 8, 2023 |
| IPO Close Date | September 12, 2023 |
| IPO Allotment Date | September 15, 2023 |
| IPO Listing Date | September 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹200 to ₹211 per share |
| Lot Size | 70 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹321.24 Cr) |
| Fresh Issue | [.] shares of ₹10 (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 |
About EMS Limited
Founded in 2012, EMS Limited, formerly known as EMS Infracon, specializes in providing essential water and wastewater services. We’re dedicated to collecting, treating, and responsibly disposing of water resources.
Our services encompass sewerage solutions, water supply systems, water and waste treatment plants, electrical transmission and distribution, road construction, and various allied works. We also take charge of operating and maintaining wastewater scheme projects (WWSPs) and water supply scheme projects (WSSPs) for government bodies. WWSPs include sewage treatment plants (STPs), sewage network schemes, and common effluent treatment plants (CETPs), while WSSPs involve water treatment plants (WTPs), pumping stations, and the installation of water pipelines.
EMS Limited boasts an in-house civil construction team and employs a dedicated workforce of over 57 engineers, supplemented by external consultants and industry experts.
As of March 24, 2023, EMS is actively managing and maintaining 13 projects, including WWSPs, WSSPs, STPs, and HAM (Hybrid Annuity Model) projects, with a combined value of Rs. 1,38,909.00 lakhs. Additionally, we are overseeing 5 operation and maintenance (O&M) projects valued at Rs. 9,928.00 lakhs, as of February 28, 2023, spread across five different states.
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EMS IPO FAQs
What is the start and end date of EMS IPO Subscription?
The EMS IPO started on September 8, 2023, and ended on September 12, 2023.
When does EMS IPO Subscription open?
The EMS IPO open on September 8, 2023.
When does EMS IPO Subscription close?
The EMS IPO Close on September 12, 2023.
What is the allotment date of EMS IPO?
The allotment date for EMS IPO is September 15, 2023.
When is the initial refund date of EMS IPO?
The initial Refund date for EMS IPO is September 18, 2023.
When were the shares credited to investors demat accounts for the EMS IPO?
The shares for the EMS IPO were credited to investors demat accounts on September 20, 2023.
When will EMS IPO be listed on the stock market?
EMS IPO stock market will be listed on September 21, 2023 at 10 am.
What was the price range of the EMS IPO shares?
The EMS IPO shares were offered at a price range of ₹200 to ₹211 per share.
What was the lot size for the EMS IPO shares?
The lot size for the EMS IPO shares was 70 shares.
What was the total issue size of the EMS IPO?
The total issue size of the EMS IPO was ₹321.24 crores.
How were the shares allocated among different types of investors for the EMS IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the EMS IPO listed?
The EMS IPO was listed on both the NSE and BSE.
What is the EMS IPO Subscription Status?
EMS IPO is subscribed 00 Times.
