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.
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.
| IPO Opening Date | Sep 8, 2023 |
|---|---|
| IPO Closing Date | Sep 12, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹200 to ₹211 per share |
| Market Lot | 70 Shares |
| Min Order Quantity | 70 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] shares (aggregating up to ₹321.24 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹146.24 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹175.00 Cr) |
| Share holding pre issue | 48,600,000 |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| Basis of Allotment Date | September 15, 2023 |
|---|---|
| Initiation of Refunds | September 18, 2023 |
| Credit of Shares to Demat Account | September 20, 2023 |
| IPO Listing Date | September 21, 2023 |
The minimum lot size of this EMS IPO is 70 shares required is ₹14,770.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,770 |
| Retail (Max) | 13 | 910 | ₹192,010 |
| S-HNI (Min) | 14 | 980 | ₹206,780 |
| S-HNI (Max) | 67 | 4,690 | ₹989,590 |
| B-HNI (Min) | 68 | 4,760 | ₹1,004,360 |
EMS IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹321.24 Crores. The issue is priced at ₹200 to ₹211 per share. The minimum order quantity is 70 Shares.
The IPO opens on September 6, 2023, and closes on September 8, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The EMS IPO opens on September 6, 2023 and closes on September 8, 2023.
EMS IPO lot size is 70 Shares, and the minimum amount required is ₹14,770.
You can apply in EMS IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for EMS IPO will be done on Wednesday, September 13, 2023, and the allotted shares will be credited to your demat account by Friday, September 15, 2023.
Check the IPO allotment status.
The EMS IPO listing date is not yet announced. The tentative date of EMS IPO listing is Monday, September 18, 2023.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the EMS IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.
