iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

EMS IPO: Check live subscription status on day 1

8 Sep 2023 , 12:03 PM

The initial public offering (IPO) of EMS Limited, valued at Rs 321 crore, commenced today and will remain open for bidding until September 12, 2023. The water treatment and wastewater management company has established an IPO price range of Rs 200 to Rs 211 per equity share. To subscribe to the IPO, please follow this link.

Within the first two hours of its launch, the IPO has garnered a remarkable 0.64 times subscription, with the retail segment witnessing bids for 0.85 times the reserved shares and the Non-Institutional Investor (NII) segment experienced 0.95 times subscription rate.

The IPO consists of two components: a fresh issuance of shares valued at Rs 146.24 crore and an offer-for-sale of 82.94 lakh shares, equivalent to Rs 175 crore at the upper price band, by promoter Ramveer Singh.

EMS Limited, a company specializing in water and wastewater collection, treatment, and disposal services, intends to allocate the net proceeds from the fresh issue primarily for working capital requirements, totaling Rs 101.24 crore, with the remainder earmarked for general corporate purposes.

As of July 31, 2023, the company is actively managing and maintaining a portfolio of 18 projects, encompassing Wastewater Scheme Projects (WWSPs), Water Supply Scheme Projects (WSSPs), Sewage Treatment Plants (STPs), and Hybrid Annuity Model (HAM) projects, with a cumulative value of Rs 1,744.9 crore. Additionally, it oversees five Operation and Maintenance (O&M) projects valued at Rs 99.3 crore.

EMS IPO

Related Tags

  • EMS IPO
  • EMS IPO allotment date
  • EMS IPO closing date
  • EMS IPO details
  • EMS IPO GMP
  • EMS IPO GMP today
  • EMS IPO opening date
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.