EMS Limited IPO Unveiled: Your Comprehensive Guide

5 Sep 2023 , 12:57 PM

The initial public offer of EMS Limited IPO will be opening for subscription on September 8 and will conclude on September 12. 

EMS Limited, formerly recognized as EMS Infracon, specializes in delivering comprehensive water and wastewater collection, treatment, and disposal services. The company offers solutions for sewage management, water supply systems, water and waste treatment facilities, electrical transmission and distribution, road infrastructure, as well as the operation and maintenance of Wastewater Scheme Projects (WWSPs) and Water Supply Scheme Projects (WSSPs) for governmental bodies and authorities.

Important details of EMS Limited IPO:

• Issue Size: The company want to raise Rs 321.24 crore from the maiden public offer. This includes fresh issue of equity shares worth Rs 146.24 crore and an offer for sale of 8,294,118 shares by promoters and shareholders.
• Price Band: EMS Limited has fixed price band at Rs 200-211 per share for its initial public offering.
• Lot size: Investors who want to apply for the IPO can bid for 70 shares and its multiples in a lot.
• Minimum investment: Retail investors are required to make a minimum investment of Rs 14,770 per lot, which consists of 70 shares. On the other hand, the maximum investment permitted for retail investors is Rs 192,010, which corresponds to 910 shares (equivalent to 13 lots), as they are allowed to invest up to Rs 2 lakh in the IPO.
• The IPO offer is divided into three categories: 50% of the offer is reserved for qualified institutional buyers (QIBs), 15% is allocated to high-net-worth individuals (HNIs), and the remaining 35% is reserved for retail investors.
• Anchor book: The anchor investment for the IPO will take place on September 7.
• IPO objectives: The company will use net proceeds from the IPO towards working capital requirements and for other general corporate purposes.
• Basis of allotment: The company will finalise the allotment of shares on September 15.
• Listing date: The shares of TVS Supply Chain Solutions Limited are expected to list on BSE and NSE on September 21.

Khambatta Securtiies Limited has been appointed as the book-running lead managers (BRLM) for the offer, while KFin Technologies will serve as the registrar.

Prior to submitting the red-herring prospectus, the company generated Rs 33.76 crore via a private placement (pre-IPO placement) of 16 lakh shares at the upper price band. As a result, the size of the initial public offering (IPO) has been adjusted downward by Rs 33.76 crore, reducing it from the earlier amount of Rs 180 crore to the revised figure of Rs 146.24 crore.