IPO Issue Details
Issue Price / Price Band₹211 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size70 Shares per Lot
Total Issue Size1,52,24,925 shares (aggregating up to ₹321.25 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 08 Sep 2023
Subscription CloseTue, 12 Sep 2023
Anchor AllotmentThu, 07 Sep 2023
Basis of AllotmentFri, 15 Sep 2023
Initiation of RefundsMon, 18 Sep 2023
Credit of Shares to DematWed, 20 Sep 2023
Listing DateThu, 21 Sep 2023
UPI Mandate Deadline2023-09-12
Application & Investment Details
Retail — Min (1 Lots)₹14,770 — 70 shares
Retail — Max (13 Lots)₹192,010 (13 Lots)
HNI — Min (14 Lots)₹2,06,780 — 980 shares
EPS (Pre-IPO)₹23.15
P/E Ratio (Post-IPO)10.78x
Post-IPO Promoter Holding5,55,30,806 shares
Fresh Issue Shares69,30,807 shares (aggregating up to ₹146.24 Cr)
Offer for Sale Shares82,94,118 shares of ₹10 (aggregating up to ₹175.01 Cr)
About EMS Ltd.
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.
Objects of the Issue
EMS Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of working capital requirements of the company; and
2
General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
Not Available
Post-IPO Promoter Holding
5,55,30,806 shares
Lock-in Period (30%)October 15, 2023
Lock-in Period (50%)December 14, 2023