EMS IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHPLast Updated Date: Sep 12, 2023
The EMS IPO emerges as a highly anticipated event in the dynamic world of Indian stock markets, prepared to capture the attention of investors.
With a considerable issue size and an appealing pricing range designed to serve both retail and institutional investors, this initial public offering delivers a portal to the burgeoning world of financial prospects.
We examine the EMS IPO-related crucial numbers, critical dates, and market mood indicators, providing a full analysis of what may be a game-changing entry to India’s stock market landscape.
Read on as we explore the prospects, the fervour in the grey market, and the company’s ability to create waves in the world of infrastructure construction.
|Face Value||Rs 10|
|Price Band||Rs 200 to Rs 211|
|Listing At||BSE, NSE|
|Min. Order Quantity||70 Shares|
|Listing Date||September 21, 2023|
|Offer for Sale||Rs 175.00 Crore|
|Fresh Issue||Rs 146.24 Crore|
|IPO Size||Rs 321.24 Crore|
EMS IPO Overview
The EMS IPO, a Book Built Issue, is set to make its debut in the Indian stock market, presenting investors with an enticing opportunity.
The total issue size for this IPO stands at a substantial Rs 321.24 Crores, making it a significant event in the financial landscape. Priced in the range of Rs 200 to Rs 211 per share, the EMS IPO promises the potential for both retail and institutional investors to participate in its offering.
Scheduled to take place from September 8, 2023, to September 12, 2023, the subscription period will soon come to an end, leading to the anticipation of the listing date, which is yet to be announced. Each share carries a face value of Rs 10, and trading will occur in lots of 70 shares.
The fundraising aspect of this IPO consists of a fresh issue, which seeks to generate Rs 146.24 Crores, while an offer for sale includes 8,294,118 shares with a face value of Rs 10, amounting to Rs 175.00 Crores.
EMS IPO is characterized as a Book Built Issue IPO, allowing investors to place bids for shares within the defined price range. Upon listing, this IPO will be tradable on both the BSE and NSE, providing ample liquidity and exposure to the market.
At the pre-issue stage, the company holds 48,600,000 shares, setting the stage for a potentially exciting debut in the stock market. The EMS IPO is poised to attract attention and investment interest as it ventures into the world of public trading.
EMS IPO Important Dates
|IPO Opening Date||September 8, 2023|
|IPO Closing Date||September 12, 2023|
|Basis of Allotment Finalization||September 15, 2023|
|Refunds Initiation||September 18, 2023|
|Credit of Shares to Demat Account||September 20, 2023|
|Share Listing Date||September 21, 2023|
The EMS IPO, scheduled for September 8 to September 12, 2023, is marked by a series of pivotal dates that shape its journey into the stock market.
The subscription period opens on September 8, allowing investors to express their interest in this offering, but the window swiftly closes on September 12. This limited timeframe of EMS IPO important dates demands timely action from those looking to participate.
On September 15, the basis of allotment is determined, a crucial step that dictates how shares are distributed among subscribers. Subsequently, on September 18, the process of refunding excess funds to unsuccessful bidders begins, ensuring fairness in the allocation process.
The ownership transfer of allocated shares occurs on September 20 when they are credited to Demat accounts. Finally, the eagerly awaited listing date on September 21 sees EMS IPO shares becoming tradable, allowing the market to determine their initial value.
EMS IPO Price, Size, Share Offerings
|Face Value||Rs 10|
|Price Band||Rs 200 to Rs 211|
|Offer for Sale||Rs 175.00 Crore|
|Fresh Issue||Rs 146.24 Crore|
|IPO Size||Rs 321.24 Crore|
The EMS IPO presents an intriguing mix of price, size, and share offerings for investors looking to capitalize on this opportunity. Each share in this offering holds a face value of Rs 10, with the EMS IPO Price range set between Rs 200 to Rs 211 per share.
This pricing structure accommodates a wide spectrum of investors with varying budgets. The lot size for trading is standardized at 70 shares, making it accessible to a diverse range of participants. For those considering the minimum lot size, an investment of Rs 14,770 is required.
In terms of the total EMS IPO Size, it aggregates to Rs 321.24 Crores. Within this, the fresh issue comprises Rs 146.24 Crores, generating capital for the company’s growth initiatives.
Additionally, there is an offer for sale of 8,294,118 shares at Rs 10 each, amounting to Rs 175.00 Crores. This Book Built Issue IPO will be listed on both the BSE and NSE, offering investors a choice of trading platforms. Before the IPO, the company held 48,600,000 shares.
EMS IPO Grey Market Premium
|Date||GMP (Rs.)||Kostak Rate (Rs.)||Subject to Sauda (Rs.)|
The EMS IPO has generated significant interest in the grey market, leading to a notable Grey Market Premium (GMP). As of the last update on September 7, 2023, the EMS IPO GMP stands at Rs 125.
This figure represents the premium that buyers in the grey market are willing to pay above the expected IPO price. Investors closely monitor the grey market premium as it provides insights into the market sentiment and demand for the upcoming IPO. A positive GMP typically indicates strong investor interest and anticipation of potential listing gains.
It’s important to note that grey market premiums are subject to change as market conditions fluctuate, and they serve as unofficial indicators of investor sentiment.
As the EMS IPO’s listing date approaches, the grey market premium will likely continue to evolve, impacting the IPO’s overall performance and attractiveness to investors.
EMS IPO Subscription Status
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day – 8th Sep||0.09x||6.16x||4.95x||3.82x|
|2nd Day – 11th Sep||0.65x||30.50x||17.07x||15.26x|
|3rd Day – 12th Sep||149.98x||84.39x||30.55x||76.21x|
|Shares Offered or Net Issue||3,044,985||2,283,739||5,328,724||15,224,924|
As of the latest available information, there is no data available regarding the EMS IPO Subscription Status. Investors and market participants eagerly await updates on the subscription numbers, which typically provide insights into the level of interest and demand for the IPO.
Subscription status data is a critical indicator of investor sentiment and participation in the offering. It reveals the number of times the shares offered have been applied for, which can range from under-subscribed (less demand) to oversubscribed (high demand).
Investors often analyze the subscription status to gauge the IPO’s popularity and potential listing gains. An oversubscribed IPO can indicate strong investor confidence in the company, while an under-subscribed IPO may raise questions about market interest.
EMS IPO Allotment Status
As of the current update, there is no available data regarding the EMS IPO Allotment Status. Investors and applicants are eagerly awaiting information on the allotment of shares, but it is important to note that this information has not yet been disclosed.
Allotment status is a critical piece of information for investors as it confirms the number of shares allocated to them and whether their application has been successful. Typically, this information becomes available after the basis of allotment is determined, which, in the case of the EMS IPO, is expected to be on September 15, 2023.
Investors are advised to keep a close watch on the official website of the registrar or the stock exchanges where the IPO is listed for updates regarding the EMS IPO Allotment Status.
This information will be crucial for those who have applied for shares in this offering to ascertain the outcome of their applications and plan their next steps accordingly.
EMS IPO Live Performance
As of this writing, there is no data available about the EMS IPO live performance. Real-time performance data is not currently available since the IPO will be offered for subscription from September 8, 2023, to September 12, 2023, with the listing date slated for September 21, 2023.
Investors and market participants are looking forward to the start of the EMS IPO subscription period and, eventually, its listing on stock markets.
When the IPO is formally concluded and the shares are offered for trading on the BSE and NSE, live performance data such as opening prices, trading volumes, and fluctuations will be accessible.
Subscribe to EMS IPO – Open Free Demat Account Now!
Latest EMS IPO News
There is no particular EMS IPO News as per the most recent update. The financial landscape is fluid, and news about initial public offerings may break quickly, influencing investor mood and decision-making. However, there have been no substantial developments, announcements, or updates on the EMS IPO as of yet.
Investors and stakeholders should be watchful and follow reliable financial news sources, regulatory notifications, and EMS official channels for any developments or news about the IPO.
When contemplating investing options, timely and reliable information is critical, and it is critical to depend on trustworthy sources for the most recent updates on the EMS IPO or any other financial offering.
EMS – Company Review
Incorporated in 2012, EMS Limited, previously known as EMS Infracon, is actively involved in the business of providing water and wastewater collection, treatment, and disposal services.
The company specializes in delivering comprehensive infrastructure solutions, contributing significantly to the development of essential systems.
EMS Limited offers a wide range of services, including sewerage solutions, water supply systems, water and waste treatment plants, etc. The company’s in-house civil construction team consists of over 57 engineers who collaborate with third-party consultants and industry experts to ensure the successful execution of projects.
As of March 24, 2023, EMS Limited is actively managing and maintaining a portfolio of 13 projects, spanning WWSPs, WSSPs, STPs, and HAM (Hybrid Annuity Model) projects, collectively amounting to Rs. 1,38,909.00 lakhs.
Additionally, they oversee five Operation and Maintenance (O&M) projects, amounting to Rs. 9,928.00 lakhs as of February 28, 2023. EMS Limited’s significant presence in infrastructure development underscores its dedication to providing vital water and wastewater management solutions in multiple states across India.
Products or Services
EMS Limited offers a range of products and services, including:
- Sewerage solutions: STPs, Sewage Network Schemes, and CETPs
- Water Supply Systems: WTPs, pumping stations, and pipelines
- Water and Waste Treatment Plants
- Electrical Transmission and Distribution
- Road and Allied Works
- Operation and Maintenance of WWSPs and WSSPs
Their services ensure efficient water management, wastewater treatment, electricity supply, road development, and infrastructure maintenance for government authorities and bodies, contributing to sustainable development.
Promoters and Holding
EMS Limited is promoted by Mr. Ramveer Singh and Mr. Ashish Tomar, who collectively hold 94.61% of the pre-issue Equity Share capital. Mr. Ramveer Singh, aged 60, serves as the Promoter and Chairman, while Mr. Ashish Tomar, aged 34, holds the position of Promoter and Managing Director.
There has been no change in the company’s control for the past five years preceding this Red Herring Prospectus, signifying stability in leadership.
Is EMS Good for Investment?
EMS Limited’s prospects align with India’s infrastructure and economic trends. Investment in infrastructure has surged, reaching 32.7% of GDP in FY22 and an estimated 34% in FY23.
Public investment is on the rise, fueled by initiatives like Atmanirbhar Bharat and Make in India. Industrial growth rebounded, growing by 11.4% YoY in FY22 and 5.1% YoY in FY23, mainly driven by mining and manufacturing. To sustain this growth, domestic demand, increased credit availability, and investments are crucial.
Consumer Price Index (CPI) witnessed fluctuations but is gradually stabilizing. It stood at 5.7% in March 2023, easing to 4.3% in May 2023. The Reserve Bank of India (RBI) has calibrated monetary policy to manage inflation while fostering growth.
Key demographic drivers, such as a growing working-age population, youth demographic, and expanding middle class, fuel economic expansion, and consumer spending.
Urbanization, rising per capita disposable income, and shifting consumption patterns further amplify economic dynamism. EMS Limited, operating in the infrastructure sector, is well-positioned to capitalize on these favourable economic dynamics, contributing to India’s development journey.
EMS Financial Statements
|Amount (in INR & Lakhs)|
|Profit After Tax||10,866.98||7,892.83||7,191.14|
EMS Limited’s consolidated statement of assets and liabilities reveals the company’s financial standing as of March 31, 2023. The company’s assets include non-current assets such as property, plant, equipment, right-of-use assets, and financial assets.
These assets amount to Rs. 14,989.11 lakhs. Current assets, including inventories, trade receivables, cash and cash equivalents, and other assets, total Rs. 48,882.60 lakhs. In total, the company’s assets stand at Rs. 63,871.71 lakhs.
On the liabilities side, non-current liabilities comprise financial liabilities, long-term provisions, and deferred tax liabilities, amounting to Rs. 6,929.03 lakhs. Current liabilities include financial liabilities, trade payables, other liabilities, short-term provisions, and liabilities for current tax, totalling Rs. 7,948.79 lakhs. The total liabilities amount to Rs. 14,877.82 lakhs.
The company’s consolidated statement of profit and loss for the year ended March 31, 2023, reports a revenue of Rs. 54,327.71 lakhs, with expenses totalling Rs. 39,640.30 lakhs. The restated profit before exceptional items and taxes is Rs. 14,687.41 lakhs, and after accounting for exceptional items and taxes, the restated profit for the year is Rs. 10,866.98 lakhs.
Additionally, the statement shows other comprehensive income, including items not reclassified to profit or loss in subsequent periods. The total comprehensive income for the year is Rs. 10,881.63 lakhs, with earnings per equity share (face value: Rs. 10) of Rs. 23.15 on a basic and diluted basis.
|Earnings per Equity Share (in Lakhs)|
|Basic & Diluted||23.15||67.27||61.24|
EMS IPO Review
The EMS IPO, scheduled from September 8 to September 12, 2023, offers an enticing opportunity in the Indian stock market. With a substantial Rs 321.24 Crores issue size and shares priced between Rs 200 to Rs 211, it caters to a diverse range of investors.
This IPO includes a fresh issue to raise Rs 146.24 Crores for the company’s growth initiatives and an offer for sale. The Grey Market Premium (GMP) of Rs 125 reflects strong investor interest and anticipation of listing gains. While real-time performance data is pending, EMS Limited’s presence in the infrastructure sector. In line with India’s economic trends, positions it well for potential growth.
Investors should closely monitor official channels for subscription status updates and the eagerly awaited allotment information, expected around September 15, 2023.
The EMS IPO represents a significant financial event, offering investors a chance to participate in a promising venture within India’s evolving economic landscape.
EMS IPO Details
Here are few more details you need to know before investing in EMS IPO –
EMS IPO Issue Object
Thus, EMS has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Funding of working capital requirements of our Company; and
- General corporate purposes.
EMS IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- In-house designing, engineering and execution team;
- Strong order book of projects across India;
- Strong execution capabilities with industry experience and established track record;
- Experienced Promoters and Management Team
- Strong Financial Performance for the last 3 years:
Quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
EMS IPO Lead Managers
Here is the list of Lead managers –
- KHAMBATTA SECURITIES LIMITED
EMS IPO Registrar to offer
Check out the details of the registrar here –
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot 31-32, Financial District,
Nanakramguda, Gachibowli, Hyderabad – 500 032,
Tel: +91 40 6716 2222
Contact Person: Mr. M Murali Krishna
SEBI Registration No: INR000000221
EMS IPO – Other Details
- Statutory Auditor – Rishi Kapoor & Company, Chartered Accountants
- Legal Counsel to the Company – Legacy Law Offices LLP
- Bankers to the Company – Axis Bank Limited, ICICI Bank Limited, Bank of India Limited etc
EMS IPO Verdict by Stock Brokers
The EMS IPO is strategically position to benefit from India’s growing infrastructure focus and economic development.
With a diverse range of infrastructure services, including water and wastewater management, electrical transmission, and road development, the company offers potential stability through its varied portfolio. Additionally, the significant Grey Market Premium (GMP) of Rs 125 indicates high demand and hints at potential listing gains.
However, the lack of available subscription status data presents a challenge for investors in assessing the IPO’s popularity. Furthermore, as with any IPO, market uncertainties and sector-specific risks should consider.
The infrastructure industry is susceptible to regulatory changes and economic fluctuations. While the EMS IPO holds promise, investors should exercise caution, conduct thorough research. Stay attuned to market conditions to make informed investment choices in this IPO.
EMS IPO – Conclusion
The EMS IPO offers investors a chance to participate in India’s evolving economic landscape. With a diverse service portfolio, it stands to benefit from the nation’s growing infrastructure focus.
However, the absence of subscription status data creates some uncertainty. Investors should exercise caution, keeping an eye on official channels for updates.
As with any investment, risks persist, particularly concerning sector-specific challenges. While the EMS IPO holds promise, informed decision-making and market awareness are essential to maximize its potential benefits.
To Subscribe to EMS IPO – Open Demat Account Now!
EMS IPO Review FAQs
Check out the FAQs on EMS IPO –
What is the Issue Size of EMS IPO?
The Company is making an initial public offer of 82,94,118 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of EMS IPO?
The price band for this particular IPO ranges between Rs 200 to Rs 211. As far as the face value of the share is concerned, it is Rs.10 per share.
What is the EMS IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on September 8, 2023, while the closing date is set at September 12, 2023.
What is the EMS IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on September 15, 2023, refund initiation is on September 18, 2023, credit of shares is on September 20, 2023, and share listing date is on September 21, 2023.
What is the EMS IPO Listing Date?
Shares of this company shall be listed in the exchanges on September 21, 2023. The date, when the listing would be done, is stagnant on September 21, 2023.
Who is the Registrar of EMS IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of EMS IPO?
Here are the promoters of this IPO – MR. RAMVEER SINGH AND MR. ASHISH TOMAR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of EMS IPO?
They have obtained the GMP of this IPO and it is Rs. NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is EMS IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of EMS Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakhs is 10,866.98, 2022 is 7,892.83, 2021 is 7,191.14.
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