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EMS IPO is a book build issue of ₹321.25 crores. The issue is a combination of fresh issue of 0.69 crore shares aggregating to ₹146.24 crores and offer for sale of 0.83 crore shares aggregating to ₹175.01 crores.
EMS IPO bidding started from Sep 8, 2023 and ended on Sep 12, 2023. The allotment for EMS IPO was finalized on Sep 15, 2023. The shares got listed on BSE, NSE on Sep 21, 2023.
EMS IPO price band is set at ₹211.00 per share . The lot size for an application is 70. The minimum amount of investment required by an retail is ₹14,000 (70 shares). The lot size investment for sNII is 14 lots (980 shares), amounting to ₹2,06,780, and for bNII, it is 68 lots (4,760 shares), amounting to ₹10,04,360.
Khambatta Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
| IPO Date | September 8, 2023 to September 12, 2023 |
| Listing Date | September 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹200 to ₹211 per share |
| Issue Price Final | ₹211 per share |
| Lot Size | 70 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,52,24,925 shares (aggregating up to ₹321.25 Cr) |
| Fresh Issue | 69,30,807 shares (aggregating up to ₹146.24 Cr) |
| Offer for Sale | 82,94,118 shares of ₹10 (aggregating up to ₹175.01 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 5,55,30,806 shares |
EMS IPO offers total 1,52,24,925 shares. Out of which 76,12,462 (50.00%) allocated to QIB, 30,44,986 (20.00%) allocated to QIB, 22,83,739 (15.00%) allocated to NII, 53,28,724 (35.00%) allocated to RII and 45,67,476 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 76,12,462 (50.00%) | NA |
| − Anchor Investor Shares Offered | 45,67,476 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 30,44,986 (20.00%) | NA |
| NII (HNI) Shares Offered | 22,83,739 (15.00%) | NA |
| − bNII > ₹10L | 15,22,492 (10.00%) | 1,553 |
| − sNII < ₹10L | 7,61,247 (5.00%) | 776 |
| Retail Shares Offered | 53,28,724 (35.00%) | 76,124 |
| Total Shares Offered | 1,52,24,925 (100.00%) |
EMS IPO raises ₹96.37 crore from anchor investors. EMS IPO Anchor bid date is September 7, 2023. EMS IPO Anchor Investors list
| Bid Date | September 7, 2023 |
| Shares Offered | 45,67,476 |
| Anchor Portion Size (In Cr.) | 96.37 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 15, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 14, 2023 |
EMS IPO opens on September 8, 2023, and closes on September 12, 2023.
| IPO Open Date | Fri, Sep 8, 2023 |
| IPO Close Date | Tue, Sep 12, 2023 |
| Tentative Allotment | Fri, Sep 15, 2023 |
| Initiation of Refunds | Mon, Sep 18, 2023 |
| Credit of Shares to Demat | Wed, Sep 20, 2023 |
| Tentative Listing Date | Thu, Sep 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 12, 2023 |
Investors can bid for a minimum of 70 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,770 |
| Retail (Max) | 13 | 910 | ₹1,92,010 |
| S-HNI (Min) | 14 | 980 | ₹2,06,780 |
| S-HNI (Max) | 67 | 4,690 | ₹9,89,590 |
| B-HNI (Min) | 68 | 4,760 | ₹10,04,360 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 308.08 | 378.31 | 502.55 | 638.72 |
| Total Income | 332.36 | 336.18 | 363.10 | 543.28 |
| Profit After Tax | 72.43 | 71.91 | 78.93 | 108.67 |
| Net Worth | 229.99 | 301.91 | 380.18 | 487.83 |
| Reserves and Surplus | 218.24 | 290.16 | 368.43 | 443.45 |
| Total Borrowing | 14.80 | 3.16 | 3.71 | 45.40 |
The market capitalization of EMS IPO is ₹1171.70 Cr.
| KPI | Values |
|---|---|
| ROE | 22.27% |
| ROCE | 28.26% |
| Debt/Equity | 0.09 |
| RoNW | 22.31% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company has posted static performance for FY21 and FY22 under the Pandemic impact but performed well for FY23 indicating bright prospects ahead. It has orders worth Rs. 1845 cr. on hand and many in pipelines. According to the management, the company is in a fast-forward mode now. Investors may consider parking funds for short to long-term rewards in this lucratively priced issue. Read detail review...
| Listing Date | September 21, 2023 |
| BSE Script Code | 543983 |
| NSE Symbol | EMSLIMITED |
| ISIN | INE0OV601013 |
| Final Issue Price | ₹211 per share |
| BSE Listing Group | B |
EMS Ltd.
701, DLF Tower A,
Jasola
New Delhi-110025
New Delhi, New Delhi
Phone: +91 8826696627
Email: cs@ems.co.in
Website: https://ems.co.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ems.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
EMS IPO is a main-board IPO of 1,52,24,925 equity shares of the face value of ₹10 aggregating up to ₹321.25 Crores. The issue is priced at ₹211 per share. The minimum order quantity is 70.
The IPO opens on September 8, 2023, and closes on September 12, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in EMS IPO using UPI as a payment gateway. Zerodha customers can apply in EMS IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in EMS IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The EMS IPO opens on September 8, 2023 and closes on September 12, 2023.
EMS IPO lot size is 70, and the minimum amount required for application is ₹14,770.
You can apply in EMS IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for EMS IPO will be done on Friday, September 15, 2023, and the allotted shares will be credited to your demat account by Wednesday, September 20, 2023. Check the EMS IPO allotment status.
The EMS IPO listing date is on Thursday, September 21, 2023.
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