IPO

EMS Limited IPO

Mainboard

Water Supply & Management

Listed On: Sep 21, 2023 at ₹ 282.05(NSE)

₹ 14770 /70 Shares

Check Allotment

08 Sep, 2023

Open Date

12 Sep, 2023

Close Date

15 Sep, 2023

Allotment Date

21 Sep, 2023

Listing Date
Price Summary

Last Closing

449.00 (112.8%)

52 Week High

968.80

52 Week Low

396.15

Last Update

19-Dec-2025 3:30 PM
EMS Limited IPO Issue Details
  • Issue Price ₹200-211 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Total ₹320.73 Cr :
    #Fresh Issue : 6,906,161 shares(aggregating up to ₹145.72 Cr) +
    #OFS : 8,294,118 shares of ₹10(aggregating up to ₹175.01 Cr)
  • Listing at BSE, NSE
  • List Price 282.05(NSE)
  • Listing Date 2023-09-21
  • Lead Manager Khambatta Securities Limited
  • Registrar Kfin Technologies Limited
EMS Limited IPO Details
  • Retail Portion 35% (Number of Retail Applications: 76,000 Approx),
    (Number of S-HNI Applications : 776 Approx),
    (Number of B-HNI Applications : 1,551 Approx)
EMS Limited IPO Documents
EMS Limited IPO Details


The IPO of EMS Limited is priced at ₹200-211 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 8, 2023 and ends on Sep 12, 2023. The allotment for EMS Limited IPO will be finalized on Sep 15, 2023. EMS Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 21, 2023. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Khambatta Securities Limited.


The EMS Limited IPO sets its price band at 200-211 for each share. A single application for EMS Limited IPO must contain at least 70 shares.

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EMS Limited IPO Subscription Analysis And Details
Retail
29.79x
QIB
153.02x
NII
82.32x
bNII
81.12x
sNII
84.73x
Total
75.28x
As on QIB NII
bNII   sNII
Retail Total
Shares Offered / Reserved 3,044,985 2,283,739
1,522,493    761,246
5,328,724 10,657,448
Day 1 08-09-23 05:00 PM
0.09 x 6.00
4.78 x   8.43 x
4.82 x 3.77 x
Day 2 11-09-23 05:00 PM
0.67 x 29.73
25.22 x   38.74 x
16.62 x 15.05 x
Day 3 12-09-23 05:00 PM
153.02 x 82.32
81.12 x   84.73 x
29.79 x 75.28 x

Total No of Applications
23,04,779
EMS Limited Valuations
Earnings Per Share (EPS) ₹23.15/-
P/E Ratio 10.78
RoNW 22.31%
Net Asset Value (NAV) - As on 31.03.23 ₹103.8
EMS Limited Company Financials
In Crs.
In Cr.
31-Mar-23 31-Mar-22 31-Mar-21
Assets 641.41 502.55 378.31
Revenue 543.28 363.10 336.18
Profit After Tax 108.85 78.93 71.91
About EMS Limited Company

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 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.

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EMS Limited - Promoter(s)

Mr. Ramveer Singh

Mr. Ashish Tomar

Pre Issue Share Holding : 96.71%

Post Issue Share Holding : 69.73%

EMS Limited IPO - Issue Objectives
1

Funding of working capital requirements of the company

2

General corporate purposes.

EMS Limited IPO - Anchor Investors

EMS raises Rs 96.37 crore via anchor book ahead of IPO.
NAV Capital VCC - NAV Capital Emerging Star Fund, Abakkus Diversified Alpha Fund, Saint Capital Fund, Meru Investment Fund PCC - CELL 1, BofA Securities Europe SA - ODI, and Morgan Stanley Asia (Singapore) Pte are the anchor investors.

EMS Limited IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
EMS Limited 2.03 10.78 22.31% 543
VA Tech Limited 1.95 10.8 3.11% 2,960