EMS Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

08 Sep 2023

Close Date

12 Sep 2023

Allotment

15 Sep 2023

Listing Date

21 Sep 2023

Exchange

NSE & BSE

Price Band

₹211

Listing Price

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Allotment Status

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Price Band

₹211

Per share

Face Value

₹10 per share

Lot Size

70 Shares

per lot

Issue Size

1,52,24,925 shares (aggregating up to ₹321.25 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,770

1 lot

Post-IPO Holding

5,55,30,806 shares

Promoters

P/E (Post)

10.78x

EPS (Pre)

₹23.15

UPI Deadline

2023-09-12

Mandate

Anchor AllotmentThu, 07 Sep 2023

Basis of AllotmentFri, 15 Sep 2023

Refund InitiationMon, 18 Sep 2023

Demat CreditWed, 20 Sep 2023

Listing DayThu, 21 Sep 2023

UPI Mandate Deadline2023-09-12

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares69,30,807 shares (aggregating up to ₹146.24 Cr)

Offer for Sale82,94,118 shares of ₹10 (aggregating up to ₹175.01 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

EMS Ltd. IPO subscribed 109.59 times overall. Retail: 210.59x. QIB: 38.91x. NII: 395.65x. By 12 Sep 2023.

QIB

38.91x

Over

NII/HNI

395.65x

Over

Retail

210.59x

Over

Total

109.59x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 38.91x	5,117,680	—	₹107.98
NII / HNI	Over 395.65x	1,023,502	—	₹21.60
Retail	Over 210.59x	682,346	—	₹14.40
Total	109.59x	6,823,528	100%	₹143.98

IPO Shares Offered

EMS Ltd. IPO total issue size: ₹143.98 Cr. Retail: ₹14.40 Cr. QIB: ₹107.98 Cr. NII: ₹21.60 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
QIB	5,117,680	₹107.98	75.00%
NII	1,023,502	₹21.60	15.00%
Retail	682,346	₹14.40	10.00%
Total	6,823,528	₹143.98	100.00%

* Based on upper price band ₹211 per share

Basis of Allotment

	QIB			NII			Retail	Total
	Ex. Anchor	Anchor	Total QIB	Below ₹10L	Above ₹10L	Total NII	Retail	Total
Allocation (shares)	—	—	—	—	—	1,023,502	682,346	1,705,848
Allotment price (₹)	211	211	211	211	211	211	211	211
No. of applications	—	—	—	—	—	—	—	—
No. of shares applied	—	—	—	—	—	—	—	—
Amount collected (₹Cr)	—	—	—	—	—	—	₹14.40	₹14.40
Times subscribed	38.91x	—	—	—	—	395.65x	210.59x	109.59x
Shares allotted	—	—	—	—	—	1,023,502	682,346	1,705,848
No. of allottees	—	—	—	—	—	—	—	—

* Upper price band ₹211 · ** Anchor allotment excluded from public shares

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹211.00

Upper Band

Min Investment

₹14,770

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	140	₹29,540
Retail (Max — 13 Lots)	13	910	₹192,010
S-HNI (Min — 14 Lots)	14	980	₹206,780
B-HNI (Min — 68 Lots)	68	4,760	₹1,004,360

* Issue Price ₹211 × Lot Size 70 shares

IPO Schedule

Anchor

07 Sep 2023

✓ Done

IPO Open

08 Sep 2023

✓ Done

IPO Close

12 Sep 2023

✓ Done

Allotment

15 Sep 2023

✓ Done

Refunds

18 Sep 2023

✓ Done

Demat Credit

20 Sep 2023

✓ Done

Listing Day

21 Sep 2023

✓ Done

₹211.00

INR · BSE

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Issue ₹211.00 Live Price

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

Funding of working capital requirements of the company; and

General corporate purposes.

EMS Ltd. Financials (Amount in Crore)

Revenue from Operations

₹363.1

31 Mar 2022

₹336.2

31 Mar 2021

₹332.4

31 Mar 2020

Profit After Tax (PAT)

₹78.9

31 Mar 2022

₹71.9

31 Mar 2021

₹72.4

31 Mar 2020

Particulars	31 Mar 2020	31 Mar 2021	31 Mar 2022
Revenue from Operations	332.36	336.18	363.10
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	72.43	71.91	78.93
Net Worth	229.99	301.91	380.18
Total Assets	308.08	378.31	502.55
Reserves & Surplus	218.24	290.16	368.43
Borrowings	14.80	3.16	3.71
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

22.27

RoCE

28.26

RoNW

22.31

Debt/Equity

0.09

Issue Structure & Shareholding

Total Shares Offered1,52,24,925 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter HoldingN/A

Post-Issue Promoter Holding5,55,30,806 shares

P/BV RatioN/A

RoE22.27

RoCE28.26

Debt / Equity0.09

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

ems.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Khambatta Securities Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much EMS Ltd. IPO subscribed? ▲

EMS Ltd. IPO is subscribed 109.59 times by Sep 12, 2023. Retail: 210.59x. QIB: 38.91x. NII: 395.65x.

Investor Category	Subscription
Qualified Institutional (QIB)	38.91x
Non Institutional (NII/HNI)	395.65x
Retail Individual	210.59x
Total Subscription	109.59x

What is EMS Ltd. IPO retail subscription status? ▼

The EMS Ltd. IPO retail category is subscribed 210.59 times as of 12 Sep 2023. The retail portion is oversubscribed.

How to subscribe EMS Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 08 Sep 2023 and closes 12 Sep 2023. Min investment: ₹14,770 (1 lot = 70 shares). UPI mandate: 2023-09-12.

How many times EMS Ltd. IPO subscribed? ▼

The EMS Ltd. IPO subscribed 109.59x overall. QIB: 38.91x, NII: 395.65x, Retail: 210.59x. Applications: from NSE/BSE.

How to check EMS Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 15 Sep 2023. Refunds: on 18 Sep 2023.

When EMS Ltd. IPO will be listed? ▼

The EMS Ltd. IPO listing date is 21 Sep 2023, Thursday. Listed on: NSE & BSE. Issue price: ₹211. Estimated listing: ₹211. GMP: NIL.

When EMS Ltd. IPO close? ▼

The EMS Ltd. IPO closes on 12 Sep 2023, Tuesday. UPI mandate: 2023-09-12. Allotment: 15 Sep 2023. Listing: 21 Sep 2023.

Quick Actions

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Live Price LIVE

Last Price₹211.00

Change—

Issue Price₹211.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹211

Face Value₹10

Lot Size70 Sh

Min. Amount₹14,770

GMPNIL

Est. Listing₹211

Subscribed109.59x

Open Date08 Sep 2023

Close Date12 Sep 2023

Allotment15 Sep 2023

Listing Date21 Sep 2023

ExchangeNSE & BSE

UPI Deadline2023-09-12