EMS IPO will open for subscription from 08 September 2023. The company aims for an issue size of ₹321.24 Cr through this IPO.
Company Overview
| Full name | EMS Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://ems.co.in/ |
About Company
The company is in the business of Sewerage solution providers, 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.
EMS Limited bids for tenders issued by CPWD, State Governments, and Urban Local Bodies (ULBs) for developing WWSPs and WSSPs on an EPC or HAM basis. It has an in-house team for designing, engineering, and construction, making it self-reliant in all aspects of the business. The company has a team of 57 engineers who are supported by third-party consultants and industry experts to ensure compliance and quality standards laid down by the industry and government agencies & departments. It also has its own team for civil construction works thereby reducing dependence on third parties.
As on March 24, 2023, it was operating and maintaining 13 projects including WWSPs, WSSPs, STPs & HAM aggregating INR 1,38,909.00 lakhs & 5 O&M projects aggregating to INR 9,928.00 lakhs i.e. unbilled amount as of February 28, 2023, spread across five states.
The Objective of the Issue
- Funding of working capital requirements of the company,
- General corporate purposes.
IPO Timetable
| IPO Opening date | 08 September 2023 |
| IPO Closing | 12 September 2023 |
| Basis of Allotment | 15 September 2023 |
| Initiation Refund | 18 September 2023 |
| Credit to Demat Account | 20 September 2023 |
| Listing Date | 21 September 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹321.24 Cr |
| Fresh Issue | ₹146.24 Cr |
| Offer for sale | ₹175.00 Cr |
| Face value | ₹10 per share |
| Price Band | ₹200 to ₹211 per share |
| Lot size | 70 Shares |
| Retail Allocation | 35% |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,770 |
| Retail (Max) | 13 | 910 | ₹192,010 |
| S-HNI (Min) | 14 | 980 | ₹206,780 |
| S-HNI (Max) | 67 | 4,690 | ₹989,590 |
| B-HNI (Min) | 68 | 4,760 | ₹1,004,360 |
Reservation Details
| QIB Shares Offered | 50 % |
| NII (HNI) Shares Offered | 15 % |
| Retail Shares Offered | 35 % |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 325.64 | 330.70 | 359.85 | 538.16 |
| Expenses | 234.06 | 237.99 | 255.61 | 396.40 |
| Net income | 72.43 | 71.91 | 78.93 | 108.67 |
| Margin (%) | 22.24 | 21.74 | 21.93 | 20.19 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 61.24 | 62.27 | 23.15 |
| PE ratio | – | – | 8.64 – 9.11 |
| RONW (%) | 23.83 | 20.79 | 22.31 |
| NAV | – | 80.89 | 103.80 |
| ROCE (%) | 33.65 | 29.50 | 28.26 |
| EBITDA (%) | 29.91 | 31.27 | 27.69 |
| Debt/Equity | 0.01 | 0.01 | 0.09 |
Company Promoters
- Mr. Ramveer Singh
- Mr. Ashish Tomar
Promoter Holding
| Pre Issue Share Holding | 96.71% |
| Post Issue Share Holding | – |
Lead Manager(s)
- Khambatta Securities Limited
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: ems.ipo@kfintech.com
Website: www.kfintech.com
Contact Details
EMS LIMITED
701, DLF Tower A, Jasola
New Delhi-110025, India
Phone: +91 8826696627
E-mail: cs@ems.co.in
Website: www.ems.co.in
Allotment Status
EMS Limited IPO allotment will be available on the KFin Tech website. Click on this link to get allotment status.
Final thoughts
EMS IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
