EMS IPO – All you need to know

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 nameEMS Limited
IndustryEngineering – Construction
Company Websitehttps://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 date08 September 2023
IPO Closing12 September 2023
Basis of Allotment15 September 2023
Initiation Refund18 September 2023
Credit to Demat Account20 September 2023
Listing Date21 September 2023

IPO details

Issue typeBook 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 size70 Shares
Retail Allocation35%
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)170₹14,770
Retail (Max)13910₹192,010
S-HNI (Min)14980₹206,780
S-HNI (Max)674,690₹989,590
B-HNI (Min)684,760₹1,004,360

Reservation Details

QIB Shares Offered50 %
NII (HNI) Shares Offered15 %
Retail Shares Offered35 %

Financial Performance

 FY 2020FY 2021FY 2022FY 2023
Net income72.4371.9178.93108.67
Margin (%)22.2421.7421.9320.19
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio8.64 – 9.11
RONW (%)23.8320.7922.31
ROCE (%)33.6529.5028.26
EBITDA (%)29.9131.2727.69

Company Promoters

  • Mr. Ramveer Singh
  • Mr. Ashish Tomar

Promoter Holding

Pre Issue Share Holding96.71%
Post Issue Share Holding

Lead Manager(s)

  • Khambatta Securities Limited

IPO Registrar

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

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

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