04-Sep-2023
2 mins read
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EMS Limited, a company specialising in water and sewage infrastructure solutions, is planning to raise funds between Rs 300 crore to Rs 320 crore via its upcoming initial public offering (IPO). Which comprises a fresh issuance of shares worth Rs 146.24 crore and an offer-for-sale of 82.94 lakh shares, amounting to Rs 175 crore at the upper price band, by promoter Ramveer Singh. The company is targeting a September launch for its public offering. The EMS IPO offer will open for subscription from September 8, with a price band of Rs 200-211 per share.
Prior to submitting the red-herring prospectus, the company garnered Rs 33.76 crore via a private placement (pre-IPO placement) involving 16 lakh shares at the higher price range. Consequently, the original size of the fresh issue, previously set at Rs 180 crore, has been reduced to Rs 146.24 crore, taking into account the funds raised through the private placement.
The anchor book is scheduled to be open for a single day on September 7, whereas the public issue will conclude on September 12.
EMS Limited Company Profile
Founded in 2012, EMS Limited, formerly known as EMS Infracon, operates within the realm of delivering services related to the collection, treatment, and disposal of water and wastewater.
The company provide wide range of services, including sewerage solutions, water supply systems, water and waste treatment plants, electrical transmission and distribution, road construction and related projects, as well as the operation and maintenance of wastewater scheme projects (WWSPs) and water supply scheme projects (WSSPs) for government authorities and bodies.
WWSPs encompass Sewage Treatment Plants (STPs), Sewage Network Schemes, and Common Effluent Treatment Plants (CETPs). On the other hand, WSSPs include Water Treatment Plants (WTPs), pumping stations, and the installation of pipelines for water supply.
EMS Limited possesses its in-house civil construction team, comprising more than 57 engineers. Additionally, the company collaborates with third-party consultants and industry experts to enhance its capabilities and expertise.
Financials of EMS Limited (In Rs Crore)
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| Assets | 308.08 | 378.31 | 502.55 | 638.72 |
| Revenue | 332.36 | 336.18 | 363.1 | 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 | 14.8 | 3.16 | 3.71 | 45.4 |
Important Dates of EMS Limited IPO
| IPO Date | September 8, 2023 to September 12, 2023 |
| Listing Date | Thursday, September 21, 2023 |
| Face Value | Rs 10 per share |
| Price | Rs 200 to Rs 211 per share |
| Lot Size | 70 Shares |
| Total Issue Size | Aggregating up to Rs 321.24 Cr |
| Fresh Issue | Aggregating up to Rs 146.24 Cr |
| Offer for Sale | 8,294,118 shares of Rs 10 (Aggregating up to ₹175.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 48,600,000 |
Objectives of the EMS Limited IPO
The company plans to allocate the net proceeds from the issue for the following purposes:
- Meeting the company’s working capital needs.
- Utilising the funds for general corporate purposes.
Promoters of the EMS Limited
Ramveer Singh and Ashish Tomar are the promoters of the EMS Limited.
Lead Managers of the EMS Limited IPO
Khambatta Securities Limited is the lead manager of the EMS Limited IPO.
How to Apply for the EMS Limited IPO?
Wait for the public issue to open for subscription, then click on this link to apply for EMS Limited IPO with Bigul: https://ipo.bonanzaonline.com/.
FAQs for EMS Limited IPO
- What is EMS Limited’s primary business?
EMS Limited, formerly known as EMS Infracon, specialises in providing water and sewage infrastructure solutions. They offer a wide range of services, including sewerage solutions, water supply systems, water and waste treatment plants, electrical transmission and distribution, road construction, and more in the field of water and wastewater management.
- What is the size of EMS Limited’s upcoming IPO?
EMS Limited plans to raise funds in the range of Rs 300 crore to Rs 320 crore through its IPO. This comprises a fresh issuance of shares worth Rs 146.24 crore and an offer-for-sale of 82.94 lakh shares, amounting to Rs 175 crore at the upper price band, by promoter Ramveer Singh.
- When is EMS Limited’s IPO set to launch?
The EMS Limited IPO will open for subscription on September 8, 2023, and conclude on September 12, 2023. The listing date is scheduled for Thursday, September 21, 2023.
- What is the price band for EMS Limited’s IPO shares?
The price band for EMS Limited’s IPO shares is set at Rs 200 to Rs 211 per share.
- What is the lot size for EMS Limited’s IPO?
The lot size for EMS Limited’s IPO is 70 shares.
- What are the key objectives of EMS Limited’s IPO?
The primary objectives of EMS Limited’s IPO are to:
- Meet the company’s working capital needs.
- Utilise the funds for general corporate purposes.
- Who are the promoters of EMS Limited?
The promoters of EMS Limited are Ramveer Singh and Ashish Tomar.
- Who is the lead manager for EMS Limited’s IPO?
Khambatta Securities Limited is the lead manager for EMS Limited’s IPO.
- What is the face value of EMS Limited’s shares?
The face value of EMS Limited’s shares is Rs 10 per share.