EMS IPO Details
Issue Date
--
Price Range
₹211
Lot Size
70
IPO Size
₹321.25 Cr
EMS IPO Listing Details
Listing On
21 Sep'23
Issue Price
--
Listed Price
₹ 282.05
Retail Gain/Listing Gain
▲33.67%
Schedule of EMS IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
21/09/2023
Company Background
EMS Ltd. operates in the business of 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. The scope of their services typically includes the design and engineering of projects, procurement of raw materials, execution at the site with overall project management, and the commissioning of projects.
The company has an in-house team for designing, engineering and construction, making them self-reliant on all aspects of the business. They also have a team of 61 engineers supported by third-party consultants and industry experts to ensure compliance and quality standards laid down by the industry and government agencies & departments. In addition to the independent execution of projects, they also enter into joint ventures with other infrastructure and construction companies to jointly bid and execute projects.
The company’s EBITDA for Fiscals 2023, 2022 and 2021 were Rs. 14,899.95, Rs. 11,251.19 and Rs. 9,889.97 respectively (in Rs. Lakhs). Correspondingly, the EBITDA margins for these fiscal years were 27.69%, 31.27%, and 29.91%, respectively.
With that, let's take a look at the competitive strengths and risk factors for EMS Ltd:
Risk Factors
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The company is dependent on Government projects and any changes in government policies related to the environment and water treatment may adversely affect the business, financial condition and results of operations.
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Most business agreements contain a penalty or liquidated damage clause for delay in the completion of a project.
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The company has reported certain negative cash flows from its financing activity and investing activity.
Key Strategies
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Increasing the size of projects and the company’s pre-qualification.
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Expansion of the company’s footprint.
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Capitalise on Government policy initiatives in WWTP and WSSP sectors.
EMS Ltd
Here are the key financials for EMS Limited.

How to apply for IPO through ASBA
Kotak Securities
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