-- / 70 shares
IPO Details
Issue Date
--
Investment/lot
--
Price Range
211
Lot Size
70
IPO Size
₹ 321.25 Cr
IPO Listing Details
Listing On
21 Sep'23
Issue Price
--
Listed Price
₹ 282.05
Retail Gain/Listing Gain
▲33.67%
IPO Timeline
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.
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•00m 58 s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
EMS Ltd IPO FAQs
When is EMS Ltd IPO listing date?
EMS Ltd will list on 2023-09-21.
What is the issue size of EMS Ltd IPO?
321.25 is the issue size of EMS Ltd IPO.
What is the price band of the EMS Ltd IPO?
The price band of EMS Ltd IPO is ₹211 to ₹0.
What is the EMS Limited IPO?
The EMS Limited IPO has an issue size of Rs. 321.25 crores. The IPO opens for subscription on 8th September and closes on 12th September 2023.
Who is the Registrar for EMS Limited IPO?
KFin Technologies Limited is the registrar for this IPO.
Where can I read more about EMS Limited’s business?
You may read more about EMS Limited and its IPO from the company’s red herring prospectus (RHP) here:
