-- / 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%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

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:

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World Bank Funded Projects
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Robust Order Book
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Scalable and Asset Light Business Model supported by our Strong Financial Position
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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.

  • Most business agreements contain a penalty or liquidated damage clause for delay in the completion of a project.

  • The company has reported certain negative cash flows from its financing activity and investing activity.

  • Increasing the size of projects and the company’s pre-qualification.

  • Expansion of the company’s footprint.

  • Capitalise on Government policy initiatives in WWTP and WSSP sectors.

Here are the key financials for EMS Limited.

Particulars (in Rs. million)

Particulars (in Rs. million)

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EMS Ltd IPO FAQs

EMS Ltd will list on 2023-09-21.

321.25 is the issue size of EMS Ltd IPO.

The price band of EMS Ltd IPO is ₹211 to ₹0.

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.

KFin Technologies Limited is the registrar for this IPO.

You may read more about EMS Limited and its IPO from the company’s red herring prospectus (RHP) here:

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