EMS Limited

About EMS Limited IPO

Incorporated in 2010, EMS Limited is in the business of sewerage solutions, offering wastewater collection, treatment, and disposal services. The company also does the operation and maintenance of wastewater projects for government bodies. It bids for tenders issued by the Central Public Works Department, State Governments and Urban Local Bodies. 

The company employs 61 engineers and houses a design, engineering, and construction team, making it a self-reliant business. The scope of its services includes designing and engineering projects, procurement of raw materials, execution at site, commissioning and maintenance of these plants for a certain period. 

As of 31 July 2023, the company has 18 ongoing projects aggregating to ₹1,744 crore and five operation and maintenance projects aggregating to ₹99 crore. Company has joint ventures with several other companies, which helps it to bid and execute large projects.  

Between FY21 and FY23, it has seen a CAGR growth of 17% in its revenue from operations. Meanwhile, its net profit rose 14% during the same period. Moreover, the government’s initiatives in the infrastructure sector and the country’s growing wastewater management requirement give it access to further growth opportunities.

And now, EMS Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised for funding capital expenditure and general corporate purposes. Its shares will be listed on the NSE and the BSE. 

Here are key details about the EMS IPO:

Financial snapshot

A quick look at EMS Limited IPO’s strengths, risks and threats

Strengths 

1. Strong execution capabilities with experience of having completed 67 projects since incorporation. 
2. Robust order book aggregating up to ₹1,844 crore as of 31 July 2023. 
3. Scalable and asset-light business model with total borrowing of ₹45 crore and a debt-to-equity ratio of 0.09 in FY23.
4. Most of its projects are funded by the World Bank through local government bodies.
5. Treatment processes comply with the Ministry of Environment, Forest and Climate Change of India norms. 

Risks and threats

1. Has reported negative cash flows from both operating and investing activities in FY23. 
2. Company has been blacklisted in the past by two government bodies for the inadequacy of the safety equipment and fraudulently mentioning certain wrong facts respectively. 
3. Delays in project completion may lead to penalties, adversely impacting company revenue and profitability.
4. Operates in a capital-intensive industry with long gestation periods with working capital estimates of ₹532 crore and ₹662 crore for FY24 and FY25 respectively.

EMS Limited IPO details

| EMS Limited IPO date

According to the offer document filed by the company with the SEBI, the EMS IPO’s opening date – in other words, the EMS IPO launch date – will be 8th September 2023. The EMS IPO closing date is 12th September 2023. After this, investors will be updated about the allotment status on 15th September 2023.

Investors, who have been allotted shares, can expect them to be credited to their demat account on 20th September 2023. The EMS IPO listing date is 21st September 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. 

| EMS Limited IPO price band

The IPO is an offer for sale as well as a fresh issue. The EMS IPO price band has been set between ₹200 and ₹211 per share. Interested investors can choose a price within this band to apply for the IPO. 

The EMS IPO listing price will be determined on 21st September 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.

| EMS Limited IPO lot size 

The EMS IPO details have been declared. The EMS IPO lot size is set at 70 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the EMS IPO issue size is approx ₹321 crore.

How to pre-apply for the EMS Limited IPO?

You can pre-apply for the EMS Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘ EMS Limited IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Pre-Apply’
7. Accept the mandate on your UPI app

How to apply for the EMS Limited IPO?

If you are interested in this investment opportunity but unsure how to apply for the EMS Limited IPO, here we are listing out the steps for you. 

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the EMS Limited IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘ EMS Limited IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

How to check the EMS Limited IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the EMS Limited IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your EMS Limited IPO allotment status will be mentioned

Open a demat account with Upstox to apply for the EMS Limited IPO

To apply for the EMS Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

Upstox – trading app to apply for the EMS Limited IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the EMS Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.