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EMS Ltd

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the EMS Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

IPO Snapshot

Key metrics and details at a glance.

Price Band

₹211

Per Share

Lot Size

70 Shares

Minimum Investment

₹14,770

Issue Size

₹321.25 Cr

Face Value

₹10

Per Share

IPO Type

Book Building

Retail Quota

35%

QIB Quota

50%

NII Quota

15%

IPO Timeline

Important dates for your applying strategy.

IPO Opens8 Sept
IPO Closes12 Sept
Basis of Allotment15 Sept
Refund Initiation18 Sept
Shares Credited20 Sept
Listing Date21 Sept
IPO Process Completed

Subscription Status

Live demand across investor categories.

Track real-time subscription levels:

*Real-time data subject to exchange updates

Qualified Institutional Buyers (QIB)0.67x
Non-Institutional Investors (NII)29.73x
Retail Individual Investors (RII)16.62x
Overall Subscription15.05x

EMS Ltd

Business model, operations, and market positioning.

Promoter Holding (Pre-Issue)

96.71%

Issue Type

Book Building

ISIN

INE0OV601013

About the Company

EMS Limited is in the business of Sewerage solution provider, Water Supply System, 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. WWSPs include Sewage Treatment Plants (STPs) along with Sewage Network Schemes and Common Effluent Treatment Plants (CETPs) and WSSPs include Water Treatment Plants (WTPs) along with pumping stations and laying of pipelines for supply of water (collectively, "Projects"). The treatment process installed at STPs and CETPs is compliant with Ministry of Environment, Forest and Climate Change of India norms and the treated water can be used for horticulture, washing, refrigeration and other process industries. The Company bids for tenders issued by CPWD (Central Public Work Department), State Governments and Urban Local Bodies ("ULBs") for developing WWSPs and WSSPs on EPC or HAM (Hybrid Annuity Model) basis. 100% revenue of the Company are generated through Government tenders/work/ projects only.

Industry Overview

India is the world's second most populous country with 1.38 billion people. Out of this, 65% of the population lives in rural area and 35% are connected to the urban centers according to United Nation (2019). The metropolitan cities of the country are seeing major expansion as a result of economic expansions and reforms. This expansion in urban population is unsustainable without efficient planning of cities and provision of utility services especially clean and affordable water. Water allocation in cities are usually done from common pool with multiple sectoral demand. It is expected that by 2050, about 1450 km3 of water will be required out of which approx. 75% will be used in agriculture, ~7% for drinking water, ~4% in industries, ~9% for energy generation. However, because of growing urbanization, the need for drinking water will take precedence from the rural water requirements. Many of the cities are situated by the bank of rivers from where the fresh water is consumed by the population and the waste water is disposed back into the river, thus contamination of the water source and irrigation water. This has raised serious challenges for urban wastewater management, planning and treatment. According to the by Central Pollution Control Board (CPCB), the estimated wastewater generation was almost 39,600 million litres per day (MLD) in rural regions, while in urban regions it was estimated to be 72,368 MLD for the year 2020-21. The estimated volume is double in the urban cities is almost double than that of the rural regions because of the availability of more water for sanitation which has increased standard of the living. The construction industry in a country is an important indicator of its development. Broadly, the construction sector can be classified into infrastructure, real estate and industrial construction. Wherein, infrastructure can further be spread across different sectors such as roads and highways, telecom, airports, ports, power, oil and gas and railways. The construction sector contributed around 8% to the national GVA (at constant price) in FY22. Increase in Infrastructure demand & Government initiatives shows the potential for catapulting India to the third largest construction market globally. e

Company History

EMS Limited was originally incorporated as `EMS Infracon Private Limited' a private limited company under the Companies Act, 1956 at Delhi, pursuant to a certificate of incorporation dated December 21, 2010 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter on June 30, 2012, the Company took over the business of partnership firm, M/s Satish Kumar. Thereafter, name of the Company was changed from `EMS Infracon Private Limited' to `EMS Private Limited', pursuant to a special resolution passed by the shareholders of the Company on September 30, 2022 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Delhi ("RoC") on October 26, 2022. Subsequently, the Company was converted from private to public company, pursuant to a special resolution passed by the shareholders of the Company on October 27, 2022 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Delhi ("RoC") on November 25, 2022.

Products & Services

  • EMS Limited is in the business of Sewerage solution provider, Water Supply System, Water and Waste Treatment Plants, Electrical Transmission and Distribution, Road and Allied works

Growth Strategy

  • Increasing the size of projects and its pre-qualification.
  • Expansion of its footprint.
  • Capitalize on Government policy initiatives in WWTP and WSSP sectors.
  • Continue to enhance its core strengths by attracting, retaining and training qualified personnel.

Customer Base

CPWD, State Government and Urban Local Bodies for developing WWSPs and WSSPs on EPC or HAM basis.

Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Consolidated figures
Financial Performance Categories

Revenue

−7.6%vs FY24

Amount in ₹ crore

793
972
733
FY24FY25FY26

Profit After Tax (PAT)

−40.6%vs FY24

Amount in ₹ crore

152
184
90.5
FY24FY25FY26

Total Assets

+37.1%vs FY24

Amount in ₹ crore

971
1,166
1,331
FY24FY25FY26

Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public offer of up to 1,52,24,925* equity shares of face value of Rs. 10 each ("Equity Shares") of EMS Limited ("Company") for cash at a price of Rs. 211 per equity share (including a premium of Rs. 201 per equity share) ("Offer Price") aggregating up to Rs. 146.24 crores through fresh issue of equity shares and an offer for sale (the "Offer") of up to 82,94,118 equity shares aggregating up to Rs. 175.01 crores by Ramveer Singh (the "Promoter Selling Shareholder") and the promoter selling shareholder are referred to as, the "Selling Shareholder" and such equity shares offered by the selling shareholder, the "Offered Shares"). The issue will constitute 27.42 % of the post-issue paid-up capital of the company. *Subject to finalization of basis of allotment. The company has, in consultation with the brlm, undertaken a pre-ipo placement of 16,00,000 equity shares at an issue price of Rs. 211 per equity share (including a premium of Rs. 201 per equity share) aggregating Rs. 33.76 crores. The size of the fresh issue of up to Rs. 180.00 crores has been reduced by Rs. 33.76 crores pursuant to the pre-ipo placement and the revised size of the fresh issue is up to Rs. 146.24 crores.

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

Strengths and Risk Factors
  • In house designing, engineering and execution team;
  • Strong order book of projects across India;
  • Strong execution capabilities with industry experience and established track record;
  • Experienced Promoters and Management Team.
  • Strong Financial Performance for the last 3 years:
  • The Company, its Promoters/Director and its Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • The company has been black-listed in past.
  • Most agreements that the company has entered into in connection with its business contain a penalty or liquidated damage clause for delay in the completion of a project that takes effect should the completion of a project be delayed.
  • The company bid for WWTPs and WSSPs mostly funded by the World Bank through Central and State Governments and derive its revenues from the contracts awarded to it. Any reduction in budgetary allocation to this sector may affect the number of projects that the government authorities/bodies may plan to develop in a particular period. Its business is directly and significantly dependent on projects awarded by them.
  • The company deploy traditional technologies in the designing and installation of WWTPs or WSSPs. Any incapability to adopt a new technology or change in the requirement of a particular technology by the government authorities may affect its position to bid for WWTPs or WSSPs.

Frequently Asked Questions

01

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.
03

When will I know if shares are allotted to me?

Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.
04

Can I modify or cancel my IPO application?

Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.
05

What happens if the IPO is oversubscribed?

If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.
EMS Ltd IPO Status, GMP, Price & Dates Today | Alice Blue