Tag: EMs

EMS shares closed with 33% gains on their listing day, despite a bearish market sentiment. The company has a proven track record of successful project execution and a strong order book. It also has a healthy financial position. The strong listing performance of EMS shares is a positive sign for the company and its investors.

EMS Limited, a water and wastewater management company, is expected to list strongly on September 21. The company's IPO was subscribed 75.28 times, driven by strong demand from qualified institutional buyers, high networth individuals, and retail investors. EMS has a proven track record of successful project execution and a strong order book. It also has a healthy financial position. Analysts are positive on the company and advise investors who are allotted shares to hold them from a medium to long term perspective. Professional investors should carefully consider the company's strong fundamentals and long-term growth outlook before making an investment decision.

EMS IPO subscribed 75.28 times on the final day of bidding, with strong demand from all investor categories. The QIB portion was subscribed 153.02 times, the HNI portion was subscribed 82.32 times, and the retail investor portion was subscribed 29.79 times. The company intends to use the net fresh issue proceeds for working capital requirements and general corporate purposes. EMS will start trading on the BSE and NSE with effect from September 21.

The EMS IPO was oversubscribed 15 times on the second day of bidding. HNIs and retail investors were the most bullish on the company, bidding 29.71 times and 16.59 times the allotted quota respectively. QIBs have bought 67 percent shares of the reserved portion. The IPO will close on September 12.

EMS Limited, a leading provider of sewerage and water solutions, expects its revenue growth to normalize to about 25% in the current financial year 2023-24 (FY24), from 50% in the previous fiscal year (FY23). The company's IPO was fully subscribed on the first day of bidding, which is a positive sign for the company's future prospects.