The Rs 321 crore-IPO of EMS kicked-off for bidding on Friday as the wastewater treatment player is selling its shares in range of Rs 200-211 apiece with a lot size of 70 shares.
IPO screener: EMS issue opens today at ₹200-211 price band - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The Rs 321 crore IPO of EMS will kick-off for bidding on Friday as the wastewater treatment player is selling its shares in range of Rs 200-211 apiece with a lot size of 70 shares.
EMS IPO fully booked which may be attributed largely to the reasonable valuations, robust orderbook, government s focus on improving groundwater management through the Atal Bhujal Yojana program, robust cash flows and healthy financial performance.
The IPO comprises a fresh issuance of shares worth Rs 146.24 crore and an offer-for-sale of 82.94 lakh shares, amounting to Rs 175 crore at the upper price band, by promoter Ramveer Singh.