Ahead of the listing, EMS shares are fetching a premium of Rs 82 in the unlisted market. At the upper price band of Rs 211, EMS shares are expected to list at a strong premium of 39%.
According to its IPO draft, as on July 31, 2023, the company was operating and maintaining 18 projects including Wastewater Scheme Projects (WWSPs), Water Supply Scheme Projects (WSSPs), Sewage Treatment Plants (STPs) and Hybrid Annuity Model (HAM) aggregating Rs 1,744.9 crore and 5 O&M projects aggregating Rs 99.3 crore
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.