The company completed the pre-IPO placement round and raised Rs 33.76 crore via it, leading to a reduction in fresh issue size in the upcoming maiden public issue. In the pre-IPO placement round, the Ghaziabad-based firm issued 16 lakh equity shares at an issue price of Rs 211 apiece.
Uttar Pradesh-based construction company EMS plans to raise Rs146 crore through a fresh issue of shares and another up to Rs175 crore through an offer for sale. The company plans to use Rs101.2 crore to fund working capital requirements. Investors may consider investing in the Initial Public Offering (IPO) of given the asset light business model, strong revenue visibility and reasonable valuations.