The company has fixed a price band of Rs 200-211. About 50% of the offer is reserved for qualified institutional buyers (QIB), 15% for non-institutional investors, and the rest 35% for retail investors
Analysts advised investors to subscribe to the IPO over fair valuations, robust order book, and strong execution capabilities with vast industry experience.
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.