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.
EMS IPO: The initial public offering of water and sewerage infra player EMS Ltd has been opened for public subscription on September 8 and will be closed on September 12 this year; The price band for the Rs 321-crore IPO has been fixed at Rs 200-Rs 211 per share
The strong demand was led by non-institutional investors, whose category was subscribed 1.89 times, and retail investors with 1.64 times subscription. There were no bids yet from qualified institutional buyers.
The issue received good interest from non-institutional and retail investors on day 1.It has already raised ₹96.37 crore from anchor investors.The net proceeds