EMS stock market listing: The company's stock debuted on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) with premiums of 34 per cent and 33 per cent, respectively.
The Street is bullish on EMS as it exclusively undertakes project tenders initiated by government or semi-government entities, financially backed by the World Bank and the Asian Development Bank
EMS, a company offering water and sewage infrastructure solutions, debuted on the exchanges with a 33.6% premium over the issue price. The IPO received a strong response from investors with an overall subscription of 75.29 times. The proceeds from the IPO will be used to fund working capital requirements and other corporate purposes. The company has executed 67 projects and has an order book of Rs 1,775 crore.