EMS Ltd. IPO

EMS Limited is a leading infrastructure solutions provider specializing in sewerage systems, water supply, waste treatment, electrical transmission, and road construction. They actively engage in government tenders and maintain a self-reliant in-house team of engineers to ensure compliance with quality and industry standards.

RHP
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DRHP
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Open Date

2023-09-08

Close Date

2023-09-12

Company Financials

You can get the following financial statements of EMS Ltd. as of now.

Subscription Details

The details about the EMS Limited IPO is as:

  • The issue size of the IPO is 321.24 Cr.
  • The price band for EMS Limited IPO is Rs 200 to Rs 211.
  • The shares of EMS Limited IPO will list on 21st September 2023.
  • The latest tentative GMP of  EMS Limited IPO is Rs 125.
  • The shares of EMS Limited IPO is subscribed 76.20 Times as of 12th September 2023. 

 

EMS Limited IPO Valuation

The approx valuation of EMS Limited IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 211
Existing Shares (Qty) 4.86 Cr
Fresh Issue 146.24 Cr
Market Cap 1171.7 Cr
EPS (FY23) Rs 23.15
PE Ratio 9.11x
Industry PE 13.86x

 

EMS Limited IPO Issue Size

EMS Limited IPO issue size is 321.24 Cr. 

Issue Amount
Fresh Issue 146.24 Cr
Offer For Sale 175 Cr

  

EMS Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 70 shares and a maximum of 13 lots of 910 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 70 Rs 14,770
 Maximum 13 910 Rs 1,92,010

 

EMS Limited IPO share offer

The shares of EMS Limited IPO is subscribed 76.20 Times as of 12th September 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 149.98 Times
Non-Institutional Minimum 15% 84.38 Times
Retail Individual Minimum 35% 30.54 Times
Total   76.20 Times

 

Allotment Details

Find below the dates for EMS Limited IPO:

Schedule Date
Basis of Allotment 15 September 2023
Refunds 18 September 2023
Credit to Demat Account 20 September 2023
IPO Listing Date 21 September 2023

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 313.05 315.82 306.94 337.66 484.25
Total Expenditure 226.91 221.06 211.89 231.8 344.04
Operating Profit 86.14 94.77 95.04 105.86 140.21
Other Income 5.2 6.58 5.45 4.16 4.67
Interest 2.59 2.9 4.45 5.72 2.75
Depreciation 0.81 0.95 0.92 1.84 1.99
Exceptional Items 0 0 0 0 0
Profit Before Tax 87.94 97.5 95.12 102.45 140.14
Provision for Tax 25.41 25.63 25.3 27.29 36.95
Net Profit 62.53 71.86 69.82 75.16 103.19
Adjusted EPS (Rs.) 1.33 1.53 1.49 1.6 2.2

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 11.75 11.75 11.75 11.75 47
Total Reserves 148.33 220.19 290.01 364.71 432.79
Borrowings 14.29 10.64 0.64 1.73 0.33
Other N/C liabilities 1.96 5.01 6.72 8.69 15.46
Current liabilities 106.44 76.11 62.63 99.19 59.99
Total Liabilities 282.76 323.71 371.75 486.07 555.57
Assets
Net Block 3.96 28.69 33.83 26.48 29.45
Capital WIP 0 0 0 0 3.68
Intangible WIP 0 0 0 0 0
Investments 1.93 2.98 3.69 10.18 10.24
Loans & Advances 0.08 0.06 0.07 41.36 72.25
Other N/C Assets 0 0 0 43.53 48.29
Current Assets 276.8 291.97 334.17 364.53 391.66
Total Assets 282.76 323.71 371.75 486.07 555.57
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023
Other Income 7.6 6.22
Profit Before Tax 60.86 49.77
Tax 16.07 12.96
Profit After Tax 44.79 36.81
Adjusted EPS (Rs) 8.07 6.63

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 69.7 0
Dec 2023 69.7 0
Sep 2023 69.7 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 0 97.5 95.12 102.45 140.14
Adjustment 0 -1.18 0.24 4.18 -0.45
Changes in Assets & Liabilities 0 -59.11 -74.38 -88.61 -129.97
Tax Paid 0 -0.41 -0.28 -0.63 -0.76
Operating Cash Flow 0 36.8 20.7 17.4 8.96
Investing Cash Flow 0 -21.76 -1.63 -5.72 -5.23
Financing Cash Flow 0 -35.6 -19.24 -4.57 -4.15
Net Cash Flow 0 -20.56 -0.18 7.11 -0.41
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