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.

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

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 315.82 306.94 337.66 484.22 719.36
Total Expenditure 221.06 211.89 231.8 344.01 524.68
Operating Profit 94.77 95.04 105.86 140.21 194.69
Other Income 6.58 5.45 4.16 4.67 15.37
Interest 2.9 4.45 5.72 2.75 2.19
Depreciation 0.95 0.92 1.84 1.99 5.29
Exceptional Items 0 0 0 0 0
Profit Before Tax 97.5 95.12 102.45 140.14 202.59
Provision for Tax 25.63 25.3 27.29 36.95 52.63
Net Profit 71.86 69.82 75.16 103.19 149.96
Adjusted EPS (Rs.) 1.53 1.49 1.6 2.2 2.7

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 11.75 11.75 11.75 47 55.53
Total Reserves 220.19 290.01 364.71 432.79 729.25
Borrowings 10.64 0.64 1.73 0.33 1.05
Other N/C liabilities 5.01 6.72 8.69 13.03 6.72
Current liabilities 76.11 62.63 99.19 59.97 60.99
Total Liabilities 323.71 371.75 486.07 553.12 853.54
Assets
Net Block 28.69 33.83 26.48 29.45 56.18
Capital WIP 0 0 0 3.68 0
Intangible WIP 0 0 0 0 0
Investments 2.98 3.69 10.18 10.24 19.17
Loans & Advances 0.06 0.07 41.36 3.78 25.44
Other N/C Assets 0 0 43.53 131.07 216.26
Current Assets 291.97 334.17 364.53 374.9 536.48
Total Assets 323.71 371.75 486.07 553.12 853.54
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 7.6 6.22 0.47 2.22 1.98
Profit Before Tax 60.86 49.77 62.42 49 67.22
Tax 16.07 12.96 16.08 12.16 17.69
Profit After Tax 44.79 36.81 46.34 36.84 49.53
Adjusted EPS (Rs) 8.07 6.63 8.34 6.63 8.92

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 69.7 0
Jun 2024 69.7 0
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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 97.5 95.12 102.45 140.14 202.59
Adjustment -1.18 0.24 4.18 -0.45 -10.08
Changes in Assets & Liabilities -59.11 -74.38 -88.61 -76.4 -223.05
Tax Paid -0.41 -0.28 -0.63 -40.16 -42.4
Operating Cash Flow 36.8 20.7 17.4 23.14 -72.93
Investing Cash Flow -21.76 -1.63 -5.72 -19.4 -68.67
Financing Cash Flow -35.6 -19.24 -4.57 -4.15 156
Net Cash Flow -20.56 -0.18 7.11 -0.41 14.4
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