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.

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EMS Ltd. IPO Details

Check out the issue details for EMS Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 211

Price Band

₹ 200 - 211

Issue Size

321.24 Cr.

Issue Type

Book Built

Open

2023-09-08

Close

2023-09-12

Listing price

₹ 282.05

Listing Gain

33.67%

Listing Date

2023-09-21

CMP

₹ 390.3

Current Return

84.98%

EMS Ltd. News

EMS informs about press release3 Sep 2026, 11:16AM EMS shines on emerging as lowest bidder for Rs 218.65 crore project in Rajasthan2 Sep 2026, 3:02PM EMS emerges as lowest bidder for Rs 218.65 crore project in Rajasthan2 Sep 2026, 2:46PM EMS informs about integrated annual report 1 Sep 2026, 1:00PM EMS informs about AGM1 Sep 2026, 12:20PM EMS gets highest bidder status for NHAI Fee Plaza operations in Gujarat31 Aug 2026, 3:14PM EMS gets LoA worth Rs 19.91 crore 31 Aug 2026, 12:28PM EMS informs about disclosure29 Aug 2026, 2:46PM EMS shines on emerging as lowest bidder for Rs 190.86 crore Water Treatment project in Kota20 Aug 2026, 2:20PM EMS emerges as lowest bidder for Rs 190.86 crore Water Treatment project in Kota20 Aug 2026, 2:07PM EMS rises on emerging as L-1 bidder for Rs 129.80 crore sewerage work in Jodhpur18 Aug 2026, 12:19PM EMS emerges as L-1 bidder for Rs 129.80 crore sewerage work in Jodhpur17 Aug 2026, 3:28PM EMS informs about newspaper publication13 Aug 2026, 3:55PM EMS - Quaterly Results13 Aug 2026, 12:00AM EMS informs about receipt of letter of Intent31 Jul 2026, 12:48PM EMS zooms on bagging LoI worth Rs 158.29 crore from Delhi Jal Board31 Jul 2026, 11:35AM EMS bags LoI worth Rs 158.29 crore from Delhi Jal Board31 Jul 2026, 11:28AM EMS gets LoA worth Rs 102.85 crore15 Jul 2026, 4:29PM EMS gets lowest bidder status for sewerage work from UP Jal Nigam 14 Jul 2026, 12:11PM EMS shines on emerging as L1 bidder for Rs 102.85 crore construction project in Varanasi8 Jun 2026, 10:21AM

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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 306.94 337.66 484.22 719.36 940.62
Total Expenditure 211.89 231.8 344.01 524.68 693.56
Operating Profit 95.04 105.86 140.21 194.69 247.06
Other Income 5.45 4.16 4.67 15.37 11.51
Interest 4.45 5.72 2.75 2.19 3.73
Depreciation 0.92 1.84 1.99 5.29 8.3
Exceptional Items 0 0 0 0 0
Profit Before Tax 95.12 102.45 140.14 202.59 246.53
Provision for Tax 25.3 27.29 36.95 52.63 64.26
Net Profit 69.82 75.16 103.19 149.96 182.27
Adjusted EPS (Rs.) 1.49 1.6 2.2 2.7 3.28

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 11.75 11.75 47 55.53 55.53
Total Reserves 290.01 364.71 432.79 729.25 905.53
Borrowings 0.64 1.73 0.33 1.05 10.45
Other N/C liabilities 6.72 8.69 13.03 6.72 10.13
Current liabilities 62.63 99.19 59.97 60.99 78.33
Total Liabilities 371.75 486.07 553.12 853.54 1059.97
Assets
Net Block 33.83 26.48 29.45 56.18 54.22
Capital WIP 0 0 3.68 0 0
Intangible WIP 0 0 0 0 0
Investments 3.69 10.18 10.24 19.17 26.43
Loans & Advances 0.07 41.36 3.78 25.44 23.81
Other N/C Assets 0 43.53 131.07 171.37 218.38
Current Assets 334.17 364.53 374.9 581.38 737.13
Total Assets 371.75 486.07 553.12 853.54 1059.97
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Other Income 2.2 4.33 2.39 2.79 2.07
Profit Before Tax 50.1 36.31 25.5 13.64 20.46
Tax 12.72 8.28 7.72 8.36 5.44
Profit After Tax 37.38 28.03 17.78 5.28 15.03
Adjusted EPS (Rs) 6.73 5.05 3.2 0.95 2.71

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 69.7 21.95
Mar 2026 69.7 21.95
Dec 2025 69.7 26.44
Sep 2025 69.7 14.58
Jun 2025 69.7 11.31
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 95.12 102.45 140.14 202.59 246.53
Adjustment 0.24 4.18 -0.45 -10.08 0.91
Changes in Assets & Liabilities -74.38 -88.61 -76.4 -222.95 -156.2
Tax Paid -0.28 -0.63 -40.16 -42.4 -60.79
Operating Cash Flow 20.7 17.4 23.14 -72.83 30.46
Investing Cash Flow -1.63 -5.72 -19.4 -81.96 23.06
Financing Cash Flow -19.24 -4.57 -4.15 156 2.4
Net Cash Flow -0.18 7.11 -0.41 1.21 55.92
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