EMS Limited IPO is set to hit Street on Friday: Check important details here

EMS Limited — a water and wastewater collection, treatment, and disposal services company — is set to launch an initial public offer (IPO) open on Friday (September 8). The  EMS IPO is subscribed 6.54 times.

Here are some important things about the upcoming EMS Limited IPO:

Important dates

The subscription for the EMS Limited IPO will open on Friday (September 8) and close on Tuesday (September 12). The basic allotment will be done next Friday (September 15) and the initial refund will be credited on September 18.

EMS Limited IPO shares will be credited to subscribers' demat accounts on September 20. EMS Limited's stock is likely to be listed on BSE and NSE on September 21.
   

Issue price  

EMS Limited's IPO is a book built issue. The IPO's total issue size is Rs 321.24 crore. The IPO's price band is Rs 200–211 per share. The lot size of this IPO is 70, and the minimum investment required is Rs 14,770 on the higher price band.

Fund utilisation

The company intends to utilise the net proceeds from the IPO issue towards the funding of the following objects:

• Funding of the working capital requirements of the company
• General corporate purposes

About EMS Limited IPO

EMS Limited, previously known as EMS Infracon, is engaged in the business of providing water and wastewater collection, treatment, and disposal services.

The company provides sewerage solutions, water supply systems, water and waste treatment plants, electrical transmission and distribution, road and allied works, and operation and maintenance of Wastewater Scheme Projects (WWSPs) and Water Supply Scheme Projects (WSSPs) for government authorities.