EMS IPO Listing Highlights: Strong Debut - EMS lists at 34% premium over issue price
EMS IPO Listing Date Today, EMS Share Price: EMS shares will debut on Dalal Street in a special pre-open session and will be available for trade from 10:00 AM onwards.
EMS IPO Listing Date Today, EMS Share Price: Shares of EMS Limited made a strong debut on the stock markets on September 21, 2023. Its shares list at a price of Rs 281.55, around 34 per cent higher than its IPO price of Rs 211, on the Bombay Stock Exchange (BSE). According to experts, this is a very good listing in a weak market.
However, the strong listing performance of EMS is a slightly softer debut than anticipated.
Earlier, the initial public offer (IPO) of EMS Limited received a strong response as it got subscribed 75.28 times. The company is into water and wastewater management and focuses mainly on government projects.
EMS Limited IPO listing Highlights:
Latest Updates
EMS IPO Listing Live: EMS raised Rs 321.24 crore
IPO of EMS was available for subscription from September 8 to September 12 and the company raised Rs 321.24 crore from the primary markets by offering shares within a fixed price range of Rs 200-211 per share. Investors had the option to bid for a minimum of 70 shares and in multiples thereafter.
EMS IPO Listing Live: Expert's view
According to Anubhuti Mishra, Equity Research Analyst at Swastika Investmart Ltd, this is a very good listing and the company's strong fundamentals and good subscription levels were positive factors in this.
EMS IPO Listing LIVE: Lists at Rs 281.55 on BSE
EMS IPO Listing LIVE: Lists at Rs 284.35
EMS Limited listed at Rs 284.35, up 34.76 per cent over its issue price of Rs 211, on the National Stock Exchange.
EMS IPO Listing LIVE: Lists at 34% premium over issue price
EMS Limited got listed at around Rs 280, up 33 per cent over its issue price of Rs 211, on the NSE
EMS IPO Listing LIVE: Expected to list at Rs 282.05 on NSE
EMS IPO Listing LIVE: Expected to list at Rs 281.55
The share price of EMS Limited has settled at Rs 281.55, a premium of 33.44 per cent, on the Bombay Stock Exchange (BSE).
EMS IPO Listing LIVE: Kfin Technologies Limited
Kfin Technologies Limited is the registrar of EMS Limited IPO. Also, HDFC Bank Limited and Axis Bank Limited are the sponsor banks.
EMS IPO Listing LIVE: Anil Singhvi's view on Sai Silks IPO
Meanwhile, Zee Business Managing Editor Anil Singhvi suggests investors to avoid this IPO. WATCH
EMS IPO Listing LIVE: Raised Rs 96.37 crore from anchor investors
EMS Ltd on Thursday said it has raised Rs 96.37 crore from anchor investors. Proceeds from the fresh issue will be used to fund working capital requirements and for other general corporate purposes.
EMS IPO Listing LIVE: What does the company do?
The company offers water and sewerage infra solutions, including laying the sewerage network to build treatment plants in Uttar Pradesh, Bihar, Uttarakhand and Rajasthan.
EMS IPO Listing LIVE: Anil Singhvi suggests stop loss
Zee Business Managing Editor Anil Singhvi had advised people to subscribe to the EMS IPO for big listing gains. He has now suggested short short-term investors keep a stop loss of Rs 275.
EMS IPO Listing LIVE: Anil Singhvi predicts strong listing
According to Zee Business Managing Editor Anil Singhvi, the EMS IPO is expected to have a strong debut on bourses. Singhvi predicted that it would list at around Rs 300 against the issue price of Rs 211.
EMS IPO Listing LIVE: Issue price Rs 211
EMS IPO had a fresh issue of up to Rs 146.24 crore and an offer-for-sale (OFS) of up to 82,94,118 equity shares. The price range for the offer was Rs 200-211 per share.
EMS IPO Listing LIVE: Heavy participation from institutional buyers
The IPO of EMS Ltd got got good response with heavy participation from institutional buyers. The share sale received bids for 81,21,02,970 shares against 1,07,87,431 shares on offer, according to NSE data.
EMS IPO Listing LIVE: IPO subscribed 75.28 times
The Initial Public Offering (IPO) of EMS Ltd was subscribed 75.28 times on the final day of subscription. The last day for the subscription of the IPO of the water and sewerage infra player was on Tuesday.
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