EMS Limited IPO

EMS Infracon Limited

₹14,000 /70 sharesMinimum Investment

EMS Limited IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹211.00₹281.00₹70.00 (33.18%)

EMS Limited IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
8 Sep ‘23 - 12 Sep ‘23₹14,00070₹200 - ₹211
Issue SizeIPO Doc
321.24Cr
RHP PDF

Subscription Status As on 12 Sep '23, 5:00 PM

  • Qualified Institutional Buyers
    153.02x
  • Non-Institutional Investor
    82.32x
  • Retail Individual Investor
    29.78x
  • Employees
    0.00x
  • Total
    75.28x

About EMS Limited

Incorporated in 2010, EMS Limited provides comprehensive solutions for sewerage, water supply systems, water and waste treatment facilities, electrical transmission and distribution, road construction, and related projects. They excel in operating and maintaining wastewater scheme projects (WWSPs) and water supply scheme projects (WSSPs) for government entities. In addition to its independent project execution capabilities, the company actively engages in joint ventures with other infrastructure and construction companies to jointly participate in project bidding and execution. When a joint venture bid is successful, the company partners with their chosen firm, leveraging the combined technical expertise and qualifications to complete the project.;
Parent Organisation
EMS Infracon Limited
Founded
2010
Managing Director
Mr. Ashish Tomar

Strengths & Risks

  • EMS Limited specializes in designing solutions for complex projects. These include process description, process calculations, hydraulic calculations, design codes and standards, master drawing schedule, drainage design, STP facilities layout, process flow diagram, hydraulic flow diagram, mass balance diagram, process & instrumentation diagram, tentative single line diagram, and electrical load list.
  • Their dedicated team of 61 engineers handles these tasks in-house, reducing the need for external consultants.
  • Since its inception, the company has successfully completed 67 projects as of July 31, 2023. These projects range from 4 to 24 MLD for STPs, 9 MLD for CETPs, 80 MLD for WTP, and 41 MLD for Common Feeder.
  • As of July 31, 2023, the company is operating and maintaining 18 projects, including WWSPs, WSSPs, STPs, and HAM, aggregating Rs. 1744.92 crore, and 5 O&M projects, aggregating Rs. 99.28 crore.
  • The treatment processes implemented by the company's STPs and CETPs adhere to India's Ministry of Environment, Forest, and Climate Change norms. The treated water is suitable for various purposes, including horticulture, washing, refrigeration, and other industrial processes.
  • Most of their projects receive funding from the World Bank through local state government bodies.
  • The company initially started with 4 MLD projects and has since expanded its capacity to handle STPs with a maximum capacity of 60 MLD under Minimal Liquid Discharge.
  • Currently, the company manages five projects under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and one project under the Namami Gange Programme.
  • EMS Limited relies on government projects, particularly environmental and water treatment-related projects, for most of its revenue. Any alterations in these policies could adversely affect the company's business, especially if there are delays in government clearances.
  • Many of the company's agreements in connection with its business include penalties or liquidated damage clauses, especially when the project completion is delayed.
  • The company has experienced negative cash flows from financing and investing activities.
  • The company secures projects through competitive bidding processes overseen by government authorities. Failure to qualify for, compete in, or win future projects may negatively impact the company's business.
  • The company has been blacklisted by two government bodies in the past.
  • The company primarily bids for Water and Waste Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) funded by the World Bank through Central and State Governments, generating revenue from awarded contracts. A reduction in budgetary allocations to this sector could affect the number of planned government projects, directly impacting the company's business.
  • The company, its promoters/director, and group companies are involved in legal proceedings.
  • The company faces contingent liabilities that, if realized, could impact its financial condition.
  • Actual project execution costs for WWTPs and WSSPs may deviate significantly from bid or estimate assumptions.
  • The company's business is heavily concentrated in four states: Rajasthan, Uttar Pradesh, Bihar, and Uttarakhand. Various factors associated with these states can affect the company's operations.
  • The company has availed Rs. 39.56 lakhs in unsecured loans that are repayable on demand.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular200 - 211₹2 Lakh
High Networth Individual200 - 211₹2 - 5 Lakh
For EMS Limited IPO, eligible investors can apply as Regular.
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