EMS Limited, a company specializing in water supply, wastewater management, and treatment, made a remarkable entry into the stock market.
The company’s shares, listed on the National Stock Exchange (NSE) at Rs 282.05, saw an impressive start.
During the initial public offering (IPO), EMS shares were issued at Rs 211 per share.
This means that investors who participated in the EMS IPO gained a substantial profit of Rs 71.05 per share. The company’s shares were listed at a premium of 33.7 percent.
Strong Demand for EMS IPO
Investor interest in the EMS IPO was overwhelming, with subscriptions surpassing expectations.
The IPO was open for subscription from September 8th to September 12th, 2023. Remarkably, the EMS IPO was oversubscribed by a staggering 76.21 times.
Among the different categories of investors, the retail quota was subscribed 30.55 times, the Qualified Institutional Buyers (QIB) quota saw a remarkable 149.98 times subscription,
and the non-institutional investors’ quota reached 84.39 times.The total size of EMS Limited’s public issue amounted to Rs 321.24 crore.
Investment Options for Retail Investors
Retail investors had the opportunity to apply for a minimum of 1 lot and a maximum of 13 lots in the EMS Limited IPO.
Each lot contained 70 shares, meaning investors could invest a minimum of Rs 14,770 and a maximum of Rs 1,92,010 in the EMS Limited IPO.
Following the strong listing, EMS Limited’s shares are currently trading at Rs 275.40, showing a slight decline of 2.3% on the National Stock Exchange.
