EMS Limited IPO day 3: Last day to subscribe the IPO

12 Sep 2023 , 12:17 PM

The EMS IPO commenced its subscription period on Friday, September 8, and is scheduled to conclude today, September 12. This IPO has witnessed robust demand across all segments of investors. Notably, by the end of day 2, the subscription rate had soared to 14.99 times the initial offering. You can access the subscription link here.

Specifically, non-institutional investors displayed immense interest, subscribing at an astonishing rate of 45.14 times. Meanwhile, Retail Individual Investors (RIIs) showed substantial enthusiasm, with their subscription rate reaching 21.74 times. Qualified Institutional Buyers (QIBs) also participated actively, subscribing 2.65 times by 12:00 PM.

The response to the share sale has been remarkable, with bids pouring in for 23,46,49,660 shares, significantly surpassing the 1,07,87,431 shares available for subscription, as per data from the National Stock Exchange (NSE).

Investors have the opportunity to acquire shares within the price range of Rs 200-211 per share.

EMS specializes in water and sewerage infrastructure solutions, encompassing the construction of sewerage networks and water treatment facilities. The company’s operations span multiple states, including Uttar Pradesh, Bihar, Uttarakhand, and Rajasthan.