EMS Limited is into Engineering EPC Contractor and is looking raise funds through Fresh Issue & Offer for Sale
EMS Limited IPO: EMS Limited has filed Draft Red Herring Prospectus (DRHP) for proposed initial public offer (IPO) and raise funds through an offer of equity share capital having face value of Rs. 10 per share via initial public offering.
Initial Public Offer comprising of a Fresh Issue aggregating up to Rs. 180 crores and an Offer for Sale up to 82,94,118 Equity Shares.. Khambatta Securities have been appointed as lead merchant bankers for the proposed IPO. It has appointed KFin Technologies Ltd. as Registrar and Share transfer Agent. Company is yet to finalize issue size and some other important details relating to the IPO.
Details about upcoming IPO:
As per the details available in DRHP, fundraising will consist of an Fresh Issue aggregating Rs. 180 Crs and offer-for-sale (OFS) of up to 8,294,118 equity shares by Ramveer Singh (Promoter) who is offloading up to 82,94,118 Equity shares...
Objects of the issue:
1) Funding of Working Capital requirements , and 2) General corporate purpose.
About Company:
EMS Limited established in 2010 is into Engineering, Procurement and Construction (EPC) in Infrastructure development related segments. It is Sewerage solution provider, Water Supply System, Water and Waste Treatment Plants, Electrical Transmission and Distribution, Road and Allied works, operation and maintenance of Wastewater Scheme Projects (WWSPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies. Company bids for tenders issued by CPWD, State Governments and Urban Local Bodies (“ULBs”) for developing WWSPs and WSSPs on EPC or HAM basis. It has a in-house team of 57 engineers for designing, engineering and construction. As on Feb'23, operating 13 projects & 5 O&M projects spread across more than five states.
About Industry:
Roads and Highway Industry Overview: With a total 63.72 lakh kilometres (kms) of road network, India ranks second in the world after USA. This road network supports movement of 60% of freight traffic in the country and 87% of the total India’s passenger traffic.
Construction Sector: The construction sector contributed around 8% to the national GVA (at constant price) in FY22. Increase in Infrastructure demand & Government initiatives shows the potential for catapulting India to the third largest construction market globally.
Water and Wastewater Industry: It is expected that by 2050, about 1450 km3 of water will be required out of which approx. 75% will be used in agriculture, ~7% for drinking water, ~4% in industries, ~9% for energy generation. According to the by Central Pollution Control Board (CPCB), the estimated wastewater generation was almost 39,600 million litres per day (MLD) in rural regions, while in urban regions it was estimated to be 72,368 MLD for the year 2020-21. The estimated volume is double in the urban cities is almost double than that of the rural regions because of the availability of more water for sanitation which has increased standard of the living.
Source: SEBI, BSE, NSE, DRHP, EMS Limited, Industry Data
Disclaimer: Above article only publishes details about the IPO for educational purpose and doesn't solicit or invite any interest to invest. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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