Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

IPO bound EMS Ltd. to ride on govt's rising water infra investments

Posted On: 2023-08-22 17:36:32 (Time Zone: IST)


With Central Government aggressively pushing Prime Minister's Water Vision@2047, IPO-bound sewerage solution provider EMS Ltd is eyeing a larger market share in government-funded water and waste-water treatment turnkey projects in tier II and tier III cities regions in the country.

Ghaziabad-headquartered company has completed over 67 projects in the last 12 years. It has executed various government projects supported by international funding agencies, such as World Bank. Most of its projects have been executed across states of Bihar, Uttarakhand, Madhya Pradesh, Rajasthan and Haryana.

"In the past seven years, both the Central and UP Governments have intensified focus on water conservation, treatment and supply - leading to a flurry of projects announced", said Ashish Tomar, Managing Director of EMS Ltd. Being a homegrown player with valuable experience in the sector, we at EMS Ltd have capitalised upon the opportunities - emerging as a growth ready player in an otherwise cluttered segment.

"India has only 4% of the world's water resources and 16% of the global population. Its per capita availability of usable freshwater accounts for ~1,123 cubic metres, as against the current global average of 3,000 cubic metres. PM's Water Vision @ 2047 is a step towards the right direction, translating into a host of business opportunities for companies such as us", added Ashish.

Incorporated in December 21, 2010, EMS provides various services, ranging from EPC and O&M in sewerage solutions, water supply systems, and wastewater schemes for government authorities and local bodies. The company executes all World Bank-funded projects through governments and regional bodies where the funds are already allocated, thereby keeping its balance sheet healthy.

The Jal Shakti Ministry, with a $51 billion budget, aims to increase household water connection coverage from 18.33% to 100% by 2024, attracting water-related suppliers. This ambitious project is creating opportunities for suppliers of water meters, water quality monitoring systems, water management-related IT systems, tertiary treatment technology, and water-related Engineering, Procurement, and construction companies.

The National Mission for Clean Ganga, the Jal Jeevan Mission, and Community Drinking Water Schemes are just a few of the initiatives that the government is expected to support further. This will result in a larger order pipeline for local and national businesses operating in these specialised sectors."

Vineet Arora, MD of NAV Capital, a Singapore-based fund, agreed with Tomar's assertions, saying that the Indian government at the Centre has led the water conservation and cleanliness narratives, drawn higher participation, and spent from the private and public sectors. Given the complexities involved with such projects, the once-regional players are capitalising on the opportunity to expand their national growth ambitions. Many such companies will be looking at an orbital shift in value creation.

In March 2023 EMS Ltd. filed draft papers with SEBI to raise funds through an initial public offering. The IPO includes a fresh issue of equity shares worth Rs 180 crore and an offer for the sale of 82.94 lakh shares by promoter Ramveer Singh. At present, Singh holds a 97.81 per cent stake in the company. As per DRHP, the company may consider a pre-IPO placement of up to Rs 60 crore; if such a placement takes place, the number of equity shares will be reduced from the issue. Proceeds from the fresh issue will fund working capital requirements and other general corporate purposes. The company has already received SEBI's approval to proceed with this initial public offering.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Afcons Infrastructure Ltd's IPO to open on Friday, October 25, 2024, price band set at ₹440/- to ₹463/- per Equity Share

Senores Pharmaceuticals gets Sebi nod for IPO

Telangana-based Standard Glass Lining Technology Limited gets Sebi nod for IPO

Dr. Agarwal's Health Care files DRHP for IPO

Icon Facilitators Limited files DRHP with BSE SME

Casagrand Premier Builder Limited files DRHP for Rs 1,100 crore IPO

Manba Finance Limited raises Rs. 45.25 crore from Anchor Investors

NTPC Green Energy Ltd files DRHP for IPO

Influx Healthtech Limited Files DRHP with NSE Emerge

Gala Precision Engineering IPO subscribed 201.41 times on Final Day, the most since the start of FY25

Identical Brains Studios Limited files DRHP with NSE Emerge

Gala Precision Engineering Ltd's IPO to open on Monday, September 02, 2024, price band set at ?503/- to ?529/- per Equity Share

Sanstar Limited IPO subscribed 82.98 times on Final Day

Sanstar Ltd's IPO to open on Friday, July 19, 2024, price band set at ?90/- to ?95/- per Equity Share

Three M Paper Boards Ltd's SME IPO to open on Friday, July 12, 2024

Virtual Galaxy Infotech attracts marquee investors, raises Rs 21.44 Crore ahead of IPO Launch

IT Solutions provider Orient Technologies gets Sebi nod for IPO

Accel and Flipkart-backed Zinka Logistics Solutions Limited files DRHP for IPO

Sleepwear-focused company S D Retail Limited files DRHP for SME IPO

ACME Solar Holdings Limited files DRHP for Rs 3,000 crore IPO

Nephro Care India Makes History - First SME IPO to Surpass Rs. 20,000 Crore in bids

Gala Precision Engineering gets Sebi nod for IPO

Noida-based Interarch Building Products Limited gets SEBI nod for IPO

Shivalik Engineering Industries Limited files DRHP for IPO

Niva Bupa files for Rs 3,000Cr IPO

Sagility India Limited files DRHP for IPO

Ambey Laboratories Ltd IPO to open for subscription on July 4, 2024

Nephro Care India Limited IPO opened today, Anchor Book fully subscribed

Allied Blenders & Distillers IPO subscribed 23.49 times on Final Day

Allied Blenders & Distillers IPO fully subscribed on Day 2

Allied Blenders & Distillers IPO subscribed 51% on Day 1

Stanley Lifestyles IPO subscribed 95.75 times on Final Day

Deepak Parekh-backed Nephro Care India Limited's IPO opens on Friday, June 28

Allied Blenders & Distillers Limited raises Rs. 449.1 crore from Anchor Investors

Stanley Lifestyles IPO subscribed 5.22 times on Day 2

Mason Infratech Limited IPO Opens on June 24, 2024

Stanley Lifestyles IPO fully subscribed on Day 1 led by strong retail, NII demand

Stanley Lifestyles Limited raises Rs. 161.10 crore from Anchor Investors

Allied Blenders & Distillers Ltd's IPO to open on Tuesday, June 25, 2024

GEM Enviro Management Limited IPO Opens on June 19, 2024

Stanley Lifestyles Limited's IPO to open on Friday, June 21, 2024

Bajaj Housing Finance Ltd files DRHP for IPO

Bajaj Housing Finance Limited to raise funds through IPO

Kronox Lab Sciences IPO subscribed 117.25 times on Final Day

Kronox Lab Sciences IPO fully subscribed in less than half an hour of opening

Kronox Lab Sciences Limited raises Rs. 39.04 crore from Anchor Investors

Sattrix Information Security Limited SME IPO to open on June 5, price band set at ?121 per share

Kronox Lab Sciences Ltd's Initial Public Offering to open on Friday June 3, 2024

Aimtron Electronics Limited's SME IPO to open on Thursday, May 30, 2024

Garuda Construction and Engineering refiles DRHP for IPO


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020