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:

Sheetal Universal Ltd IPO to open on Dec 4, 2023

Onest and Shiva Pharmachem gets Sebi nod for IPO

Kronox Lab Sciences Limited files DRHP for IPO

Indian Renewable Energy Development Agency IPO subscribed 39 times on Final Day

Gopal Snacks Limited files draft papers for a Rs 650 crore IPO

Indian Renewable Energy Development Agency IPO subscribed 4.56 times on Day 2

Rockingdeals IPO opens today, Anchor Book fully subscribed

Indian Renewable Energy Development Agency IPO fully subscribed on Day 1

Rockingdeals IPO price band announced at Rs. 136-Rs. 140 per share, issue opens on November 22

Indian Renewable Energy Development Agency Ltd's IPO to open on Tuesday, November 21, 2023

Mukka Proteins Limited gets Sebi Nod for IPO

Tata Technologies Ltd files RHP for IPO

ESAF Small Finance Bank Ltd's IPO to open on Friday, November 3, 2023, sets price band at ?57 to ?60 per Equity Share

Ludhiana-based Auto Component Maker Happy Forgings Limited receives Sebi nod to float its IPO

Equitas Small Finance Bank Ltd posts Q2 FY2024 PAT of Rs. 198.13 crores

Sona Comstar wins the prestigious Golden Peacock Award 2023 for Excellence in Corporate Governance

Kolkata-based GPT Healthcare refiles IPO papers with Sebi

IRM Energy Limited raises Rs 160.35 crores from anchor investors

Cello World Limited gets Sebi nod for its Rs 1750 crore IPO

ESAF Small Finance Bank gets Sebi nod for IPO

IRM Energy Limited's IPO to open on Wednesday, October 18, 2023

RBZ Jewellers gets Sebi nod for IPO

MUFTI Owner Credo Brands Marketing gets Sebi nod for IPO

Manappuram Finance promoted Asirvad Micro Finance Ltd files draft papers for a Rs 1500 crore IPO

Polymatech Electronics Ltd files DRHP with SEBI for IPO to raise up to Rs. 750 crore

Plaza Wires IPO receives 152 crore bids versus 95 lakh shares on offer, oversubscribed 161 times

Tata Technologies Limited files addendum to DRHP with SEBI

Plaza Wires IPO Subscribed over 62 times, Retail Book garners over Rs 1500 cr demand

Juniper Hotels files DRHP with SEBI for Rs 1800 crore IPO

Plaza Wires Ltd IPO oversubscribed 4.69 times on Day 1

Retail Investors make rush for JSW Infra IPO, subscribed 43% on Day 1

Rockingdeals Circular Economy Ltd files DRHP with NSE Emerge for IPO

Hi Green Carbon Ltd IPO opens for subscription

Yatra Online IPO subscribed 1.61 times on Final Day

SAMHI Hotels IPO subscribed 5.33 times on Final Day

JSW Infrastructure Ltd's IPO to open on Monday, September 25, 2023, sets price band at ?113 to ?119 per Equity Share

Manoj Vaibhav Gems 'N' Jewellers Ltd's IPO to open on Friday, September 22, 2023, sets the price band at ?204 to ?215 per Equity Share

Hi-Green Carbon IPO to open on 21st September; Announces a Price Band of Rs. 71-75 per equity share

Yatra Online Limited's IPO to open on Friday, September 15, 2023, sets price band at ?135 to ?142 per Equity Share

SAMHI Hotels Ltd's IPO to open on Thursday, September 14, 2023, sets price band at ?119 to ?126 per Equity Share

Indian Renewable Energy Development Agency files DRHP for IPO

Robust QIB demand for Jupiter Hospital IPO, Issue subscribed 64 times

EMS IPO raised 96.37 crore from various investors, including Morgan Stanley Asia PTE, and Bofa Securities

Jupiter Life Line Hospitals IPO subscribed 3.3 times on Day 2

EMS Limited is set to open its IPO tomorrow with a price range of Rs. 200-211 per equity share

Jupiter Life Line Hospitals IPO subscribed 87% on Day 1

Chavda Infra IPO price band announced, issue opens on 12 September

Basilic Fly Studio Limited NSE SME IPO garners subscription of 286.61 times

Stanley Lifestyles files for its IPO

SAMHI Hotels and Motisons Jewellers gets Sebi nod for IPO


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

disclaimer copyright © 2005 - 2020