EMS IPO: Check price band, GMP, other key things to know as issue opens tomorrow
EMS IPO: EMS IPO Dates: The public issue will open for subscription on September 8, Friday, and will close on September 12, Tuesday. EMS IPO Details: The total EMS IPO size is ₹321.24 crore comprising a fresh issue of equity shares worth ₹146 crore and an offer for sale (OFS) of 82.94 lakh shares. EMS IPO Selling Shareholders: The company’s promoter and founder Ramveer Singh will sell 82.94 lakh shares in the OFS.
Singh holds 97.81% stake in the company. Also Read: Rishabh Instruments IPO: What GMP signals after announcement of allotment status EMS IPO Price Band: The company has fixed the IPO price band at ₹200-211 per share. EMS IPO Lot Size: The lot size of EMS IPO is 70 shares.
The minimum investment amount required for retail shareholders is ₹14,770. EMS IPO Share Reservation: The company has reserved about 50% of the offer for qualified institutional buyers, 15% for non-institutional investors and 35% is reserved for retail investors. EMS IPO Objective: EMS Ltd intends to utilize the net proceeds from the fresh issue for funding working capital requirements and general corporate purposes.
EMS IPO Lead Manager, Registrar: Khambatta Securities is the sole book running lead manager for EMS IPO, while KFin Technologies is the IPO registrar. EMS IPO Listing Date and Timeline: The basis of allotment of shares will be finalised on September 15 and the company will initiate refunds on September 18, while the shares will be credited to the demat account of allottees on September 20. EMS shares are expected to be listed on September 21, Thursday, on both the stock exchanges BSE and NSE.
Read more on livemint.com
