EMS IPO: The initial public offering (IPO) of EMs Limited opened for subscription on 8th September 2023 and it will remain open for bidding till 12th September 2023. Waste water management service provider company has fixed EMS IPO price band at ₹200 to ₹211 per equity share and it aims to raise ₹321.24 crore from this initial offer. As per the EMS IPO subscription status, the public issue got fully subscribed on day one of bidding.
As per the market observers, grey market is also showing bullish sentiments in regard to the public offer. They said that shares of EMS Limited are available at a premium of ₹125 in grey market today. According to market observers, EMS IPO grey market premium (GMP) today is ₹125, which is ₹25 lower from the opening premium of the public issue in unlisted stock market.
They said that public issue has received strong response from the subscribers that augurs well for the public issue. They said that secondary market sentiment is also positive and hence grey market is expected to remain strong in regard to EMS IPO. As per the EMS IPO subscription status available on BSE website, the public issue has been subscribed 3.77 times whereas its retail portion has been subscribed 4.82 times.
Its NII portion has been filled 6 times while its QIB portion got subscribed 0.09 times after day one of bidding. EMS IPO will remain open for bidders till 12th September 2023. EMS IPO allotment date is most likely on 25th September 2023.
KFin Technologies has been appointed as official registrar of the public issue. The public issue is proposed for listing on BSE and NSE and expected EMS IPO listing date is 21st September 2023. Giving 'subscribe' tag to EMS IPO, Ventura said, ""One notable aspect of their business
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