EMS IPO: Issue subscribed over 23 times on day 3 so far; retail portion booked 22.6x

livemint.com:

IPO Subscription Status: EMS IPO was subscribed 23.02 times on day 3 so far. EMS IPO opened for subscription on Friday, September 8, and will close today (Tuesday, September 12). EMS IPO received positive response from non-institutional investors (NIIS) and retail investors on day 3.

Qualified institutional buyers (QIBs) portion saw decent response. EMS IPO's retail investors portion was subscribed 22.64 times, NII portion was subscribed 50.04 times, and QIBs portion was subscribed 2.74 times. EMS IPO has received bids for 24,89,95,880 shares against 1,07,87,431 shares on offer, at 12:30 IST, according to data from the BSE.

EMS IPO retail investors' portion received bids for 12,36,85,030 shares against 54,62,142 shares on offer for this segment. EMS IPO's non-institutional investors' portion received bids for 11,71,32,610 shares against 23,40,918 on offer for this segment. EMS IPO's QIBs portion received bids for 81,78,240 shares against 29,84,371 on offer for this segment.

EMS IPO was subscribed 15.05 times on day 2, and on day 1 EMS IPO was subscribed 3.77 times. Also Read: EMS IPO: Issue subscribed over 15 times on day 2; NII, retail portion fully booked EMS IPO is made up of fresh issue comprises of shares worth ₹146.24 crore and offer for sale (OFS) portion consists of 82,94,118 shares of ₹10, which aggregates to ₹175 crore sold by promoter selling shareholder Ramveer Singh. EMS IPO total issue size is ₹321.24 crores.