EMS Limited IPO
Water & Sewage EPC / Infrastructure - Listed on 21 September 2023
EMS Limited IPO listing summary
EMS Limited (Water & Sewage EPC / Infrastructure) closed its IPO window in 2023 and listed on NSE and BSE on 21 September 2023 at an upper band issue price of Rs 211, opening at Rs 282 for a listing gain of +33.6% and closing day one at Rs 279.9 (+32.7% on closing basis). The IPO was subscribed 75.26x overall - QIB 153.02x, HNI/NII 82.32x, Retail 29.75x. The total issue size was Rs 321.25 Cr (Fresh Issue Rs 146.24 Cr, OFS Rs 175.01 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
EMS Limited IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 100 | +47.39% |
| Day 2 | Rs 120 | +56.87% |
| Day 3 | Rs 125 | +59.24% |
| Day 4 | Rs 125 | +59.24% |
| Day 5 | Rs 120 | +56.87% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the EMS Limited IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
EMS Limited IPO - FAQs
What was the listing gain of EMS Limited IPO?
EMS Limited IPO listed at +33.6% versus the upper issue price of Rs 211 on 21 September 2023.
How many times was EMS Limited IPO subscribed?
EMS Limited IPO was subscribed 75.26x overall. QIB portion was subscribed 153.02x, HNI / NII 82.32x and Retail 29.75x.
What was the IPO GMP for EMS Limited?
IPO GMP started at Rs 100 on Day 1 and moved to Rs 120 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.