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EMS IPO subscribed 3.74 times; NIIs bid highest on first day of issue


EMS IPO Subscription Status: The initial public offering (IPO) of water treatment and waste water management company EMS opened on Friday, September 8, and has been subscribed 3.74 times, receiving positive response from all categories of investors. The public issue will remain open for bidding till Tuesday, September 12 2023. The book build issue aims to raise 321.24 crore from the issue. Earlier today, the issue was fully subscribed within few hours of opening of the bidding process.

EMS IPO Subscription Status

EMS IPO has been subscribed 3.78 times so far on day 1 as the issue received bids for 4,03,01,520 shares as against 1,07,87,431 shares on the offer, till 5:00 pm.

The issue has been subscribed 4.77 times in the Retail Investors’ category and 5.98 times in Non-Institutional Investors (NII) category. The Qualified Institutional Buyers’ (QIB) portion has been booked 0.09 times on day 1, as per data available on BSE.


EMS IPO GMP today or grey market premium is 120 per share, lower than the previous trading session, according to

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of EMS is 331 apiece, which is 56.87 per cent higher than the IPO price of 200- 2per share.


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Updated: 08 Sep 2023, 05:51 PM IST

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.