EMS has debuted at Rs 281.55 on the BSE, up by 70.55 points or 33.44% from its issue price of Rs 211.
The scrip is currently trading at Rs 279.45, up by 68.45 points or 32.44% from its issue price. It has touched a high and low of Rs 288.70 and Rs 268.60 respectively. So far 11.10 lakh shares were traded on the counter.
The offering, which was open for subscription between September 8, 2023 and September 12, 2023 was subscribed 75.28 times. The issue price was fixed at Rs 211 per share i.e. at upper end of price band of Rs 200-211 apiece.
EMS is engaged in the business of sewerage solution provider, water supply system, water and waste treatment plants, electrical transmission and distribution, road and allied works, operation and maintenance of waste- water scheme projects, and water supply scheme projects for government authorities.
