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
EMS IPO GMP today or grey market premium is ₹120 per share, lower than the previous trading session, according to topsharebrokers.com.
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
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.