EMS Shares Listing Today: Experts Predict Stellar Debut Of EMS Shares, Know What GMP Suggests

EMS shares are expected to make a stock market debut on the Indian stock market i..e Thursday. The initial public offering (IPO) of water and sewage infra player EMS received a stellar response from investors with an overall subscription of 75.29 times. One reason for the overwhelming support received by EMS IPO from investors was its reasonable price. One should note that the company had set an EMS IPO price band between Rs 200 to Rs 211. The company raised Rs 321.24 crore through a public issue that opened for subscription on September 8. The public issue closed for subscription on September 12.

EMS IPO listing time

EMS shares are expected to debut on D-Street in today's special pre-open session, while the share price of the company will become available for trade from 10:00 AM on Thursday session.

Market experts believe that the EMS share price can likely open at around 40% premium. However, the performance of the company's shares on the first day of listing will depend highly on the overall sentiments prevailing in the Indian stock market sentiments during morning deals. In a bull's case, the listing price of an EMS IPO can be expected around Rs 315 to Rs 325 per share, while in a bearish situation, an EMS IPO listing price could be around Rs 285 to Rs 295 per share.

EMS IPO GMP today

According to market observers tracking GMP, EMS shares are available at a premium of Rs 90 in the grey market today. This suggests EMS IPO grey market premium (GMP) today is Rs 90. Thus, the GMP indicates that EMS IPO listing price can be expected at around Rs 301 ( Rs 211 + Rs 90), up 42% from the EMS IPO price band of Rs 200 to Rs 211 per equity share.

On Wednesday, the company's shares carried a premium of Rs 82 in the unlisted market.
It is to be noted that GMP is just an indicator as to how the company's shares are stacked up in the unlisted market, however, it is not an accurate metric to determine the listing status of shares on Indian bourses.

EMS Limited is a water and wastewater management company that primarily focuses on government projects. The company reported a consolidated revenue of Rs 543.28 crore in FY23 and a net profit of Rs 108.67 crore. Its PAT margins stood at 20.18% in FY23 and 21.97% in FY22.