EMS IPO: The listing date for EMS Limited’s initial public offering (IPO) has been set for September 21, 2023. According to the information available on the BSE website, “…the shares of EMS LIMITED sold will be listed in the list of ‘B’ securities group and admitted to trading on the stock exchange from Thursday, September 21, 2023.”
Date and time of EMS listing
Therefore, EMS shares will debut in a special pre-open session on Dalal Street during Thursday trading and EMS share price would be available for trading from 10:00 am on Thursday session.
According to stock market experts, the price for EMS’s IPO was reasonable and the issue received a strong response from all investor groups. They said the EMS share price could open at a premium of around 40 percent. However, a lot will depend on the Indian stock market sentiment during the morning trades. They said that in the case of the bulls, a listing price for EMS’s IPO can be expected ₹315 tons ₹325 each, while in the case of the bears, the listing price for EMS’s IPO could be around around ₹285 tons ₹295 levels each.
Experts predict strong stock market growth
Commenting on the price prediction for EMS’s IPO, Prashanth Tapse, Senior Vice President – Research, Mehta Equities said, “Given the robust demand from all investor groups and subdued market scenario, all investors are eagerly waiting for EMS’s IPO and we expect a strong IPO.” the range 40-42 percent of the issue price of ₹211 each.
Prashanth Tapse added that the premium listing is justified on reasonable EMS IPO valuations with a healthy revenue visibility of 3.2 times FY23 revenue followed by a strong industry outlook that provides scope for better-than-expected listing gains .
When asked about EMS’s likely stock market price, Arun Kejriwal, founder, Kejriwal Research and Investment Services, said: “A lot will depend on the market sentiment during the morning trades. In the event of a strong opening, the EMS share price could be around ₹315 per share while in case of a weak opening on Dalal Street, the EMS IPO listing price is expected to be at a level of around 295 per share.”
Echoing the views of Arun Kejriwal, Ravi Singhal, CEO, GCL Broking, said, “Comparing EMS with its nearest competitor VA Tech Wabag, the PB and PE ratio of both companies is almost the same in other EMS. The RoNW is much higher for other EMS. In this case, EMS shares could list ₹285, whereas in the case of bulls the problem could be around 100% ₹325 levels each.
EMS IPO GMP today
According to market watchers, shares of EMS Limited are available at a premium of ₹90 in the gray market today, which means the gray market premium (GMP) of the EMS IPO today is ₹90. So the gray market assumes that the price of EMS’s IPO will be around 50% ₹301 ( ₹211+ ₹90), which is almost 42 percent above the EMS IPO price range ₹200 tonnes ₹211 per share.
Disclaimer: The views and recommendations expressed above are those of individual analysts or brokerage firms and not of Mint. We recommend that investors consult certified experts before making an investment decision.
subjects
Comments are closed.