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Posted 9/12/2023, 3:52:08 AM

EMS IPO Oversubscribed, Closing Today After Strong Retail Demand

EMS IPO opened last Friday, will close today. Retail response positive so far.
IPO oversubscribed on day 2. Fresh issue to fund working capital, general corporate purposes.
Company in sewerage solutions, water supply systems, waste treatment.
IPO comprises fresh issue of ₹146 cr, OFS of ₹175 cr.
Brokerages recommend 'Subscribe' citing strong order book, profitability.

livemint.com

Relevant topic timeline:

9/15/2023

IPO Market Heats Up as Big Names Like Arm and Instacart Plan Public Debuts

The recent surge in IPOs, including the listing of Arm, reflects growing market confidence and economic optimism.

9/15/2023

Marketing Automation Firm Klaviyo Raises IPO Price Range to $8B Valuation Amid High Investor Demand

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9/19/2023

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9/29/2023

Equity Markets See Uptick in Activity Despite Slow IPO Scene

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