EMS, a company offering water and sewage infrastructure solutions, debuted on the exchanges with a 33.6% premium over the issue price. The IPO received a strong response from investors with an overall subscription of 75.29 times. The proceeds from the IPO will be used to fund working capital requirements and other corporate purposes. The company has executed 67 projects and has an order book of Rs 1,775 crore.
Market Trading Guide: Tata Steel and Uno Minda are stock recommendations for Monday
Indian benchmark indices ended in the red on Thursday dragged by auto, IT and metal bank stocks. While Nifty closed at 22,397.20, down by 73.30