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.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next