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.
Carraro India turning the corner, offers an entry point
The company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation and amortisation (Ebitda margin) compared with peers.
December 23, 2024