EMS Ltd files drhp worth Rs 180 crore with SEBI.
Sewerage result provider EMS Ltd has filed primary papers with capital requests controller Sebi to raise finances through an original Public Offering (IPO). The IPO comprises a fresh issue of equity shares worth Rs 180 crore and an offer for the trade of 82.94 lakh shares by protagonist Ramveer Singh, Draft Red Herring Prospectus (DRHP) with the controller showed on Tuesday.
At present, Singh holds a 97.81 percent stake in the company. The company may consider a pre-IPO placement of over to Rs 60crore.However, the number of equity shares will be reduced from the issue, if similar placement is accepted. Proceeds from the fresh issue will be utilised towards backing working capital conditions and other general commercial purposes.
The company is engaged in the business of sewerage result provider, water force system, water and waste treatment shops, electrical transmission and distribution, road and confederated workshop, operation and conservation of waste-water scheme systems, and water force scheme systems for government authorities. Khambatta Securities Ltd is the sole book running lead director to the issue. The equity shares of the company will be listed on the BSE and NSE.
About EMS Limited
At EMS Ltd we’ve been looking after air conditioning, heating and process cooling systems for over 20 years. We keep employees cool, ensure IT systems don’t overheat and design and install systems that keep production going.
Who are EMS?
EMS, or Environmental Management & Services Ltd, are an HVAC contractor. We service, maintain, design, and install air conditioning, ventilation, heating and process cooling systems and have done so for over 20 years. We work directly with customers across the country specializing in the following sectors: Manufacturing, Pharmaceuticals, Higher Education and Healthcare amongst others. These sectors have business-critical equipment which requires:
- 24/7 Call out
- Long term approach to maintenance
- Strategic repair & replacement plans
- Quality service
- Bespoke design and installation services
EMS Ltd carries out HVAC design, installation and maintenance services to a wide range of clients across the country. We serve the South East, South West and South Wales as well as further afield.
We have our headquarters based in Hereford as well as a fully staffed office in Southampton and engineers across Wales, Bristol and Portsmouth who are ready to help you with your heating, air conditioning, ventilation and process cooling needs.
Whether you are based in Hereford or Portsmouth we ensure that our high level of service is maintained. We do this through dedicated project and account managers who will be in regular liaison with you ensuring that you are kept up to date with what’s happening with your equipment. All of our engineers are fully qualified and have remote access to your equipment information through tablets. For maintenance customers our contracts work around your needs and are tailor made to your business. If you have business critical equipment, we offer a 24/7 call out and repair service.