EMS Ltd IPO

EMS Limited was originally incorporated as `EMS Infracon Private Limited' a private limited company under the Companies Act, 1956 at Delhi, pursuant to a certificate of incorporation dated December 21, 2010 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter on June 30, 2012, the Company took over the business of partnership firm, M/s Satish Kumar. Thereafter, name of the Company was changed from `EMS Infracon Private Limited' to `EMS Private Limited', pursuant to a special resolution passed by the shareholders of the Company on September 30, 2022 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Delhi (RoC) on October 26, 2022. Subsequently, the Company was converted from private to public company, pursuant to a special resolution passed by the shareholders of the Company on October 27, 2022 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Delhi (RoC) on November 25, 2022.

India is the world's second most populous country with 1.38 billion people. Out of this, 65% of the population lives in rural area and 35% are connected to the urban centers according to United Nation (2019). The metropolitan cities of the country are seeing major expansion as a result of economic expansions and reforms. This expansion in urban population is unsustainable without efficient planning of cities and provision of utility services especially clean and affordable water. Water allocation in cities are usually done from common pool with multiple sectoral demand. It is expected that by 2050, about 1450 km3 of water will be required out of which approx. 75% will be used in agriculture, ~7% for drinking water, ~4% in industries, ~9% for energy generation. However, because of growing urbanization, the need for drinking water will take precedence from the rural water requirements. Many of the cities are situated by the bank of rivers from where the fresh water is consumed by the population and the waste water is disposed back into the river, thus contamination of the water source and irrigation water. This has raised serious challenges for urban wastewater management, planning and treatment. According to the by Central Pollution Control Board (CPCB), the estimated wastewater generation was almost 39,600 million litres per day (MLD) in rural regions, while in urban regions it was estimated to be 72,368 MLD for the year 2020-21. The estimated volume is double in the urban cities is almost double than that of the rural regions because of the availability of more water for sanitation which has increased standard of the living. The construction industry in a country is an important indicator of its development. Broadly, the construction sector can be classified into infrastructure, real estate and industrial construction. Wherein, infrastructure can further be spread across different sectors such as roads and highways, telecom, airports, ports, power, oil and gas and railways. The construction sector contributed around 8% to the national GVA (at constant price) in FY22. Increase in Infrastructure demand & Government initiatives shows the potential for catapulting India to the third largest construction market globally. e

EMS Limited is in the business of Sewerage solution provider, Water Supply System, Water and Waste Treatment Plants, Electrical Transmission and Distribution, Road and Allied works, operation and maintenance of Wastewater Scheme Projects (WWSPs) and Water Supply Scheme Projects (WSSPs) for government authorities/bodies. WWSPs include Sewage Treatment Plants (STPs) along with Sewage Network Schemes and Common Effluent Treatment Plants (CETPs) and WSSPs include Water Treatment Plants (WTPs) along with pumping stations and laying of pipelines for supply of water (collectively, Projects). The treatment process installed at STPs and CETPs is compliant with Ministry of Environment, Forest and Climate Change of India norms and the treated water can be used for horticulture, washing, refrigeration and other process industries. The Company bids for tenders issued by CPWD (Central Public Work Department), State Governments and Urban Local Bodies (ULBs) for developing WWSPs and WSSPs on EPC or HAM (Hybrid Annuity Model) basis. 100% revenue of the Company are generated through Government tenders/work/ projects only.