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GEM Enviro Management Limited IPO Detail

GEM Enviro Management Limited IPO Detail

Incorporated in February 2013, GEM Enviro Management Limited is a waste management company specialising in recycling all packaging waste, including plastic waste. The company's services can be divided into the following categories:

1. EPR consultancy and fulfilment for Plastic Waste

2. Collection and recycling of Industrial Plastic Waste

3. Sales and Marketing of recycled products

4. ESG Consulting and BRSR (Business Responsibility and Sustainability Reporting)

Through awareness programs, the company educates people about proper plastic waste disposal and recycling. It generates revenue from selling recycled products and markets these products to existing business customers, emphasizing their environmental benefits and cost-effectiveness.

In the fiscal year 2023-24, GEM began offering ESG consulting and BRSR services to clients. This encompasses comprehensive ESG consulting tailored to each client's needs, including assessing current ESG practices, identifying areas for improvement, and integrating sustainability into core business operations through thorough ESG audits, stakeholder engagement, materiality assessments, and benchmarking.

GEM Enviro Management has a diverse portfolio with over 100 clients across various industries, including F&B, FMCG, Cement, Fertilizers, Packaging, and Consumer Goods. Some prominent clients are Bengal Beverages Private Limited and Varun Beverages Limited.

As of June 2024, the company has 51 full-time employees.

Company Promoters

Mr Sachin Sharma, Mrs Sangeeta Pareekh, Mr Dinesh Pareekh, Mr Sarthak Agarwal, and BLP Equity Research Private Limited.

IPO Details

IPO Opening DateJun 19, 2024
IPO Closing DateJun 21, 2024
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price ₹71 - 75 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtBSE SME
Issue Size₹44.93 Cr
Fresh Issue₹11.23 Cr
Offer for Sale₹33.70 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 3.55x 0.00x 0.00x 8.48x 14.21x 9.93x
Day 2 3.60x 0.00x 0.00x 22.45x 47.29x 29.48x
Day 3 160.22x 0.00x 0.00x 462.89x 240.25x 265.13x

IPO Tentative Timetable

The GEM Enviro Management Limited IPO open date is Jun 19, 2024, and the close date is Jun 21, 2024. The issue may list on Jun 26, 2024.

IPO Open DateJun 19, 2024
IPO Close DateJun 21, 2024
Basis of Allotment DateJun 24, 2024
Initiation of RefundsJun 25, 2024
Credit of Shares to Demat AccountJun 25, 2024
IPO Listing DateJun 26, 2024

IPO Lot Size

The GEM Enviro Management Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120000).

ApplicationLotsSharesAmount (Cut-off)
Minimum11600₹120000
Maximum11600₹120000

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.44%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 1895.51 2560.58 583.38
31-Mar-22 2684.52 3291.48 745.23
31-Mar-23 3574.93 4280.57 1001.82
31-Dec-23 3994.75 2639.11 840.42

Objects of the Issue:

The Net Proceeds are proposed to be used in the manner 

  1. To Meet Working Capital Requirements
  2. General corporate purpose.

GEM Enviro Management Limited IPO Registrar:

Skyline Financial Services Private Ltd

GEM Enviro Management Limited IPO Lead Manager(s):

Share India Capital Services Private Limited Fintellectual Corporate Advisors Private Limited

Company Contact Information:

GEM Enviro Management Limited

Unit No.203, Plaza- P 3

Central Square, Bara

Hindu Rao, -New Delhi-110006