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 Date | Jun 19, 2024 |
IPO Closing Date | Jun 21, 2024 |
Issue Type | Book Built Issue IPO |
Face Value | ₹5 per equity share |
IPO Price | ₹71 - 75 per equity share |
Market Lot | 1600 Shares |
Min Order Quantity | 1600 Shares |
Listing At | BSE 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 Date | Jun 19, 2024 |
IPO Close Date | Jun 21, 2024 |
Basis of Allotment Date | Jun 24, 2024 |
Initiation of Refunds | Jun 25, 2024 |
Credit of Shares to Demat Account | Jun 25, 2024 |
IPO Listing Date | Jun 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 1600 | ₹120000 |
Maximum | 1 | 1600 | ₹120000 |
IPO Promoter Holding
Pre Issue Share Holding | 100% |
Post Issue Share Holding | 73.44% |
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
- To Meet Working Capital Requirements
- 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