GEM Enviro Management IPO GMP Today

GEM Enviro Management Limited logo inside a circle, symbolizing the company's focus on recycling all types of packaging waste, including plastic. A clipart of a person dumping waste into a dustbin represents the company's waste management services. The text 'Initial Public Offering' highlights the upcoming IPO and its grey market premium.

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GEM Enviro Management Limited, established in February 2013, is a waste management company that specializes in recycling packaging waste particularly plastic. Their services include:

  1. Consulting and fulfillment services for EPR related to plastic waste.
  2. Collection and processing of industrial plastic waste.
  3. Sales and marketing of recycled products.
  4. ESG consulting and BRSR.

The company also runs awareness programs to educate people about proper plastic waste disposal and recycling. They generate revenue by selling recycled products to business customers, highlighting their environmental benefits and cost effectiveness.

In the fiscal year 2023-24, GEM started offering ESG consulting and BRSR services helping clients improve their sustainability practices through assessments, audits, stakeholder engagement and benchmarking.

GEM Enviro Management serves over 100 clients across various industries including F&B, FMCG, cement, fertilizers, packaging and consumer goods. Notable clients include Bengal Beverages Private Limited and Varun Beverages Limited.

GEM Enviro IPO Overview

GEM Enviro Management’s IPO aims to raise ₹44.93 crores in total. This includes a fresh issue worth ₹11.23 crores and an offer for sale amounting to ₹33.70 crores. The price band for IPO is set between ₹71 and ₹75 per share.

The IPO will be available for subscription from June 19, 2024, to June 21, 2024. The share allotment is anticipated to be completed by June 24, 2024, with the shares expected to be listed on the BSE SME segment by June 26, 2024. 

Mrs Sangeeta Pareekh,  Mr Sachin Sharma, Mr Dinesh Pareekh, BLP Equity Research Private Limited, Mr Sarthak Agarwal. currently hold 100% ownership. However, this ownership will be diluted to 73.44% after the IPO. Skyline Financial Services Private Ltd will act as the registrar for the IPO.

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        GEM Enviro IPO GMP

        Let’s look at how GEM Enviro IPO GMP has changed recently.

        As of 15 June 2024, GEM Enviro IPO has a Grey Market Premium or GMP of ₹40. With the upper price band set at ₹75, the estimated listing price is ₹115 (Upper price band + today’s GMP). This indicates an expected gain of 53.33% per share. 

        GMP has been a trending upword over the past four sessions suggesting a strong listing. Stay tuned with Trade Target for daily updates on GEM Enviro IPO GMP and expected listing price.

        • Date: 24 – June – 2024
        • GEM Enviro GMP: ₹72 (96%)

        • Date: 23 – June – 2024
        • GEM Enviro GMP: ₹72 (96%)
        • Date: 22 – June – 2024
        • GEM Enviro GMP: ₹72 (96%)
        • Date: 21 – June – 2024
        • GEM Enviro GMP: ₹72 (96%)
        • Date: 20 – June – 2024
        • GEM Enviro GMP: ₹71 (94.67%)
        • Date: 19 – June – 2024
        • GEM Enviro GMP: ₹71 (94.67%)
        • Date: 18 – June – 2024
        • GEM Enviro GMP: ₹62 (82.67%)
        • Date: 17 – June – 2024
        • GEM Enviro GMP: ₹53 (70.67%)
        • Date: 16 – June – 2024
        • GEM Enviro GMP: ₹40 (53.33%)
        • Date: 15 – June – 2024
        • GEM Enviro GMP: ₹40 (53.33%)
        • Date: 14 – June – 2024
        • GEM Enviro GMP: ₹40 (53.33%)
        • Date: 13 – June – 2024
        • GEM Enviro GMP: ₹40 (53.33%)
        • Date: 12 – June – 2024
        • GEM Enviro GMP: ₹25 (33.33%)

        How can one apply for GEM Enviro IPO?

        For retail investors minimum investment starts with 1 lot, comprising 1600 shares, at a cost of ₹120,000. The maximum limit for retail investors is 1 lot which totals 1600 shares and costs ₹120,000.

        For High Net worth Individuals (HNIs) minimum investment is set at 2 lots, translating to 3,200 shares and costing ₹240,000. 

        Application Lots Shares Amount
        Retail (Min)
        1
        1600
        ₹120,000
        Retail (Max)
        1
        1600
        ₹120,000
        S-HNI (Min)
        2
        3,200
        ₹240,000

        GEM Enviro IPO Financial

        GEM Enviro Management Limited has demonstrated steady financial growth over the past three years.  As of March 31, 2023, Profit After Tax (PAT) was ₹1,001.82 lakhs, up from ₹745.23 lakhs as of March 31, 2022, and ₹583.38 lakhs as of March 31, 2021.

        Period Ended 31 Mar 2023 31 Mar 2022 31 Mar 2021
        Assets  in (₹ Lakhs)
        3,574.93
        2,684.52
        1,895.51
        Revenue (₹ Lakhs)
        4,280.57
        3,291.48
        2,560.58
        PAT (₹ Lakhs)
        1,001.82
        745.23
        583.38

        GEM Enviro IPO Quota allocation

        • QIB Investors: 50% of the net issue
        • Retail Investors: 35% of the net issue
        • NII (HNI) Investors: 15% of the net issue

        Expected Listing Date for Enviro IPO 

        • Subscription Period: 19 June 2024 to 21 June 2024
        • Basis of Allotment Finalization: 24 June 2024
        • Initiation of Refunds: 25 June 2024
        • Demat Credits: 25 June 2024
        • Listing Date: 26 June 2024
        • Listing on: BSE SME
        Happy investing and thank you for reading!
        Disclaimer: This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
        Posted in IPO SME IPO

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