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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:
- Consulting and fulfillment services for EPR related to plastic waste.
- Collection and processing of industrial plastic waste.
- Sales and marketing of recycled products.
- 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.
GEM Enviro IPO GMP
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
