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GEM Enviro Management IPO is a book build issue of ₹44.93 crores. The issue is a combination of fresh issue of 0.15 crore shares aggregating to ₹11.23 crores and offer for sale of 0.45 crore shares aggregating to ₹33.70 crores.
GEM Enviro Management IPO bidding started from Jun 19, 2024 and ended on Jun 21, 2024. The allotment for GEM Enviro Management IPO was finalized on Jun 24, 2024. The shares got listed on BSE SME on Jun 26, 2024.
GEM Enviro Management IPO price band is set at ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,13,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Share India Capital Services Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Share India Securities Ltd..
Refer to GEM Enviro Management IPO RHP for detailed Information.
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | June 26, 2024 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹71 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 59,90,400 shares (aggregating up to ₹44.93 Cr) |
| Reserved for Market Maker | 3,42,400 shares Share India Securities Ltd. (aggregating up to ₹2.57 Cr) |
| Fresh Issue (Ex Market Maker) | 11,55,200 shares (aggregating up to ₹8.66 Cr) |
| Offer for Sale | 44,92,800 shares of ₹5 (aggregating up to ₹33.70 Cr) |
| Net Offered to Public | 56,48,000 shares (aggregating up to ₹42.36 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,10,52,800 shares |
| Share Holding Post Issue | 2,25,50,400 shares |
GEM Enviro IPO offers total 59,90,400 shares. Out of which 28,22,400 (47.12%) allocated to QIB, 11,29,600 (18.86%) allocated to QIB, 8,48,000 (14.16%) allocated to NII, 19,77,600 (33.01%) allocated to RII and 16,92,800 (28.26%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,42,400 (5.72%) |
| QIB Shares Offered | 28,22,400 (47.12%) |
| − Anchor Investor Shares Offered | 16,92,800 (28.26%) |
| − QIB (Ex. Anchor) Shares Offered | 11,29,600 (18.86%) |
| NII (HNI) Shares Offered | 8,48,000 (14.16%) |
| Retail Shares Offered | 19,77,600 (33.01%) |
| Total Shares Offered | 59,90,400 (100.00%) |
GEM Enviro Management IPO raises ₹12.70 crore from anchor investors. GEM Enviro Management IPO Anchor bid date is June 18, 2024. GEM Enviro Management IPO Anchor Investors list
| Bid Date | June 18, 2024 |
| Shares Offered | 16,92,800 |
| Anchor Portion Size (In Cr.) | 12.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 22, 2024 |
GEM Enviro Management IPO opens on June 19, 2024, and closes on June 21, 2024.
| IPO Open Date | Wed, Jun 19, 2024 |
| IPO Close Date | Fri, Jun 21, 2024 |
| Tentative Allotment | Mon, Jun 24, 2024 |
| Initiation of Refunds | Tue, Jun 25, 2024 |
| Credit of Shares to Demat | Tue, Jun 25, 2024 |
| Tentative Listing Date | Wed, Jun 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 21, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,994.75 | 3,574.93 | 2,684.52 | 1,895.51 |
| Total Income | 2,639.11 | 4,280.57 | 3,291.48 | 2,560.58 |
| Profit After Tax | 840.42 | 1,001.82 | 745.23 | 583.38 |
| Net Worth | 3,103.32 | 2,411.51 | 1,713.57 | 1,015.14 |
| Reserves and Surplus | 2,050.68 | 2,380.55 | 1,677.57 | 979.14 |
| Total Borrowing | 2.00 | 2.00 | ||
| Amount in ₹ Lakhs | ||||
The market capitalization of GEM Enviro Management IPO is ₹169.13 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 30.48% |
| ROCE | 36.55% |
| RoNW | 30.48% |
| PAT Margin | 31.84% |
| Price to Book Value | 5.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.76 | 4.97 |
| P/E (x) | 15.76 | 15.09 |
The Net Proceeds are proposed to be used in the manner
[Dilip Davda] Though the company is engaged in plastic waste management (PWM) segment which is highly fragmented one, its more than decade experience and long term relations with the renowned customers is attributed to its performance so far. Annualized FY24 earnings the issue appears fully priced, but it indicates the likely trends in coming years with rising contribution of the company in PWM segment. Investors may park funds for the medium to long term rewards in this dividend paying company. Read detail review...
| Listing Date | June 26, 2024 |
| BSE Script Code | 544199 |
| NSE Symbol | |
| ISIN | INE0RUJ01013 |
| Final Issue Price | ₹75 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹142.50 |
| Low | ₹142.50 |
| High | ₹149.62 |
| Last Trade | ₹149.62 |
GEM Enviro Management Ltd.
Unit No.203, Plaza- P 3
Central Square, Bara
Hindu Rao, -New Delhi-110006
Delhi, New Delhi
Phone: 011-49068377
Email: vijay.sharma@gemrecycling.com
Website: http://www.gemrecycling.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
GEM Enviro Management IPO is a SME IPO of 59,90,400 equity shares of the face value of ₹5 aggregating up to ₹44.93 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on June 19, 2024, and closes on June 21, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in GEM Enviro Management IPO using UPI as a payment gateway. Zerodha customers can apply in GEM Enviro Management IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GEM Enviro Management IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GEM Enviro Management IPO opens on June 19, 2024 and closes on June 21, 2024.
GEM Enviro Management IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in GEM Enviro Management IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for GEM Enviro Management IPO will be done on Monday, June 24, 2024, and the allotted shares will be credited to your demat account by Tuesday, June 25, 2024. Check the GEM Enviro Management IPO allotment status.
The GEM Enviro Management IPO listing date is on Wednesday, June 26, 2024.
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