Bookbuilding IPO | ₹45 Cr | Listed at BSE SME | Wed, Jun 19, 2024 - Fri, Jun 21, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jun 19, 2024
IPO Close
Fri, Jun 21, 2024
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹169.13 Cr
| IPO Date | 19 to 21 Jun, 2024 |
| Listed on | Wed, Jun 26, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹71 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 59,90,400 shares (agg. up to ₹45 Cr) |
| Reserved for Market Maker | 3,42,400 shares Share India Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 11,55,200 shares (agg. up to ₹9 Cr) |
| Offer for Sale | 44,92,800 shares of ₹5 (agg. up to ₹34 Cr) |
| Net Offered to Public | 56,48,000 shares (agg. up to ₹42 Cr) |
| Share Holding Pre Issue | 2,10,52,800 shares |
| Share Holding Post Issue | 2,25,50,400 shares |
| BSE Script Code | 544199 |
| ISIN | INE0RUJ01013 |
GEM Enviro Management IPO comprises a total issue size of 59,90,400 shares. The net offer to the public is 56,48,000 shares, after excluding 3,42,400 shares allotted on a firm basis. Of the Net offer 28,22,400 (49.97%) are allocated to QIB, 8,48,000 (15.01%) allocated to NII 19,77,600 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,22,400 | 49.97% | 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 | 15.01% | 14.16% |
| Retail Shares Offered | 19,77,600 | 35.01% | 33.01% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,42,400 | 5.72% | |
| Total Shares Offered | 59,90,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
GEM Enviro Management IPO raises ₹12.70 crore from anchor investors. GEM Enviro Management IPO Anchor bid date is June 18, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jun 18, 2024 |
| Shares Offered | 16,92,800 |
| Anchor Portion (₹ Cr.) | 12.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jul 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Sep 22, 2024 |
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 39.95 | 35.75 | 26.85 | 18.96 |
| Total Income | 26.39 | 42.81 | 32.91 | 25.61 |
| Profit After Tax | 8.40 | 10.02 | 7.45 | 5.83 |
| NET Worth | 31.03 | 24.12 | 17.14 | 10.15 |
| Reserves and Surplus | 20.51 | 23.81 | 16.78 | 9.79 |
| Total Borrowing | 0.02 | 0.02 | ||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 7.00 |
| 2 | General corporate purposes | 2.78 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 30.48% |
| ROCE | 36.55% |
| RoNW | 30.48% |
| PAT Margin | 31.84% |
| Price to Book Value | 5.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.76 | 4.97 |
| P/E (x) | 15.76 | 15.09 |
| Promoter Holding | 100.00% | 73.44% |
| Market Cap | ₹169.13 Cr. |
The GEM Enviro IPO is subscribed 265.13 times on June 21, 2024 6:19:06 PM (Day 3). The public issue subscribed 240.25 times in the retail category, 160.22 times in the QIB category, and 462.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 160.22 | 11,29,600 | 18,09,82,400 |
| NII* | 462.89 | 8,48,000 | 39,25,31,200 |
| Retail | 240.25 | 19,77,600 | 47,51,28,000 |
| Total | 265.13 | 39,55,200 | 1,04,86,41,600 |
Total Application : 3,17,929
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.60 |
| 2 | Fees payable to RTA, Auditor & Legal Advisors | 0.06 |
| 3 | Fees Payable to for Advertising, Marketing Exp., and Printing Expenses | 0.08 |
| 4 | Fee Payable to regulators including stock exchange and depositories and other intermediaries | 0.07 |
| 5 | Fees payable to Market Maker (for 3 Year) | 0.09 |
| 6 | Others (Fees payable for marketing and distributing expenses selling commissions, brokerage, processing fee, underwriting fees and miscellaneous expneses) | 2.21 |
| 7 | Escrow Bank Fees | 0.05 |
| 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 IPO is a SME IPO of 59,90,400 equity shares of the face value of ₹5 aggregating up to ₹45 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Jun 19, 2024, and closes on Fri, Jun 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 Wed, Jun 19, 2024 and closes on Fri, Jun 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 Tue, Jun 25, 2024. Check the GEM Enviro Management IPO allotment status.
The GEM Enviro Management IPO listing date is on Wed, Jun 26, 2024.
