GEM Enviro IPO Date, Allotment, Details, Review

GEM Enviro IPO Date: GEM Enviro Management Limited IPO opens for subscription on June 19, 2024, and closes on June 21, 2024. The allotment for the GEM Enviro IPO is expected on June 24, 2024. GEM Enviro IPO going to be listed on BSE SME with a tentative listing date fixed as June 26, 2024.

GEM Enviro IPO is a fresh issue of 14.97 lakh shares and OFS is 44.93 Lakh shares.

To apply, retail investors must purchase at least [.] shares, requiring an investment of at least ₹[.]. For High Net Worth Individuals (HNIs), the minimum investment is 2 lots, totalling [.] shares, amounting to ₹[.].

Source – GEM Enviro IPO RHP

GEM Enviro IPO Details

Open Date	June 19, 2024
Close Date	June 21, 2024
IPO Size	32.76 Lakh Shares (aggregating up to ₹30.79 Cr)
Fresh Issue	3276000 Shares of ₹10 Face Value
Face Value	₹10 per share
IPO Price Band	₹[.] to ₹[.] Per Share
IPO Listing on	NSE SME
Lot Size	[.] Shares
OFS	N.A.
Share Offered to Retail	35% of the total issue share
Share Offered to QBI	50% of the total issue share
Share Offered to HNI	15% of the total issue share

GEM Enviro IPO Dates

Event	Date
IPO Open Date	June 19, 2024
IPO Close Date	June 21, 2024
Allotment	June 24, 2024
Refunds	June 25, 2024
Shares Credit to Demat	June 25, 2024
Listing Date	June 26, 2024

GEM Enviro IPO Lot Size

Applicants	Lots	Shares	Amount
Retail (Min)	1	–	₹[.]
Retail (Max)	1	–	₹[.]
HNI (Min)	2	–	₹[.]

GEM Enviro IPO GMP Today

The Grey Market Premium (GMP) for GEM Enviro NSE SME IPO has commenced from the first session. We’ll be providing daily updates on the GMP and additional details.
Stay tuned to stay informed about the daily performance of the GEM Enviro IPO’s Gray Market Premioum and the expected listing price. See IPO GMP Live >>

GEM Enviro IPO Subscription Status

For updates on the subscription status of the GEM Enviro IPO, kindly navigate to our “IPO Subscription Status” section in the menu or click the given link. The subscription window for the GEM Enviro IPO opens on June 19, 2024.

GEM Enviro IPO Allotment Status

You can check the allotment status for the GEM Enviro IPO by following these steps. First, click the link Link – ” IPO Allotment Status” Then, select the IPO Name from the options. After that, enter either your Application Number or PAN Number. The allotment can be checked on June 24, 2024.

Know About Company

GEM Enviro Management Limited, founded in February 2013, specializes in waste management, particularly recycling packaging waste like plastic. They offer services in:

Helping businesses with Extended Producer Responsibility (EPR) for Plastic Waste.
Collecting and recycling Industrial Plastic Waste.
Selling and promoting recycled products.
Providing Environmental, Social, and Governance (ESG) consulting and Business Responsibility and Sustainability Reporting (BRSR).

They educate people about proper plastic waste disposal and recycling through awareness programs. Revenue comes from selling recycled products, which they market to business customers, highlighting their environmental benefits and cost-effectiveness.

Promoters Holding

The company’s promoters include Mr. Sachin Sharma, Mrs. Sangeeta Pareekh, Mr. Dinesh Pareekh, Mr. Sarthak Agarwal, and BLP Equity Research Private Limited.

Before the issue of shares, the shareholding was 100%. After the issue, the shareholding stands at 73.44%.

Objects of the Issue IPO

The funds will be used for:

To Meet Working Capital Requirements
General corporate purpose.

GEM Enviro Management Limited Financial Report (Restated)

Here’s a table summarizing the financial data for the periods ended on 31 Dec 2023, 31 Mar 2023, 31 Mar 2022, and 31 Mar 2021:

Period Ended	Assets (in Lakh)	Revenue (in Lakh)	Profit After Tax (in Lakh)	Net Worth (in Lakh)	Reserves and Surplus (in Lakh)	Total Borrowing (in Lakh)
31 Dec 2023	3,994.75	2,639.11	840.42	3,103.32	2,050.68
31 Mar 2023	3,574.93	4,280.57	1,001.82	2,411.51	2,380.55
31 Mar 2022	2,684.52	3,291.48	745.23	1,713.57	1,677.57	2.00
31 Mar 2021	1,895.51	2,560.58	583.38	1,015.14	979.14	2.00

KPI Of GEM Enviro Management Limited

Here’s the data for December 31, 2023, presented in a table:

Particulars	Amount (₹ lakhs)
Revenue from operations	2,620.94
EBITDA	1,120.29
EBITDA (%) Margin	42.74%
ROCE (%)	36.55%
Current Ratio	4.42
Operating Cash flow	272.53
PAT	840.42
ROE/ RONW (%)	30.48%
EPS (before considering bonus)	₹3.99

Peer Group

GEM Enviro IPO Registrar

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
Address: D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020, India
Tel. No.: 011-40450193-97,
Fax No.: NA
Contact Person: Mr. Anuj Rana
Email Id: ipo@skylinerta.com
Website: www.skylinerta.com

GEM Enviro IPO Book Running Lead Manager

SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED
FINTELLECTUAL CORPORATE ADVISORS PRIVATE LIMITED

GEM Enviro Management Limited Contact

GEM Enviro Management Limited
Unit No.203, Plaza- P 3
Central Square, Bara
Hindu Rao, -New Delhi-110006
Phone: 011-49068377
Email: vijay.sharma@gemrecycling.com
Website: http://www.gemrecycling.com/

GEM Enviro IPO Application Form PDF

To download the GEM Enviro IPO application form click on Application Form Download ASBA IPO Forms PDF.

Review

Update Soon

FAQs

What is the opening and closing date of the GEM Enviro IPO?

The GEM Enviro IPO opens for subscription on June 19, 2024, and closes on June 21, 2024.

When is the allotment expected for the GEM Enviro IPO?

The allotment for the GEM Enviro IPO is expected on June 24, 2024.

What is the tentative listing date for the GEM Enviro IPO?

GEM Enviro IPO is expected to be listed on BSE SME with a tentative listing date fixed as June 26, 2024.

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iPO GMP Today Desk

Rajesh, with 5 years in the stock market, holds a degree in Finance and Management from the University of Kalyani. He simplifies complex financial concepts, offering clear insights to readers, blending expertise with a passion for easy-to-understand analysis.