GEM Enviro IPO will open for subscription from 19 June 2024. The company aims for an issue size of ₹44.93 Cr through this IPO.
Company Overview
| Full name | GEM Enviro Management Limited |
| Sector | Others |
| Industry | Environmental Services |
| Company Website | https://gemrecycling.com/ |
About Company
Founded in 2013, GEM Enviro Management specializes in the collection and recycling of various types of packaging waste, with a particular focus on plastic waste. Over time, the company expanded its services to include implementing Plastic Extended Producer Responsibility Programs for different organizations, which has now become its primary business vertical.
In the fiscal year 2022-2023, revenue from the collection and recycling of industrial plastic waste accounted for 17.42%, while sales and marketing of recycled products contributed 0.18% to the total revenue.
GEM Enviro Management provides the following services:
- EPR consultancy and fulfilment for Plastic Waste
- Collection and recycling of Industrial Plastic Waste
- Sales and Marketing of recycled products
- ESG Consulting and BRSR (Business Responsibility and Sustainability Reporting)
With a diverse portfolio of over 100 clients, GEM Enviro Management has built strong relationships across various industries, including Food and Beverages (F&B), Fast-Moving Consumer Goods (FMCG), cement, fertilizers, packaging, consumer goods, and more. Some of GEM’s prominent clients include Bengal Beverages Private Limited (a bottler for THE COCA-COLA COMPANY) and Varun Beverages Limited.
The Objectives of the Issue
- To Meet Working Capital Requirements
- General corporate purpose.
GEM Enviro IPO Timetable
| IPO Opening date | 19 June 2024 |
| IPO Closing | 21 June 2024 |
| Basis of Allotment | 24 June 2024 |
| Initiation Refund | 25 June 2024 |
| Credit to Demat Account | 25 June 2024 |
| Listing Date | 26 June 2024 |
GEM Enviro IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹44.93 Cr – 5,990,400 shares |
| Fresh Issue | ₹11.23 Cr – 1,497,600 shares |
| Offer for sale | ₹33.70 Cr – 4,492,800 shares |
| Face value | ₹05 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 342,400 shares |
| Shareholding pre-issue | 21,052,800 |
| Shareholding post-issue | 22,550,400 |
| Listing Exchange | BSE SME |
GEM Enviro IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
GEM Enviro IPO Documents
GEM Enviro IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,692,800 (28.26%) |
| Market Maker Shares Offered | 342,400 (5.72%) |
| QIB Shares Offered | 1,129,600 (18.86%) |
| NII (HNI) Shares Offered | 848,000 (14.16%) |
| Retail Shares Offered | 1,977,600 (33.01%) |
| Total Shares Offered | 5,990,400 (100%) |
GEM Enviro Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 25.51 | 32.80 | 42.53 | 26.21 |
| Expenses | 17.82 | 22.94 | 29.31 | 15.05 |
| Net income | 5.83 | 7.45 | 10.02 | 8.40 |
GEM Enviro Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.76 | 3.53 | 4.75 |
| PE ratio | – | – | – |
| RONW (%) | 83.23 | 54.62 | 48.57 |
| NAV | 4.82 | 8.14 | 11.45 |
| ROCE (%) | 76.58 | 58.15 | 55.98 |
| EBITDA (%) | 31.35 | 30.24 | 31.21 |
| Debt/Equity | 0.00 | 0.00 | – |
Company Promoters
- Mr Sachin Sharma
- Mrs. Sangeeta Pareekh
- Mr Dinesh Pareekh
- Mr Sarthak Agarwal
- BLP Equity Research Private Limited.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.44% |
GEM Enviro Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 25 June 2024 | 73 | – | 84,000 |
| 24 June 2024 | 73 | – | 84,000 |
| 22 June 2024 | 73 | – | 84,000 |
| 21 June 2024 | 71 | – | 81,000 |
| 20 June 2024 | 65 | – | 79,500 |
| 19 June 2024 | 61 | – | 75,000 |
| 18 June 2024 | 40 | – | 46,500 |
| 17 June 2024 | 39 | – | 46,600 |
| 15 June 2024 | 37 | – | 42,700 |
| 14 June 2024 | 35 | – | 39,000 |
| 13 June 2024 | 25 | – | 31,500 |
GEM Enviro IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 11,29,600 | 8,48,000 | 19,77,600 | 39,55,200 |
| 21 Jun 2024 | 160.22 | 330.03 | 240.25 | 244.09 |
| 20 Jun 2024 | 3.60 | 16.29 | 47.39 | 27.27 |
| 19 Jun 2024 | 3.55 | 6.04 | 14.21 | 9.14 |
GEM Enviro IPO Allotment Status
GEM Enviro IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
GEM Enviro Listing Details
| Listing Date | 26 June 2024 |
| BSE Scrip Code | 544199 |
| NSE Symbol | – |
| ISIN | INE0RUJ01013 |
| Final Issue Price | ₹75 per share |
GEM Enviro Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | ₹75.00 |
| Open | ₹142.50 |
| Low | ₹142.50 |
| High | ₹149.62 |
| Last Trade | ₹149.62 |
Lead Manager(s)
- Share India Capital Services Private Limited
- Fintellectual Corporate Advisors Private Limited
GEM Enviro Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020, India
Phone: 011-40450193-97
Email: ipo@skylinerta.com
Website: www.skylinerta.com
GEM Enviro IPO Contact Details
GEM ENVIRO MANAGEMENT LIMITED
Unit No.203, Plaza- P 3, Central Square,
Bara Hindu Rao, Delhi 110006, India
Phone: 011-49068377
E-mail: info@gemrecycling.com
Website: www.gemrecycling.com
GEM Enviro IPO FAQs
What is the GEM Enviro offer size?
GEM Enviro offer size is INR 42.53 – 44.93 crores.
What is the GEM Enviro offer price band?
GEM Enviro public offer price is ₹ 71 – 75 per share.
What is the lot size of the GEM Enviro Offer?
GEM Enviro offer a lot size is 1,600 shares.
What is GEM Enviro Offer GMP today?
GEM Enviro IPO GMP today is ₹ 73 per share.
What is the GEM Enviro kostak rate today?
GEM Enviro kostak rate today is ₹ NA per application.
What is GEM Enviro Subject to the Sauda rate today?
GEM Enviro is Subject to the Sauda rate today is ₹ 84,000 per application.
Final thoughts
GEM Enviro IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
