GEM Enviro IPO Details: The IPO date for GEM Enviro has been set, with the offering opening on June 19 and closing on June 21. This BSE SME IPO aims to raise ₹44.93 crores, with a price band fixed at ₹71 to ₹75 per share, and a market lot of 1600 shares.
Founded in 2013, GEM Enviro Management Limited initially focused on trading plastic waste material and products made from recycled waste. The company has been dedicated to sustainable plastic waste management and environmental stewardship. It offers a comprehensive range of services including plastic waste collection and sorting, recycling and repurposing, waste trading, and environmental consultancy. The extensive industry experience and market knowledge of the company’s promoters have enabled them to secure favorable prices and terms in plastic waste trading transactions.
In 2016, the Ministry of Environment, Forest, and Climate Change introduced the Plastic Waste Management Rules, 2016, which require plastic waste generators to minimize waste production, avoid littering, ensure segregated waste storage at the source, and hand over segregated waste according to the rules. In line with this initiative, the Ministry issued detailed guidelines on Extended Producer Responsibility (EPR) for plastic packaging in February 2022. These guidelines provide a framework for the effective implementation of EPR, outlining the specific responsibilities and obligations of Producers, Importers, Brand Owners, Recyclers, Waste Processors, and other stakeholders.
GEM Enviro IPO Objectives:
The Net Proceeds are proposed to be used in the manner
- To Meet Working Capital Requirements
- General corporate purpose.
GEM Enviro IPO Review (Apply or Not)
- Apply
GEM Enviro IPO Date & Price Band Details:
| IPO Open: | June 19, 2024 |
| IPO Close: | June 21, 2024 |
| IPO Size: | Approx ₹44.93 Crores, 1,497,600 Equity Shares |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹71 to ₹75 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
GEM Enviro IPO Lot Size:
The minimum market lot for the GEM Enviro IPO is 1600 shares, requiring an application amount of ₹120,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹120,000 |
| Retail Maximum | 1 | 1600 | ₹120,000 |
| S-HNI Minimum | 2 | 3200 | ₹240,000 |
GEM Enviro IPO Timeline:
The GEM Enviro IPO will open on June 19 and close on June 21. The allotment date is set for June 24, with the IPO potentially listing on June 26.
| IPO Open Date: | June 19, 2024 |
| IPO Close Date: | June 21, 2024 |
| Basis of Allotment: | June 24, 2024 |
| Refunds: | June 25, 2024 |
| Credit to Demat Account: | June 25, 2024 |
| IPO Listing Date: | June 26, 2024 |
GEM Enviro IPO GMP Today:
The last Grey Market Premium (GMP) for GEM Enviro’s SME IPO is ₹50. With a price band capped at ₹75, the estimated listing price is ₹125 (cap price + today’s GMP). This implies an expected gain of 66.67% per share.
GEM Enviro Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹25.61 | ₹17.82 | ₹5.83 |
| 2022 | ₹32.91 | ₹22.94 | ₹7.45 |
| 2023 | ₹42.81 | ₹29.31 | ₹10.02 |
| Dec 2023 | ₹26.39 | ₹15.05 | ₹8.40 |
GEM Enviro IPO Valuation – FY2023
Check GEM Enviro IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.75 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 48.57% |
| Net Asset Value (NAV): | ₹11.45 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr Sachin Sharma
- Mrs Sangeeta Pareekh
- Mr Dinesh Pareekh
- Mr Sarthak Agarwal
- BLP Equity Research Private Limited
GEM Enviro IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
GEM Enviro IPO Allotment Status
Check GEM Enviro IPO allotment status on Skylinert website URL. Click Here
GEM Enviro IPO Lead Managers aka Merchant Bankers
- Share India Capital Services Private Limited
- Fintellectual Corporate Advisors Private Limited
Company Address
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 FAQs
1. What are the GEM Enviro IPO dates?
- The IPO opens on June 19 and closes on June 21, 2024.
2. What is the price band for the GEM Enviro IPO?
- The price band for the GEM Enviro IPO is set between ₹71 and ₹75 per share.
3. What is the minimum market lot for the GEM Enviro IPO?
- The minimum market lot is 1600 shares.
4. How much is the minimum application amount for the GEM Enviro IPO?
- The minimum application amount is ₹120,000.
5. When will the allotment of shares be announced?
- The share allotment date is scheduled for June 24, 2024.
6. When is the GEM Enviro IPO expected to list?
- The IPO is expected to list on June 26, 2024.
7. What is the Grey Market Premium (GMP) for the GEM Enviro IPO?
- As of June 17, 2024, 6:27 PM, the last GMP for the GEM Enviro IPO is ₹50.
8. What is the estimated listing price of the GEM Enviro IPO?
- Based on the current GMP, the estimated listing price is ₹125 per share (cap price of ₹75 + GMP of ₹50).
9. What is the expected percentage gain or loss per share?
- The expected percentage gain per share is approximately 66.67%.
10. What services does GEM Enviro Management Limited provide?
- GEM Enviro Management Limited offers services such as plastic waste collection and sorting, recycling and repurposing, waste trading, and environmental consultancy.
11. What is the history and background of GEM Enviro Management Limited?
- Established in 2013, GEM Enviro initially focused on trading plastic waste materials and products made from recycled waste. The company is committed to sustainable plastic waste management and environmental stewardship.
12. What are the Plastic Waste Management Rules, 2016?
- Introduced by the Ministry of Environment, Forest, and Climate Change, these rules mandate the minimization of plastic waste generation, proper littering and storage practices, and handing over segregated waste as per regulations.
13. What is Extended Producer Responsibility (EPR) for plastic packaging?
- Issued in February 2022, EPR guidelines establish a framework for effective plastic waste management, outlining specific responsibilities for Producers, Importers, Brand Owners, Recyclers, Waste Processors, and other stakeholders.
