GEM Enviro Management Limited SME IPO

Issue Size (Net)
up to ₹ 44.93 Cr

Price Band
₹ 71.00 to 75.00 per share

Issue Opens
Jun 19, 2024

Issue Closes
June 21, 2024

1. Company Information

GEM Enviro Management Limited (“GEM”) was established in 2013 to collect and recycle all types of packaging waste, including plastic waste. Subsequently, the company diversified into implementing Extended Producer Responsibility programmes for various organisations (to meet their obligations under the PWM Rules 2016 and its amendments), which has become the company’s largest line of business.

The company offers the following services:

  1. EPR consultancy and plastic waste compliance
  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)

The company is involved in the trade of plastic waste and the sale of goods made from recycled waste. The company is committed to the sustainable management of plastic waste and environmental protection and offers its customers a range of services, including the collection and sorting of plastic waste, recycling and reuse, waste trading and environmental consulting.

GEM Enviro SME IPO Strengths

  • Depth understanding of regulatory landscape for EPR.
  • EPR requirements of other sectors.
  • Emerging player in plastic EPR and has strong brand recall.
  • Relationship with the stakeholders (recyclers and waste aggregators) in the plastic and other EPR
  • value chain.

 

GEM Enviro SME IPO Objective

The Net Proceeds are proposed to be used in the manner 

  1. To Meet Working Capital Requirements
  2. General corporate purpose.

 

GEM Enviro Management Limited Financial Information (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,994.753,574.932,684.521,895.51
Revenue2,639.114,280.573,291.482,560.58
Profit After Tax840.421,001.82745.23583.38
Net Worth3,103.322,411.511,713.571,015.14
Reserves and Surplus2,050.682,380.551,677.57979.14
Total Borrowing2.002.00
Amount in ₹ Lakhs

GEM Enviro Management Limited Day-wise IPO GMP Trend

GMP DateIPO PriceGMP MovementEstimated Listing PriceLast Updated
26-06-2024 Listing75.00₹72 – No Change₹147 (96%)26-Jun-2024 10:30
25-06-202475.00₹72 – No Change₹147 (96%)25-Jun-2024 12:02
24-06-2024 Allotment75.00₹72 – No Change₹147 (96%)24-Jun-2024 10:32
23-06-202475.00₹72 – No Change₹147 (96%)24-Jun-2024 0:26
22-06-202475.00₹72 – No Change₹147 (96%)23-Jun-2024 0:30
21-06-2024 Close75.00₹72 – Up₹147 (96%)22-Jun-2024 0:23
20-06-202475.00₹71 – No Change₹146 (94.67%)20-Jun-2024 11:25
19-06-2024 Open75.00₹71 – Up₹146 (94.67%)19-Jun-2024 10:53
18-06-202475.00₹62 – Up₹137 (82.67%)18-Jun-2024 10:24
17-06-202475.00₹53 – Up₹128 (70.67%)17-Jun-2024 10:29
16-06-202475.00₹40 – No Change₹115 (53.33%)17-Jun-2024 0:32
15-06-202475.00₹40 – No Change₹115 (53.33%)15-Jun-2024 10:01
14-06-202475.00₹40 – No Change₹115 (53.33%)14-Jun-2024 11:23
13-06-202475.00₹40 – Up₹115 (53.33%)14-Jun-2024 0:27
12-06-202475.00₹25 – Up₹100 (33.33%)13-Jun-2024 0:27
11-06-202475.00₹0 – No Change₹75 (0%)12-Jun-2024 0:27
10-06-2024₹0 – No Change₹ (0%)10-Jun-2024 13:32
 

GEM Enviro Management Limited SME IPO Details

SME IPO Issue Opening Date:June 19, 2024
SME IPO Issue Closing Date:June 21, 2024
SME IPO Issue Price:₹71.00-75.00 Per Share
Face Value₹5 Per Equity Share
Lot Size1600 Shares
Issue Size₹44.93 Cr
Fresh Issue₹11.23 Cr
Issue TypeBook Build Issue
IPO Listing At:BSE SME

GEM Enviro Management Limited SME IPO Timeline (Tentative Schedule)

EventTentative Date
Opening Date19th Jun 2024
Closing Date21st Jun 2024
Basis of Allotment24th Jun 2024
Initiation of Refunds25th Jun 2024
Credit of Shares to Demat25th Jun 2024
Listing Date26th Jun 2024

Prospectus File

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