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:
- EPR consultancy and plastic waste compliance
- Collection and recycling of industrial plastic waste
- Sales and marketing of recycled products
- 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
- To Meet Working Capital Requirements
- General corporate purpose.
GEM Enviro Management Limited Financial Information (Restated Consolidated)
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 3,994.75 | 3,574.93 | 2,684.52 | 1,895.51 |
Revenue | 2,639.11 | 4,280.57 | 3,291.48 | 2,560.58 |
Profit After Tax | 840.42 | 1,001.82 | 745.23 | 583.38 |
Net Worth | 3,103.32 | 2,411.51 | 1,713.57 | 1,015.14 |
Reserves and Surplus | 2,050.68 | 2,380.55 | 1,677.57 | 979.14 |
Total Borrowing | 2.00 | 2.00 | ||
Amount in ₹ Lakhs |
GEM Enviro Management Limited Day-wise IPO GMP Trend
GMP Date | IPO Price | GMP Movement | Estimated Listing Price | Last Updated |
---|---|---|---|---|
26-06-2024 Listing | 75.00 | ₹72 – No Change | ₹147 (96%) | 26-Jun-2024 10:30 |
25-06-2024 | 75.00 | ₹72 – No Change | ₹147 (96%) | 25-Jun-2024 12:02 |
24-06-2024 Allotment | 75.00 | ₹72 – No Change | ₹147 (96%) | 24-Jun-2024 10:32 |
23-06-2024 | 75.00 | ₹72 – No Change | ₹147 (96%) | 24-Jun-2024 0:26 |
22-06-2024 | 75.00 | ₹72 – No Change | ₹147 (96%) | 23-Jun-2024 0:30 |
21-06-2024 Close | 75.00 | ₹72 – Up | ₹147 (96%) | 22-Jun-2024 0:23 |
20-06-2024 | 75.00 | ₹71 – No Change | ₹146 (94.67%) | 20-Jun-2024 11:25 |
19-06-2024 Open | 75.00 | ₹71 – Up | ₹146 (94.67%) | 19-Jun-2024 10:53 |
18-06-2024 | 75.00 | ₹62 – Up | ₹137 (82.67%) | 18-Jun-2024 10:24 |
17-06-2024 | 75.00 | ₹53 – Up | ₹128 (70.67%) | 17-Jun-2024 10:29 |
16-06-2024 | 75.00 | ₹40 – No Change | ₹115 (53.33%) | 17-Jun-2024 0:32 |
15-06-2024 | 75.00 | ₹40 – No Change | ₹115 (53.33%) | 15-Jun-2024 10:01 |
14-06-2024 | 75.00 | ₹40 – No Change | ₹115 (53.33%) | 14-Jun-2024 11:23 |
13-06-2024 | 75.00 | ₹40 – Up | ₹115 (53.33%) | 14-Jun-2024 0:27 |
12-06-2024 | 75.00 | ₹25 – Up | ₹100 (33.33%) | 13-Jun-2024 0:27 |
11-06-2024 | 75.00 | ₹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 Size | 1600 Shares |
Issue Size | ₹44.93 Cr |
Fresh Issue | ₹11.23 Cr |
Issue Type | Book Build Issue |
IPO Listing At: | BSE SME |
GEM Enviro Management Limited SME IPO Timeline (Tentative Schedule)
Event | Tentative Date |
---|---|
Opening Date | 19th Jun 2024 |
Closing Date | 21st Jun 2024 |
Basis of Allotment | 24th Jun 2024 |
Initiation of Refunds | 25th Jun 2024 |
Credit of Shares to Demat | 25th Jun 2024 |
Listing Date | 26th Jun 2024 |