June 26, 2024
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GEM Enviro IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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GEM Enviro IPO listing review
The scrip is listed at Rs 142.50, a premium of 90% over the issue price. The listing
What was the last GMP of GEM Enviro IPO?
GMP Rs. 72
Subject to rates Rs. 87600
Subscription status of GEM Enviro IPO
On 21 June 2024 @ 5.00 (Day 3) (Closed)
Review:
QIB: 160.22 T
NII: 462.89 T
RII: 240.25 T
Total: 265.13 T
Application: 3,17,929 (257.22X)
Amount wise Subscription: Rs. 7352.05 Crore
What is the business of GEM Enviro?
GEM Enviro Management Limited (“GEM”) was established in the year 2013 for collection
and recycling of all kinds of Packaging waste including the Plastic Waste. Subsequently, the company
diversified to implementation of Plastic Extended Producer Responsibility Programmes for various
organization (to fulfill their obligations as per PWM Rules 2016 and amendments) and which has become
the largest Business vertical of the Company (contributing to 82.41% of revenue in the year 2022-2023).
Collection and recycling of Industrial Plastic Waste contributed to 17.42% of revenue and Sales and
marketing of recycled products contributed to 0.18% of revenue in FY 2022-2023. Further in year 2023-2024 the company has ventured into new additional businesses in the field of Sustainability and as on today the Company provides following Services:
1. EPR consultancy and fulfilment for Plastic Waste
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)
Get more information about the company @ http://www.gemrecycling.com/
| GEM Enviro IPO Details | |
| IPO opens on | 19 June 2024 |
| IPO closes on | 21 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1497600 Shares / Rs – Crore |
| * Fresh Issue | 1497600 Shares / Rs – Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Market Maker Portion | 342400 Shares |
| Net offer to Public | 1155200 Shares / Rs – Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.? |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE SME |
| Shares offered in GEM Enviro IPO | ||
| Shares | Rs. (Crore) | |
| QIB (0%) | 577600 | – |
| NII (50%) | 173280 | – |
| RII (50%) | 404320 | – |
| Total Shares | 1155200 | – |
| Retail portion will be oversubscribed by | ? | |
| Forms | ||
| How much Shares to Apply in GEM Enviro IPO? | ||
| Min Retail Application | – Shares | Rs. – |
| Min HNI Application | – Shares | Rs.- |
Who are the Promoters of GEM Enviro IPO?
The company’s promoters are Mr Sachin Sharma, Mrs Sangeeta Pareekh, Mr Dinesh Pareekh, Mr Sarthak Agarwal, and BLP Equity Research Private Limited.
What are the Objects of GEM Enviro IPO?
The Offer comprises of a Fresh Issue of Equity shares
The company intends to utilize the proceeds of the Offer to meet the following objects: –
1.To Meet Working Capital Requirements
2.General corporate purpose.
| GEM Enviro IPO Tentative timetable | |
| IPO opens on | 19 June 2024 |
| IPO Closes on | 21 June 2024 |
| IPO Allotment on | 24 June 2024 |
| Refund Initiation | 25 June 2024 |
| Credit of Shares | 25 June 2024 |
| Listing on | 26 June 2024 |
| Registered Office of the Company GEM Enviro Management Limited Unit No.203, Plaza- P 3 Central Square, Bara Hindu Rao, -New Delhi-110006 |
| Who is the Lead Manager of GEM Enviro IPO? Share India Capital Services Private Limited Fintellectual Corporate Advisors Private Limited |
| Who is the Registrar to IPO? Skyline Financial Services Private Ltd |
| GEM Enviro IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 25.61 | 5.83 | 2.76 | 83.23 |
| 2021-22 | 32.91 | 7.45 | 3.53 | 54.62 |
| 2022-23 | 42.81 | 10.02 | 4.75 | 48.57 |
| Book Value of the Share on | 31.12.2023 | Rs 14.74 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. ? | |||
| GEM Enviro IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | – |
| Price/BV Ratio | – |
| Upper price/BV after IPO | – |
How GEM Enviro IPO compares with the Peers?
As of the date of this Red Herring Prospectus there are no listed companies that are engaged in the business exactly similar to this company.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
GEM Enviro IPO To the point Guidance
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Quicklinks
GEM Enviro Management IPO GMP today details
GEM Enviro Management IPO
GEM Enviro Management IPO FAQs
What is GEM Enviro Management IPO?
GEM Enviro Management IPO is a SME IPO of 1497600 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.
When will GEM Enviro Management IPO open?
GEM Enviro Management IPO opens on June 19, 2024, and closes on June 21, 2024.
What is the lot size of GEM Enviro Management IPO?
GEM Enviro ManagementIPO lot size is ? Shares, and the minimum amount required is Rs.?.
How to apply for GPES Solar IPO?
You can apply in GEM Enviro Management IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is GPES Solar IPO allotment?
The finalization of Basis of Allotment for GEM Enviro Management IPO will be done on 24 June, 2024, and the allotted shares will be credited to your demat account by June 25, 2024.
When is GPES Solar IPO listing date?
GEM Enviro Management IPO listing date is June 26, 2024.
