IPO Issue Details
Issue Price / Price Band₹75 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size59,90,400 shares (aggregating up to ₹44.93 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 19 Jun 2024
Subscription CloseFri, 21 Jun 2024
Anchor AllotmentTue, 18 Jun 2024
Basis of AllotmentMon, 24 Jun 2024
Initiation of RefundsTue, 25 Jun 2024
Credit of Shares to DematTue, 25 Jun 2024
Listing DateWed, 26 Jun 2024
UPI Mandate Deadline2024-06-21
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,600 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 3,200 shares
EPS (Pre-IPO)₹4.76
EPS (Post-IPO)₹4.97
P/E Ratio (Pre-IPO)15.76x
P/E Ratio (Post-IPO)15.09x
Net Offer to Public56,48,000 shares (aggregating up to ₹42.36 Cr)
Reserved for Market Maker3,42,400 shares (aggregating up to ₹2.57 Cr)
Pre-IPO Promoter Holding2,10,52,800 shares
Post-IPO Promoter Holding2,25,50,400 shares
Fresh Issue Shares11,55,200 shares (aggregating up to ₹8.66 Cr)
Offer for Sale Shares44,92,800 shares of ₹5 (aggregating up to ₹33.70 Cr)
About GEM Enviro Management Ltd.
Incorporated in February 2013, GEM Enviro Management Limited is a waste management company specialising in recycling all packaging waste, including plastic waste. The company's services can be divided into the following categories:1. EPR consultancy and fulfilment for Plastic Waste2. Collection and recycling of Industrial Plastic Waste3. Sales and Marketing of recycled products4. ESG Consulting and BRSR (Business Responsibility and Sustainability Reporting)Through awareness programs, the company educates people about proper plastic waste disposal and recycling. It generates revenue from selling recycled products and markets these products to existing business customers, emphasizing their environmental benefits and cost-effectiveness.In the fiscal year 2023-24, GEM began offering ESG consulting and BRSR services to clients. This encompasses comprehensive ESG consulting tailored to each client's needs, including assessing current ESG practices, identifying areas for improvement, and integrating sustainability into core business operations through thorough ESG audits, stakeholder engagement, materiality assessments, and benchmarking.GEM Enviro Management has a diverse portfolio with over 100 clients across various industries, including F&B, FMCG, Cement, Fertilizers, Packaging, and Consumer Goods. Some prominent clients are Bengal Beverages Private Limited and Varun Beverages Limited.As of June 2024, the company has 51 full-time employees.
Objects of the Issue
GEM Enviro Management Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirements
2
General corporate purpose.
Shareholding & Lock-in
Pre-IPO Promoter Holding
2,10,52,800 shares
Post-IPO Promoter Holding
2,25,50,400 shares