GEM Enviro IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 19 to Jun 21 2024
Price Band
₹71 - 75
Current GMP
₹142.5(89.33%)
Subscription
265.13 times
IPO Details
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,990,400 shares (aggregating up to ₹44.93 Cr) |
| Fresh Issue | 1,497,600 shares (aggregating up to ₹11.23 Cr) |
| Offer for Sale | 4,492,800 shares of ₹5 (aggregating up to ₹33.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 21,052,800 |
| Share holding post issue | 22,550,400 |
| Market Maker portion | 342,400 shares Share India Securities |
IPO Date
June 19, 2024 to June 21, 2024
Listing Date
Wednesday, June 26, 2024
Face Value
₹5 per share
Price Band
₹71 to ₹75 per share
Lot Size
1600 Shares
Total Issue Size
5,990,400 shares (aggregating up to ₹44.93 Cr)
Fresh Issue
1,497,600 shares (aggregating up to ₹11.23 Cr)
Offer for Sale
4,492,800 shares of ₹5 (aggregating up to ₹33.70 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Share holding pre issue
21,052,800
Share holding post issue
22,550,400
Market Maker portion
342,400 shares Share India Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 160.22 |
| Non-Institutional Buyers*** | 462.89 |
| Retail Investors | 240.25 |
| Total ** | 265.13 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
160.22
Non-Institutional Buyers***
462.89
Retail Investors
240.25
Total **
265.13
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jun 19, 2024 | 3.55 | 8.48 | 14.21 | 9.93 |
| Day 2 Jun 20, 2024 | 3.60 | 22.45 | 47.29 | 29.48 |
| Day 3 Jun 21, 2024 | 160.22 | 462.89 | 240.25 | 265.13 |
DayDay 1
Jun 19, 2024
QIB3.55
NII*8.48
Retail14.21
Total9.93
DayDay 2
Jun 20, 2024
QIB3.60
NII*22.45
Retail47.29
Total29.48
DayDay 3
Jun 21, 2024
QIB160.22
NII*462.89
Retail240.25
Total265.13
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 26-06-2024 | 75.00 | 72(96.0%) | 147 |
| 25-06-2024 | 75.00 | 72(96.0%) | 147 |
| 24-06-2024 | 75.00 | 72(96.0%) | 147 |
| 23-06-2024 | 75.00 | 72(96.0%) | 147 |
| 22-06-2024 | 75.00 | 72(96.0%) | 147 |
| 21-06-2024 | 75.00 | 72(96.0%) | 147 |
| 20-06-2024 | 75.00 | 71(94.67%) | 146 |
| 19-06-2024 | 75.00 | 71(94.67%) | 146 |
| 18-06-2024 | 75.00 | 62(82.67%) | 137 |
| 17-06-2024 | 75.00 | 53(70.67%) | 128 |
| 16-06-2024 | 75.00 | 40(53.33%) | 115 |
| 15-06-2024 | 75.00 | 40(53.33%) | 115 |
| 14-06-2024 | 75.00 | 40(53.33%) | 115 |
| 13-06-2024 | 75.00 | 40(53.33%) | 115 |
| 12-06-2024 | 75.00 | 25(33.33%) | 100 |
| 11-06-2024 | 75.00 | 0(0.0%) | 75 |
Date26-06-2024
Price75.00
GMP72(96.0%)
Estimate List Price147
Date25-06-2024
Price75.00
GMP72(96.0%)
Estimate List Price147
Date24-06-2024
Price75.00
GMP72(96.0%)
Estimate List Price147
Date23-06-2024
Price75.00
GMP72(96.0%)
Estimate List Price147
Date22-06-2024
Price75.00
GMP72(96.0%)
Estimate List Price147
Date21-06-2024
Price75.00
GMP72(96.0%)
Estimate List Price147
Date20-06-2024
Price75.00
GMP71(94.67%)
Estimate List Price146
Date19-06-2024
Price75.00
GMP71(94.67%)
Estimate List Price146
Date18-06-2024
Price75.00
GMP62(82.67%)
Estimate List Price137
Date17-06-2024
Price75.00
GMP53(70.67%)
Estimate List Price128
Date16-06-2024
Price75.00
GMP40(53.33%)
Estimate List Price115
Date15-06-2024
Price75.00
GMP40(53.33%)
Estimate List Price115
Date14-06-2024
Price75.00
GMP40(53.33%)
Estimate List Price115
Date13-06-2024
Price75.00
GMP40(53.33%)
Estimate List Price115
Date12-06-2024
Price75.00
GMP25(33.33%)
Estimate List Price100
Date11-06-2024
Price75.00
GMP0(0.0%)
Estimate List Price75
IPO Important Dates
| IPO Open Date | Wednesday, June 19, 2024 |
| IPO Close Date | Friday, June 21, 2024 |
| Basis of Allotment | Monday, June 24, 2024 |
| Initiation of Refunds | Tuesday, June 25, 2024 |
| Credit of Shares to Demat | Tuesday, June 25, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 21, 2024 |
IPO Open Date
Wednesday, June 19, 2024
IPO Close Date
Friday, June 21, 2024
Basis of Allotment
Monday, June 24, 2024
Initiation of Refunds
Tuesday, June 25, 2024
Credit of Shares to Demat
Tuesday, June 25, 2024
Listing Date
Wednesday, June 26, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 21, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹120,000
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹120,000
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹240,000
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,994.75 | 3,574.93 | 2,684.52 |
| Revenue | 2,639.11 | 4,280.57 | 3,291.48 |
| Profit After Tax | 840.42 | 1,001.82 | 745.23 |
| Net Worth | 3,103.32 | 2,411.51 | 1,713.57 |
| Reserves and Surplus | 2,050.68 | 2,380.55 | 1,677.57 |
| Total Borrowing | 2.00 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 20233,994.75
31 Mar 20233,574.93
31 Mar 20222,684.52
Period EndedRevenue
31 Dec 20232,639.11
31 Mar 20234,280.57
31 Mar 20223,291.48
Period EndedProfit After Tax
31 Dec 2023840.42
31 Mar 20231,001.82
31 Mar 2022745.23
Period EndedNet Worth
31 Dec 20233,103.32
31 Mar 20232,411.51
31 Mar 20221,713.57
Period EndedReserves and Surplus
31 Dec 20232,050.68
31 Mar 20232,380.55
31 Mar 20221,677.57
Period EndedTotal Borrowing
31 Dec 2023
31 Mar 2023
31 Mar 20222.00
Key Performance Indicator
| ROE | 30.48% |
| ROCE | 36.55% |
| RoNW | 30.48% |
| P/BV | 5.09 |
| PAT Margin (%) | 31.84 |
| EPS (Rs) | 4.76 |
ROE
30.48%
ROCE
36.55%
RoNW
30.48%
P/BV
5.09
PAT Margin (%)
31.84
EPS (Rs)
4.76
IPO Reservation
| Anchor Investor Shares Offered | 1,692,800 (28.26%) |
| Market Maker Shares Offered | 342,400 (5.72%) |
| QIB Shares Offered | 1,129,600 (18.86%) |
| NII (HNI) Shares Offered | 848,000 (14.16%) |
| Retail Shares Offered | 1,977,600 (33.01%) |
| Total Shares Offered | 5,990,400 (100%) |
Anchor Investor Shares Offered
1,692,800 (28.26%)
Market Maker Shares Offered
342,400 (5.72%)
QIB Shares Offered
1,129,600 (18.86%)
NII (HNI) Shares Offered
848,000 (14.16%)
Retail Shares Offered
1,977,600 (33.01%)
Total Shares Offered
5,990,400 (100%)
Information about company
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 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)
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.
Objectives of IPO
The Net Proceeds are proposed to be used in the manner
To Meet Working Capital Requirements
General corporate purpose.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App