GEM Enviro Management Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 5 per share |
| Price Band | ₹ 71 to ₹ 75 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 59,90,400 shares (aggregating up to ₹ 44.93 Cr) |
| Fresh Issue | 14,97,600 shares (aggregating up to ₹ 11.23 Cr) |
| Offer for Sale | 44,92,800 shares of ₹5 (aggregating up to ₹ 33.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,10,52,800 |
| Share holding post issue | 2,25,50,400 |
About GEM Enviro Management Limited IPO
GEM Enviro Management Limited is engaged in the trading of plastic waste material and trading of merchandise manufactured out of waste recycling. The company is committed to sustainable plastic waste management and environmental stewardship, providing a basket of services to its customers that includes but is not limited to plastic waste collection and sorting, recycling and repurposing, waste trading, providing environment consultancy, etc. With the field experience of their company’s promoters in the plastic waste management industry and thorough market knowledge, strategic negotiations have helped us secure good prices and favourable terms for plastic trading waste transactions. GEM Enviro IPO is a book-built issue of Rs 44.93 crores.
The issue is a combination of a fresh issue of 14.98 lakh shares aggregating to Rs 11.23 crores and an offer for sale of 44.93 lakh shares aggregating to Rs 33.70 crores. GEM Enviro IPO opens for subscription on June 19, 2024 and closes on June 21, 2024. GEM Enviro IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book-running lead managers of the GEM Enviro IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for GEM Enviro IPO is Share India Securities.
GEM Enviro IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Company & Financials
Incorporated in February 2013, GEM Enviro Management Limited is a waste management company specializing 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)
- The company educates people about proper plastic waste disposal and recycling through awareness programs. It generates revenue from selling recycled products and markets them to existing business customers, emphasizing their environmental benefits and cost-effectiveness. In the fiscal year 2023-24, GEM began offering clients ESG consulting and BRSR services. 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.
Objectives of GEM Enviro IPO
The Net Proceeds are proposed to be used in the following manner:
- 1. To Meet Working Capital Requirements.
- 2. General corporate purpose.
GEM Enviro IPO Review
Though the company is engaged in the plastic waste management (PWM) segment which is a highly fragmented one, its more than decade of experience and long-term relations with renowned customers are attributed to its performance so far. Annualized FY24 earnings The issue appears fully priced, but it indicates the likely trends in coming years with the rising contribution of the company in the PWM segment. Investors may park funds for the medium to long-term rewards in this dividend-paying company.
GEM Enviro Management Limited IPO Financial Information
Latest Revenue
2,639.11
₹ Crore
Profit After Tax
840.42
₹ Crore
Net Worth
3,103.32
₹ Crore
Total Borrowing
2.00
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 3,994.75 | 2,639.11 | 840.42 | 3,103.32 | — | ||||
| 31 Mar 2023 | 3,574.93 | 4,280.57 | 1,001.82 | 2,411.51 | — | ||||
| 31 Mar 2022 | 2,684.52 | 3,291.48 | 745.23 | 1,713.57 | 2.00 | ||||
| 31 Mar 2021 | 1,895.51 | 2,560.58 | 583.38 | 1,015.14 | 2.00 | ||||
| Amount in ₹ Crore | |||||||||
GEM Enviro Management Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 30.48% |
| ROCE | 36.55% |
| RoNW | 30.48% |
| P/BV | 5.09 |
| PAT Margin (%) | 31.84 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.76 | 4.97 |
| P/E (x) | 15.76 | 15.09 |
Frequently Asked Questions
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Competitive Strengths
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GEM Enviro Management Limited IPO Timeline
| 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
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹136,000 |
| Retail (Max) | 1 | 2,000 | ₹136,000 |
| HNI (Min) | 2 | 4,000 | ₹272,000 |