GEM Enviro Management Limited
Book Built Issue IPO · BSE
- Price band
- ₹71 - ₹75
- Lot size
- 1,600 shares
- Issue amount
- ₹44.93 cr
- Total subscription
- 265.22×
- Opens
- 19 Jun 2024
- Closes
- 21 Jun 2024
- Allotment
- 24 Jun 2024
- Listing
- 26 Jun 2024
Offer at a glance
Issue overview
- Issue size
- 59,90,400 shares
- Face value
- ₹5 Per Equity Share
- Minimum investment
- ₹1,13,600
- Fresh issue
- ₹11.23 cr
- Offer for sale
- ₹33.7 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 2,10,52,800
- Shares after issue
- 2,25,50,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,20,000 |
| HNI | 2 | 3,200 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.47 | 1,357.37 |
| RETAIL | 14.83 | 3,563.46 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.99 | 4.75 | 3.53 |
| ROE | 30.48 | 48.57 | 54.62 |
| ROCE | 36.55 | 55.98 | 58.15 |
| RONW | 30.48 | 48.57 | 54.62 |
| PRE IPO(PE) | 15.76 | 0 | 0 |
| POST IPO(PE) | 15.09 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
GEM Enviro Management Limited, incorporated in February 2013, is a leading waste management company specializing in recycling all types of packaging waste, including plastic. The company offers a range of services, including EPR consultancy and fulfillment, industrial plastic waste collection and recycling, sales and marketing of recycled products, and ESG consulting and BRSR (Business Responsibility and Sustainability Reporting). GEM is also committed to raising awareness about responsible plastic waste disposal and recycling through educational programs. The company generates revenue by selling recycled products, promoting their environmental benefits and cost-effectiveness to business customers. In the fiscal year 2023-24, GEM expanded its services to include comprehensive ESG consulting, offering ESG audits, stakeholder engagement, materiality assessments, and benchmarking. With a diverse client base spanning industries like F&B, FMCG, Cement, Fertilizers, Packaging, and Consumer Goods—including major names like Bengal Beverages Private Limited and Varun Beverages Limited—GEM Enviro Management continues to make a significant impact in the sustainability sector. As of June 2024, the company operates with a dedicated team of 51 full-time employees.
Strengths
- Strong Regulatory Know-How: Possesses deep understanding of relevant regulations and compliance requirements.
- High Operational Flexibility: Well-structured processes and a skilled workforce enable quick adaptation to the needs of different sectors.
- Growing Brand Presence: An emerging name in the plastic EPR space with increasing brand visibility and recall.
Risk factors
- Legal Exposure: Pending legal cases involving promoters and group entities may negatively impact the business if outcomes are unfavorable.
- High Working Capital Requirement: Failure to secure adequate working capital could hinder day-to-day operations and limit growth.
- Dependence on Key Suppliers: Reliance on a limited number of major suppliers increases the risk of operational disruption if any key supplier discontinues support.
Promoters
Mr Sachin Sharma
Mrs Sangeeta Pareekh
Mr Dinesh Pareekh
Mr Sarthak Agarwal
BLP Equity Research Private Limited
Registrar & documents
Lead manager
Share India Capital Services Private Limited, Fintellectual Corporate Advisors Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit No.203, Plaza- P 3, Central Square, Bara, Hindu Rao, -New Delhi-110006
011-49068377
[email protected]Company website ↗Understanding GEMENVIRO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.