The GEM Enviro IPO is set to open on June 19 and close on June 21. This BSE SME IPO aims to raise ₹44.93 crores, with a price band fixed at ₹71 to ₹75 per share, and a market lot of 1600 shares.
Founded in 2013, GEM Enviro Management Limited initially focused on trading plastic waste material and products made from recycled waste. The company is dedicated to sustainable plastic waste management and environmental stewardship, offering a comprehensive range of services, including plastic waste collection and sorting, recycling and repurposing, waste trading, and environmental consultancy. The extensive industry experience and market knowledge of the company’s promoters have enabled them to secure favorable prices and terms in plastic waste trading transactions.
In 2016, the Ministry of Environment, Forest, and Climate Change introduced the Plastic Waste Management Rules, 2016, which require plastic waste generators to minimize waste production, avoid littering, ensure segregated waste storage at the source, and hand over segregated waste according to the rules. In line with this initiative, the Ministry issued detailed guidelines on Extended Producer Responsibility (EPR) for plastic packaging in February 2022. These guidelines provide a framework for the effective implementation of EPR, outlining the specific responsibilities and obligations of Producers, Importers, Brand Owners, Recyclers, Waste Processors, and other stakeholders.
GEM Enviro IPO Objectives
The net proceeds from the GEM Enviro Management IPO are proposed to be used for the following purposes:
- To meet working capital requirements
- For general corporate purposes
GEM Enviro IPO Review (Apply or Not)
Recommendation: Apply
GEM Enviro IPO Date & Price Band Details
| PO Open: | June 19, 2024 |
| IPO Close: | June 21, 2024 |
| IPO Size: | Approx ₹44.93 Crores, 1,497,600 Equity Shares |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹71 to ₹75 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
GEM Enviro IPO Lot Size
The minimum market lot for the GEM Enviro Management IPO is 1600 shares, with an application amount of ₹120,000
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹ 1,20,000 |
| Retail Maximum | 1 | 1600 | ₹ 1,20,000 |
| S-HNI Minimum | 2 | 3200 | ₹ 2,40,000 |
GEM Enviro Management IPO Timeline
The GEM Enviro IPO will open on June 19 and close on June 21. The allotment date is scheduled for June 24, with the potential listing date set for June 26.
| IPO Open Date: | June 19, 2024 |
| IPO Close Date: | June 21, 2024 |
| Basis of Allotment: | June 24, 2024 |
| Refunds: | June 25, 2024 |
| Credit to Demat Account: | June 25, 2024 |
| IPO Listing Date: | June 26, 2024 |
GEM Enviro IPO Valuation – FY2023
Review the GEM Enviro Management IPO valuation details, including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| Earning Per Share (EPS): | ₹4.75 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 48.57% |
| Net Asset Value (NAV): | ₹11.45 per Equity Share |
Peer Group
Not Applicable
Company Promoters
Mr. Sachin Sharma
Mrs. Sangeeta Pareekh
Mr. Dinesh Pareekh
Mr. Sarthak Agarwal
BLP Equity Research Private Limited
GEM Enviro IPO Registrar
Skyline Financial Services Private Ltd
Phone: 022-28511022
Email: ipo@skylinerta.com
Website: Skyline RTA
GEM Enviro IPO Allotment Status
Check the GEM Enviro Management IPO allotment status on the Skyline RTA website.
GEM Enviro IPO Lead Managers (Merchant Bankers)
Share India Capital Services Private Limited
Fintellectual Corporate Advisors Private Limited
Company Address
- GEM Enviro Management Limited
- Unit No.203, Plaza- P 3
- Central Square, Bara
- Hindu Rao, New Delhi-110006
- Phone: 011-49068377
- Email: vijay.sharma@gemrecycling.com
- Website: GEM Recycling
GEM Enviro IPO FAQs
What is GEM Enviro Management IPO?
GEM Enviro IPO is a BSE SME IPO aiming to raise ₹44.93 crores. The issue is priced at ₹71-75 per equity share and will be listed on BSE.
When will GEM Enviro IPO open?
The IPO will open on June 19, 2024, for QIB, NII, and Retail Investors.
What is the investors’ portion for GEM Enviro IPO?
- QIB: 50%
- NII: 15%
- Retail: 35%
How to apply for the GEM Enviro IPO?
You can apply for the GEM Enviro IPO via ASBA online through your bank account or UPI through your stock brokers. Offline applications can also be submitted through stock brokers.
How to apply for the GEM Enviro IPO through Zerodha?
- Log in to Console on the Zerodha website or app.
- Go to Portfolio and click on IPO.
- Select “GEM Enviro” and click on Bid.
- Enter your UPI ID, quantity, and price, then submit the form.
- Approve the mandate on your UPI app.
How to apply for the GEM Enviro Management IPO through Upstox?
- Log in to the Upstox app.
- Select the IPO and click on Bid.
- Confirm your application.
- Approve the mandate on your UPI app.
How to apply for the GEM Enviro IPO through Paytm Money?
- Log in to the Paytm Money app.
- Select the IPO and click on Bid.
- Confirm your application.
- Approve the mandate on your UPI app.
What is the size of the GEM Enviro IPO?
The GEM Enviro Management IPO size is ₹44.93 crores.