GEM Enviro IPO: Dates, Review, GMP Price, and Allotment Details

GEM Enviro IPO

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.

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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

ApplicationLot SizeSharesAmount
Retail Minimum11600₹ 1,20,000
Retail Maximum11600₹ 1,20,000
S-HNI Minimum23200₹ 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.

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