GEM Enviro Management Limited IPO opens today. Check the GMP & details
| Category | Details |
|---|---|
| Company Name | GEM Enviro Management Limited |
| Industry | Waste Management |
| Specialization | Recycling all packaging waste, including plastic waste |
| Service Categories | 1. EPR Program Management and Implementation 2. Sustainability Consultation 3. Collection and Transportation of Plastic waste 4. Education and Advocacy |
| Revenue Generation | – Selling recycled products; – Marketing recycled products to existing business customers emphasizing environmental benefits and cost-effectiveness |
| Client Portfolio | Over 100 clients across various industries including F&B, FMCG, Cement, Fertilizers, Packaging, and Consumer Goods |
| Prominent Clients | Bengal Beverages Private Limited; Varun Beverages Limited |
Financials
| Category | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|---|
| Revenue from Operations | 1,848.58 | 4,253.02 | 3,280.00 | 2,551.42 |
| EBITDA | 877.06 | 1,355.06 | 1,003.49 | 809.02 |
| PAT | 650.84 | 1,001.82 | 745.23 | 583.38 |
Company Promoters
- Mr Sachin Sharma
- Mrs Sangeeta Pareekh
- Mr Dinesh Pareekh
- Mr Sarthak Agarwal
- BLP Equity Research Private Limited
The existing shareholding of the promoters are 100% which will be reduced to 73.44% post IPO.
Issue Objectives
- To utilize the proceeds for Working Capital.
- General Corporate purpose use.
Anchor Investors
Anchor Investors have been issued 16,92,800 equity shares have been subscribed today at Rs.75/- per equity share.
IPO Details
GEM Enviro Management Ltd. IPO is categorised under SME .
| Category | Details |
|---|---|
| Open Date | 19 June, 2024 |
| Close Date | 21 June, 2024 |
| Allotment Date | 24 June, 2024 |
| Listing Date | 26 June,2024 |
| Issue Price | ₹71-75 per equity share |
| Face Value | ₹5 Per Equity Share |
| Market Lot | 1600 Shares (₹120,000/-) |
| Listing at Group | BSE SME |
| Registrar | Skyline Financial Services Private Ltd |
| Retail Portion | 35% |
| Issue Size | Total ₹44.93 Cr : #Fresh Issue : 1,497,600 shares (aggregating up to ₹11.23 Cr) + #OFS : 4,492,800 shares of ₹5 (aggregating up to ₹33.70 Cr) |
GEM Enviro Management Limited GMP today :
The expected Grey Market Premium(GMP) today is Rs. 53-63 (i.e.70.67% of the issue price) .It is expected that investors can get a profit of 70.67%% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
READ MORE: Tata Motors to hike the prices of its commercial vehicle by July 1. Check the details
Disclaimer:
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.