gem inviro ipo

Gem Enviro Management IPO

Closed RHP

Gem Enviro IPO Details

  • Open Date 19-Jun-24
  • Close Date 21-Jun-24
  • Lot Size 1600
  • IPO Size ₹ 44.93 Cr
  • IPO Price Range ₹ 71 to ₹ 75
  • Min Investment ₹ 120,000
  • Listing Exchange BSE SME
  • Basis of Allotment 24-Jun-24
  • Refunds 25-Jun-24
  • Credit to Demat Account 25-Jun-24
  • Listing Date 26-Jun-24

Gem Enviro Management IPO Subscription Status

Date QIB NII Retail TOTAL
19-Jun-24 3.55 8.48 14.21 9.93
20-Jun-24 3.60 22.45 47.29 29.48
21-Jun-24 160.22 462.89 240.25 265.13

Gem Enviro IPO Synopsis

Last Updated: 21st June, 2024 by 5paisa

GEM Enviro IPO is all set to open from 19th June to 21st June 2024. The company operates as a waste management company. The IPO includes a fresh issue of 1,497,600 shares worth ₹11.23 cr. and an Offer for Sale (OFS) of 4,492,800 shares worth ₹33.70 cr. The total IPO size is ₹44.93 cr. The share allotment date is 24th June 2024, and the IPO will be listed on 26th June 2024 on the stock exchanges. The price band is ₹71 to ₹75 and the lot size is 1600 shares.    

Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book-running lead managers for this IPO, while Skyline Financial Services Private Limited is the registrar. 

Objectives of the Issue
GEM Enviro Limited plans to utilize the raised capital from the IPO to:
●    To fund the working capital requirement.
●    General corporate purposes. 
 

About Gem Enviro Management

Established in 2013, GEM Enviro operates as a waste management company. The company has four business verticals including i). EPR consultancy and fulfillment for Plastic Waste ii) Collection and recycling of Industrial Plastic Waste iii)  Sales and Marketing of recycled products iv) ESG Consulting and BRSR (Business Responsibility and Sustainability Reporting.

GEM Enviro is also a  Producer Responsible Organizations (PROs). It is ISO 45001:2018 certified and also has gotten awards like Times Business Awards North 2023 – For being a Recycling Partner.

Peer Comparison

No listed peers. 

For More Information:
Webstory on GEM Enviro IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 42.53 32.80 25.51
EBITDA 13.55 10.03 8.09
PAT 10.01 7.45 5.83
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 35.74 26.84 18.95
Share Capital 0.31 0.36 0.36
Total Borrowings 11.63 9.70 8.80
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 8.45 3.45 0.23
Net cash from / (used in) investing activities -0.40 0.037 0.042
Net cash flow from / (used in) financing activities -3.05 -0.47 -0.25
Net increase (decrease) in cash and cash equivalents 4.99 3.02 0.022


Gem Enviro IPO Key Points

  • Strengths

    1.    The company has extensive experience and expertise in the field it is operating in. 
    2.    Commitment to Transparency is a big plus. 
    3.    The company believes in innovation and works to explore new systems and strategies to improve recycling and reduce waste,
    4.    It possesses a sound understanding of the regulatory landscape.
    5.    It has strong relationships across the entire value chain.
     

  • Risks

    1.    The company operates in a highly regulated sector and competitive landscape.
    2.    It has reported negative cash flow in the past. 
    3.    High working capital requirements. 
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Gem Enviro IPO FAQs

When does the GEM Enviro IPO opens and closes?

GEM Enviro IPO opens from 19th June to 21st June 2024.
 

What is the size of the GEM Enviro IPO?

The size of GEM Enviro IPO is ₹44.93 cr. 
 

How to apply for the GEM Enviro IPO?

To apply for GEM Enviro IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the GEM Enviro IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

What is the price band of GEM Enviro IPO?

The price band of GEM Enviro IPO is fixed at ₹71 to ₹75 per share. 
 

What is the minimum lot size and investment required for the GEM Enviro IPO?

The minimum lot size of GEM Enviro IPO is 1600 shares and the investment required is ₹1,13,600.
 

What is the allotment date of GEM Enviro IPO?

The share allotment date of GEM Enviro IPO is 24th June 2024.
 

What is the GEM Enviro IPO listing date?

The GEM Enviro IPO will be listed on 26th June 2024.
 

Who are the book runners for the GEM Enviro IPO?

Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book-running lead managers for GEM Enviro IPO.
 

What is the objective of GEM Enviro IPO?

GEM Enviro Limited plans to utilize the raised capital from the IPO to:

●    To fund the working capital requirement.
●    General corporate purposes. 
 

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