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GEM Enviro Management Limited IPO

GEM Enviro Management Limited IPO

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Allotment Date :
Listing Date :
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Listed Price: ₹ 142.50 (+90.00%)

GEM Enviro Management Limited's has transitioned to a publicly listed entity following its IPO debut on 26-06-2024 at the BSE exchange. The public offering successfully raised 59,90,400 Shares, consisting of 14,97,600 Sharesin new capital and ₹33.70 Cr in existing shareholder sales.

The IPO featured a competitive price range of ₹71 to ₹75 and minimum application size of 1600 shares. Market reception was evidenced through subscription activity between 19-06-2024 and 21-06-2024, reflecting investor appetite for the offering.

Allotment of shares was completed on 24-06-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

GEM Enviro IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
GEM Enviro IPO Key Performance Indicator
Company Financials ( in Lakhs )

GEM Enviro IPO About Company

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.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


GEM Enviro IPO Strength Factors

  1. Strong Regulatory Know-How: Possesses deep understanding of relevant regulations and compliance requirements.
  2. High Operational Flexibility: Well-structured processes and a skilled workforce enable quick adaptation to the needs of different sectors.
  3. Growing Brand Presence: An emerging name in the plastic EPR space with increasing brand visibility and recall.

GEM Enviro IPO Risk Factors

  1. Legal Exposure: Pending legal cases involving promoters and group entities may negatively impact the business if outcomes are unfavorable.
  2. High Working Capital Requirement: Failure to secure adequate working capital could hinder day-to-day operations and limit growth.
  3. Dependence on Key Suppliers: Reliance on a limited number of major suppliers increases the risk of operational disruption if any key supplier discontinues support.

GEM Enviro IPO Lead Manager(s)

  • Share India Capital Services Private Limited
  • Fintellectual Corporate Advisors Private Limited

GEM Enviro IPO Promoter(s)

  1. Mr Sachin Sharma
  2. Mrs Sangeeta Pareekh
  3. Mr Dinesh Pareekh
  4. Mr Sarthak Agarwal
  5. BLP Equity Research Private Limited

GEM Enviro IPO Company Details

GEM Enviro Management Limited
Phone:
address:

GEM Enviro IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

GEM Enviro IPO FAQs