Established in the year 2013, from the year 2013 to 2018, GEM Enviro Management Limited was engaged in the trading of plastic waste material and trading of merchandise manufactured out of waste recycling. The company was committed to sustainable plastic waste management and environmental stewardship, providing a basket of services to its customers that includes but is not limited to plastic waste collection and sorting, recycling and repurposing, waste trading, providing environment consultancy, etc. With the field experience of their company’s promoters in the plastic waste management industry and thorough market knowledge, strategic negotiations have helped us secure good prices and favorable terms for plastic trading waste transactions.
In the year 2016, the Ministry of Environment, Forest and Climate Change (Ministry) notified Plastic Waste Management Rules, 2016 (“PWM Rules”). The PWM Rules mandate the generators of plastic waste take steps to minimize the generation of plastic waste, not to litter the plastic waste, ensure segregated storage of waste at source & hand over segregated waste by rules. As part of this initiative, the ministry also issued comprehensive guidelines on Extended Producer Responsibility (EPR) for plastic packaging in February 2022. These guidelines establish a structure for the effective implementation of EPR, outlining the specific duties and obligations of Producers, Importers, Brand Owners, Recyclers, Waste Processors, and other relevant stakeholders.
Objects of the Issue:
- To Meet Working Capital Requirements
- General corporate purpose
GEM Enviro IPO Review
- Apply
GEM Enviro IPO Date & Price Band Details
| IPO 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
GEM Enviro IPO Market Lot
The GEM Enviro IPO minimum market lot is 1600 shares with a ₹120,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹120,000 |
| Retail Maximum | 1 | 1600 | ₹120,000 |
| S-HNI Minimum | 2 | 3200 | ₹240,000 |
GEM Enviro IPO Dates
The GEM Enviro IPO date is June 19 and the IPO close date is June 21. The IPO allotment date is June 24 and the IPO might list on 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 |
You can check IPO subscription status and IPO allotment status on their respective pages.
GEM Enviro IPO Form
How to apply GEM Enviro IPO? You can apply GEM Enviro IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the GEM Enviro IPO in the Invest section. The other option you can apply GEM Enviro IPO via IPO forms download via the BSE website. Check out the GEM Enviro forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
GEM Enviro Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹25.61 | ₹17.82 | ₹5.83 |
| 2022 | ₹32.91 | ₹22.94 | ₹7.45 |
| 2023 | ₹42.81 | ₹29.31 | ₹10.02 |
| Dec 2023 | ₹26.39 | ₹15.05 | ₹8.40 |
GEM Enviro IPO Valuation – FY2023
Check GEM Enviro IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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
- NA
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: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
GEM Enviro IPO Allotment Status
Check GEM Enviro IPO allotment status on Skylinert website URL. Click Here
GEM Enviro IPO Lead Managers aka 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: [email protected]
Website: http://www.gemrecycling.com/
