GEM Enviro Management IPO: Important Things To Consider Before Investing

GEM Management Enviro IPO is open for subscription starting Wednesday, June 19, 2024, and closing on Friday, June 21, 2024. The price of this upcoming IPO is decided at Rs 35 per share. GEM Enviro IPO is a book-built issue of Rs 14.98 lakh shares. This upcoming IPO is an entirely fresh issue of 14.98 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, June 24, 2024. GEM Enviro IPO will be listed on BSE SME, and the listing date is fixed on Wednesday, June 26, 2024. The price band and lot size of this IPO is yet to be announced. The book-running lead manager of GEM Enviro IPO is Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited. The registrar for this IPO is Skyline Financial Services Private Limited. The market maker of this issue is Share India Securities. 

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About GEM Enviro Management Limited

GEM Enviro Management Limited was incorporated in February 2013 and is a waste management company specialising in recycling all packaging waste, including plastic waste. The company’s services can be divided into four major categories — EPR consultancy and fulfilment for plastic waste, collection and recycling of industrial plastic waste, sales and marketing of recycled products, ESG consulting and Business responsibility and sustainability reporting. The company has a diversified portfolio with 100 clients in various industries such as FMCG, Cement, Fertilisers, Consumer goods, etc. The company educates people about plastic waste disposal and recycling. This comprehensive ESG consulting is tailored to each client's needs, including assessing current ESG practices, identifying areas for improvement, and integrating sustainability into core business operations through thorough ESG audits, stakeholder engagement, materiality assessments, and benchmarking. As per latest information available in June 2024, the company has a team of 51 full-time employees. 

Objectives of GEM Enviro IPO

The funds raised from this public offer will be used to meet the day-to-day capital requirements of the company. Other than this general corporate purposes will also be met. 

Financials of GEM Enviro Management Limited (Amt in Rs Lakhs)

GEM Enviro Management posted revenue of Rs 2,639.11 lakhs and net profit of Rs 840.42 lakhs for the period ending on 31 December 2023. Earlier, in the period ending on 31st March 2023, GEM Enviro reported a revenue of 4,280.57 lakhs and PAT of Rs 1,001.82 lakhs. The company’s revenue increased by 30.05% and PAT increased by 34.43% between the FY with 31st March 2023 and 31 March 2022. 

Other Important Details of GEM Enviro Management IPO

Time-Table of GEM Enviro Management IPO

IPO Reservation of GEM Enviro Management Limited 

Key Performance Indicator of GEM Enviro Management Limited IPO

Promoters of GEM Enviro Management Limited and Their Holdings

The promoters of GEM Enviro Management company are Sachin Sharma, Sangeeta Pareekh, Dinesh Pareekh, Sarthak Agarwal, and BLP Equity Research Private Limited.

Lead Manager(s) of GEM Enviro Management IPO

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

How do you apply for the GEM Enviro Management IPO?

Wait for the public issue to open for subscription, then click here to apply for the GEM Enviro Management Limited IPO with Bigul.

How do you check the allotment status of GEM Enviro Management IPO?

Skyline Financial Services Private Limited is the registrar for GEM Enviro Management IPO. To check your allotment status, please click here.

FAQs

1. What are the details of the GEM Enviro Management IPO?

GEM Enviro IPO is a book-built issue of Rs 14.98 lakh shares. This upcoming IPO is an entirely fresh issue of 14.98 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, June 24, 2024. 

2. Who are the lead managers for the GEM Enviro Management Limited IPO?

Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited have been appointed as the lead managers for the IPO.

3. What is the role of Skyline Services Private Limited in this IPO?

Skyline Services Private Limited is the registrar for GEM Enviro Management Limited, handling the IPO's administrative aspects.

4. How can I apply for the GEM Enviro Management IPO?

The public subscription of this new IPO will open on June 19, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The funds raised from this public offer will be used to meet the day-to-day capital requirements of the company. Other than this general corporate purposes will also be met. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the GEM Enviro Management Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of GEM Enviro Management Limited?

GEM Enviro Management posted revenue of Rs 2,639.11 lakhs and net profit of Rs 840.42 lakhs for the period ending on 31 December 2023. The company’s revenue increased by 30.05% and PAT increased by 34.43% between the FY with 31st March 2023 and 31 March 2022. 

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