GEM ENVIRO MANAGEMENT LIMITED

19 Jun 2024 - 21 Jun 2024 Individual Category SME BSE

Min Investment

₹120000

Price Band

₹71-₹75

Issue Size

42.98 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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19 Jun 2024

Open Date

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21 Jun 2024

Close Date

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24 Jun 2024

Allotment Date

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26 Jun 2024

Listing Date

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. 

Founded

2013

Managing Director

Mr Sachin Sharma

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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