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GEM Enviro Management Limited IPO (GEM Enviro Management Limited IPO) Details

GEM Enviro Management Limited

GEM Enviro Management Limited IPO's overview

GEM Enviro Management Limited IPO is a book built issue of ₹44.93 Cr (44,92,80,000). The issue is a combination of fresh issue of 14.98 Lakh (14,97,600) shares aggregating to ₹11.23 Cr (11,23,20,000) and offer for sale of 44.93 Lakh (44,92,800) shares aggregating to ₹33.70 Cr (33,69,60,000).

GEM Enviro Management Limited IPO bidding started from Jun 19, 2024 and ended on Jun 21, 2024. The allotment for GEM Enviro Management Limited IPO was finalized on Jun 24, 2024. The shares got listed on BSE on Jun 26, 2024.

GEM Enviro Management Limited IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹1.14 Lakh (1,13,600).

Refer to GEM Enviro Management Limited IPO RHP for detailed information.

  • IPO date

    Jun 19,2024 - Jun 21,2024

  • Listing Date

    Jun 26,2024

  • Face value

    5

  • Price Band

    71 to ₹75 per share

  • Lot

    1600 Shares

  • Total Issue Size

    59.90 Lakh (59,90,400)

    aggregating up to 44.93 Cr (44,92,80,000)

  • Fresh Issue

    14.98 Lakh (14,97,600)

    aggregating up to ₹11.23 Cr (11,23,20,000)

  • Offer for sale

    44.93 Lakh (44,92,800)

    aggregating up to ₹33.70 Cr (33,69,60,000)

  • Issue Type

    Book Building

  • IPO Type

    SME
  • Listing At

    BSE

  • Wed, Jun 19, 2024

    IPO Open

  • Fri, Jun 21, 2024

    IPO Close

  • Mon, Jun 24, 2024

    Basis of Allotment

  • Tue, Jun 25, 2024

    Initiation of Refunds

  • Tue, Jun 25, 2024

    Credit of Shares to Demat

  • Wed, Jun 26, 2024

    Listing

GEM Enviro Management Limited IPO Lot Size

ApplicationLotsSharesAmount

Retail(Min)

11,6001.20 Lakh (1,20,000)

Retail(Max)

11,6001.20 Lakh (1,20,000)

HNI(Min)

23,2002.40 Lakh (2,40,000)

GEM Enviro Management Limited IPO Reservation

Investor CategoryShares Offered
Offered to QIB11.30 Lakh (11,29,600)
Offered to NII8.48 Lakh (8,48,000)
Offered to RII19.78 Lakh (19,77,600)
Offered to Anchor Investor16.93 Lakh (16,92,800)

About GEM Enviro Management Limited

Incorporated in February 2013, GEM Enviro Management Limited is a waste management company specialising in recycling all packaging waste, including plastic waste. The company's services can be divided into the following categories: 1. EPR consultancy and fulfilment for Plastic Waste 2. Collection and recycling of Industrial Plastic Waste 3. Sales and Marketing of recycled products 4. ESG Consulting and BRSR (Business Responsibility and Sustainability Reporting) Through awareness programs, the company educates people about proper plastic waste disposal and recycling. It generates revenue from selling recycled products and markets these products to existing business customers, emphasizing their environmental benefits and cost-effectiveness. In the fiscal year 2023-24, GEM began offering ESG consulting and BRSR services to clients. This encompasses comprehensive ESG consulting 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. GEM Enviro Management has a diverse portfolio with over 100 clients across various industries, including F&B, FMCG, Cement, Fertilizers, Packaging, and Consumer Goods. Some prominent clients are Bengal Beverages Private Limited and Varun Beverages Limited. As of June 2024, the company has 51 full-time employees.

GEM Enviro Management Limited IPO's documents

GEM Enviro Management Limited Contact Details

GEM Enviro Management Limited Unit No.203, Plaza- P 3 Central Square, Bara Hindu Rao, -New Delhi-110006

GEM Enviro Management Limited IPO's Promoters

The company's promoters are Mr Sachin Sharma, Mrs Sangeeta Pareekh, Mr Dinesh Pareekh, Mr Sarthak Agarwal, and BLP Equity Research Private Limited.