GEM Enviro IPO description – Founded in 2013, GEM Enviro Management specializes in the collection and recycling of various types of packaging waste, with a particular focus on plastic waste. Over time, the company expanded its services to include implementing Plastic Extended Producer Responsibility Programs for different organizations, which has now become its primary business vertical.
In the fiscal year 2022-2023, revenue from the collection and recycling of industrial plastic waste accounted for 17.42%, while sales and marketing of recycled products contributed 0.18% to the total revenue.
GEM Enviro Management provides the following services:
- EPR consultancy and fulfilment for Plastic Waste
- Collection and recycling of Industrial Plastic Waste
- Sales and Marketing of recycled products
- ESG Consulting and BRSR (Business Responsibility and Sustainability Reporting)
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With a diverse portfolio of over 100 clients, GEM Enviro Management has built strong relationships across various industries, including Food and Beverages (F&B), Fast-Moving Consumer Goods (FMCG), cement, fertilizers, packaging, consumer goods, and more. Some of GEM’s prominent clients include Bengal Beverages Private Limited (a bottler for THE COCA-COLA COMPANY) and Varun Beverages Limited.
Promoters of GEM Enviro – Mr. Sachin Sharma, Mrs. Sangeeta Pareekh, Mr. Dinesh Pareekh, Mr. Sarthak Agarwal and Blp Equity Research Private Limited
GEM Enviro Management IPO Details
| GEM Enviro IPO Dates | 19 – 21 June 2024 |
| GEM Enviro Issue Price | INR 71 – 75 per share |
| Fresh issue | 14,97,600 shares (INR 10.63 – 11.23 crore) |
| Offer For Sale | 44,92,800 shares (INR 31.90 – 33.70 crore) |
| Total IPO size | 59,90,400 shares (INR 42.53 – 44.93 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,20,000) |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
GEM Enviro Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 25.51 | 32.80 | 42.53 | 26.21 |
| Expenses | 17.82 | 22.94 | 29.31 | 15.05 |
| Net income | 5.83 | 7.45 | 10.02 | 8.40 |
Figures in INR Crores unless specified otherwise
GEM Enviro Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.76 | 3.53 | 4.75 |
| PE ratio | – | – | – |
| RONW (%) | 83.23 | 54.62 | 48.57 |
| NAV | 4.82 | 8.14 | 11.45 |
| ROCE (%) | 76.58 | 58.15 | 55.98 |
| EBITDA (%) | 31.35 | 30.24 | 31.21 |
| Debt/Equity | 0.00 | 0.00 | – |
*Compiled by IPO Central from Prospectus
GEM Enviro IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 18 June 2024 | 40 | – | 46,500 |
| 17 June 2024 | 39 | – | 46,600 |
| 15 June 2024 | 37 | – | 42,700 |
| 14 June 2024 | 35 | – | 39,000 |
| 13 June 2024 | 25 | – | 31,500 |
GEM Enviro IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of shares is not included in the above calculations.
GEM Enviro IPO Allotment Status
GEM Enviro IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
GEM Enviro IPO Dates & Listing Performance
| IPO Opening Date | 19 June 2024 |
| IPO Closing Date | 21 June 2024 |
| Finalization of Basis of Allotment | 24 June 2024 |
| Initiation of refunds | 25 June 2024 |
| Transfer of shares to demat accounts | 25 June 2024 |
| IPO Listing Date | 26 June 2024 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
GEM Enviro Offer Lead Manager
SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED
A 15, Sector-64, Noida, Gautam Buddha Nagar,
Uttar Pradesh- 201301
Phone: +91-120-4910000
Email: kunal.bansal@shareindia.co.in
Website: www.shareindia.com
GEM Enviro Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020, India
Phone: 011-40450193-97
Email: ipo@skylinerta.com
Website: www.skylinerta.com
GEM Enviro Management IPO Contact Details
GEM ENVIRO MANAGEMENT LIMITED
Unit No.203, Plaza- P 3, Central Square,
Bara Hindu Rao, Delhi 110006, India
Phone:Â 011-49068377
E-mail:Â info@gemrecycling.com
Website:Â www.gemrecycling.com