GEM Enviro IPO Details
| IPO Size | 44.93 |
| Price Range | ₹71 to ₹75 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 1600 |
| Investment (cut-off price) | ₹120,000 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | 73.44% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
GEM Enviro IPO Timelines
19/06/2024
Start Date21/06/2024
End Date25/06/2024
Refund Initiation25/06/2024
Credit of Shares to Demat Ac26/06/2024
Listing DateGEM Enviro IPO Lot Size
| 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 Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 160.22 x | 463.29 x | 240.25 x | -- | 265.22 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹142.50 | ₹149.60 | ₹149.60 | ₹142.50 |
GEM Enviro IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹25.61 | ₹17.82 | ₹5.83 |
| FY 2022 | ₹32.91 | ₹22.94 | ₹7.45 |
| FY 2023 | ₹42.81 | ₹29.31 | ₹10.02 |
| FY 2024 (9M) | ₹26.39 | ₹15.05 | ₹8.40 |
About Company
GEM Enviro Management Limited (GEM), established in 2013, specializes in collecting and recycling various packaging wastes, including plastic waste. Over the years, GEM has diversified into implementing Plastic Extended Producer Responsibility (EPR) Programmes to help organisations comply with PWM Rules 2016 and its amendments.
This has become GEM’s largest business vertical, contributing 82.41% of revenue in 2022-2023. The collection and recycling of industrial plastic waste accounted for 17.42% of revenue, while sales and marketing of recycled products made up 0.18% of revenue for the same period.
From 2013 to 2018, GEM primarily traded plastic waste material and merchandise made from recycled waste. Committed to sustainable plastic waste management, GEM offers comprehensive services, including plastic waste collection, sorting, recycling, repurposing, waste trading, and environmental consultancy.
The company leverages its promoters’ field experience and market knowledge to secure favourable terms and prices in plastic waste trading transactions.
In 2023-2024, GEM expanded into additional sustainability-related services. Currently, GEM offers EPR consultancy and fulfilment for plastic waste, collection and recycling of industrial plastic waste, sales and marketing of recycled products, and ESG consulting and Business Responsibility and Sustainability Reporting (BRSR).
The company is also dedicated to raising awareness about proper plastic waste disposal and the importance of recycling through regular awareness programs.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2013 | Environmental Services | Sachin Sharma |
Know Before Investing
GEM Enviro IPO Strengths
- An emerging player in plastic EPR with strong brand recall.
- Strong relationships with recyclers and waste aggregators in the value chain.
- The huge and rapidly growing EPR market size offers growth potential.
- Significant opportunities in GEM’s other business areas.
- High growth potential in waste tech using AI and Blockchain.
- Expertise in enviro tech industry enables leveraging cutting-edge technologies.
GEM Enviro IPO Risks
- High working capital needs may strain financial stability and growth.
- Dependency on top customers, 57.35% revenue from top 10 clients.
- Reliance on few suppliers; top 10 contribute 88.63% of purchases.
- Lack of ownership of key office spaces risks operational disruptions.
- Promoters’ control may conflict with minority shareholder interests.
- High trade receivables, 93.08% of total revenue in December 2023.
Swot Analysis for GEM Enviro IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
Company Details
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/
IPO Registar Details
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of GEM Enviro IPO are:
- Meet Working Capital Requirements
- General corporate purposes
Fintellectual Corporate Advisors Pvt Ltd and Share India Capital Services Pvt Ltd are the book-running lead managers for the GEM Enviro IPO.