GEM Enviro Management was incorporated on February 1, 2013. The company started in the business of collecting and recycling all kinds of packaging waste, including plastic waste. Subsequently, the company diversified into the implementation of plastic extended producer responsibility programs for various organizations, which has become the largest business vertical of the company. Furthermore, in FY24, the company ventured into new additional businesses in the field of sustainability.
| Bidding Dates |
|---|
| 19 Jun 2024 - 21 Jun 2024 |
| Subscription |
|---|
| 244.09x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,13,600 | 1 | 1 | 1600 | 6.0 M | ₹71 - ₹75 | 73.44 % | ₹425.3 M - ₹449.3 M | RHP DOC |
GEM Enviro Mgmt IPO SUBSCRIPTION STATUS
21 Jun '24GEM Enviro Mgmt IPO overall subscription rate was 244.09 times the total available shares
GEM Enviro Mgmt IPO retail subscription rate was 240.25 times in the retail segment
GEM Enviro Mgmt IPO non-institutional investor subscription rate was 330.03 times in the non-institutional investor category
GEM Enviro Mgmt IPO Qualified Institutional Bidder subscription rate was 160.22 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
21 Jun 2024 (Day 3) | 240.25x | 330.03x | 160.22x |
20 Jun 2024 (Day 2) | 47.29x | 16.28x | 3.6x |
19 Jun 2024 (Day 1) | 14.21x | 6.04x | 3.55x |
GEM Enviro Mgmt FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 84.0 | 262.1 | 27.3 | 26.8 | 42.7% |
| FY23 | 100.2 | 425.3 | 84.6 | 83.4 | 31.2% |
| FY22 | 74.5 | 328.0 | 34.5 | 34.4 | 30.2% |
| FY21 | 58.3 | 255.1 | 2.3 | 1.8 | 31.4% |
GEM Enviro Mgmt IPO SUBSCRIPTION STATUS DETAILS
GEM Enviro Mgmt had 6.0 M shares on offer
GEM Enviro Mgmt IPO offer price was in the range ₹71 - ₹75
GEM Enviro Mgmt IPO minimum Investment was ₹113600
GEM Enviro Mgmt IPO issue size was ₹ 425.3 M - ₹ 449.3 M
GEM Enviro Mgmt had a minimum lot size of 1600 Shares per application
GEM Enviro Mgmt NUMBER OF SHARES ON OFFER
GEM Enviro Mgmt IPO IMPORTANT DATES
| Issue Open Date | 19 Jun 2024 |
| Issue close Date | 21 Jun 2024 |
| Allotment Date | 24 Jun 2024 |
| Refund Date | 25 Jun 2024 |
| Demat Account Credit Date | 25 Jun 2024 |
| Listing Date | 26 Jun 2024 |
| Listing on Exchange(s) | BSE |
| GEM Enviro Mgmt Allotment Status | Exchange |
GEM Enviro Mgmt IPO subscription opened on 19 Jun 2024, and closed on 21 Jun 2024
IPO allotment for GEM Enviro Mgmt was finalized on Monday, 24 Jun 2024
IPO listing for GEM Enviro Mgmt was on BSE on Wednesday, 26 Jun 2024
GEM Enviro Mgmt IPO LISTING GAINS
| Issue Price (adjusted) | 75.0 |
| Listing Open Price | 142.5 |
| Listing Close Price | 149.6 |
| Listing Gain% | 90.0% |
| Current Gain% | -51.3% |
GEM Enviro Mgmt Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GEM Enviro Management Ltd. | 36.5 | 82.3 | 17.4 | 0.8 | 8.9 | 7 | 103 | 4.7 | 2.1 | ||||
| EMS Ltd. | 404.4 | 2245.7 | 24.8 | -0.5 | 3.1 | 8.6 | 6.8 | 745 | -24.1 | 90.5 | -50.7 | 16.3 | -50.8 |
| Antony Waste Handling Cell Ltd. | 415.8 | 1180 | 15.6 | -1.3 | 1.1 | 10.2 | 4.3 | 1084.1 | 13.1 | 75.4 | -11.6 | 26.6 | -11.6 |
| Eco Recycling Ltd. | 498.4 | 961.8 | 41.5 | 73.6 | 20 | 20.9 | 17.2 | 52.8 | 14.1 | 23.1 | -64.9 | 12 | 0.6 |
| Concord Enviro Systems Ltd. | 276 | 571.1 | 39.1 | -0.5 | 1 | 3.4 | 2.1 | 585.7 | -2.3 | 19.8 | -61.6 | 7 | -71.7 |
| Hi-Green Carbon Ltd. | 139 | 347.2 | 101.2 | 3.8 | 2 | 141.3 | 43 | 3.4 | -69.2 | 1.4 |
GEM Enviro Mgmt INFORMATION ON IPO ISSUE
About GEM Enviro Mgmt
GEM Enviro Management was incorporated on February 1, 2013. The company started in the business of collecting and recycling all kinds of packaging waste, including plastic waste. Subsequently, the company diversified into the implementation of plastic extended producer responsibility programs for various organizations, which has become the largest business vertical of the company. Furthermore, in FY24, the company ventured into new additional businesses in the field of sustainability.
Object of the Issue
- To meet working capital requirements
- General corporate purposes
GEM Enviro Mgmt - PROMOTERS
| Name |
|---|
| Sachin Sharma |
| Dinesh Pareekh |
| Sangeeta Pareekh |
| Sarthak Agarwal |
| BLP Equity Research Private Limited |
GEM Enviro Mgmt Lead Manager of the Issue
Share India Capital Services Private Limited
anand.srivastava@shareindia.co.in
Fintellectual Corporate Advisors Private Limited
ipo@skylinerta.com
GEM Enviro Mgmt Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
GEM Enviro Mgmt Strengths
Built in processes
The company has built processes and a workforce to quickly learn and adapt to the extended producer responsibility requirements of other sectors
Brand recall
The company has in depth understanding of regulatory landscape for extended producer eesponsibility. It is also an emerging player in plastic EPR and has strong brand recall
GEM Enviro Mgmt Risks
Outstanding legal proceeding
There are outstanding legal proceedings involving the promoters of the company and the group companies. Any adverse decision in such proceedings may have a material adverse effect on the business
Dependent on few customers
The company is dependent on and derives a substantial portion of its revenue from a limited number of customers. A reduction in their orders could have a material adverse effect on the business
IPO FAQs
This IPO consists of an offer for sale of up to Rs 33.7 crore, of 4,492,800 shares. It also consists of a fresh issue of Rs 11.2 crore.
The promoters of the company are Sachin Sharma, Dinesh Pareekh, Sangeeta Pareekh, Sarthak Agarwal and BLP Equity Research Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 71.0 - 75.0.
The IPO application opens on Jun 19, 2024 and closes on Jun 21, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 113,600.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jun 24, 2024.
The refund will be credited to your account on Jun 25, 2024.
The allotted shares will be credited to your demat on Jun 25, 2024.
GEM Enviro Management Ltd.’s shares listed on the stock exchanges on Jun 26, 2024.