Gem Enviro Management IPO
IPO Details
- Open Date
19 Jun 2024
- Close Date
21 Jun 2024
- IPO Price Range
₹ 71 to ₹ 75
- IPO Size
₹ 44.93 Cr
- Listing Exchange
BSE SME
- Listing Date
26 Jun 2024
IPO Timeline
Gem Enviro Management IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Jun-24 | 3.55 | 8.48 | 14.21 | 9.93 |
| 20-Jun-24 | 3.60 | 22.45 | 47.29 | 29.48 |
| 21-Jun-24 | 160.22 | 462.89 | 240.25 | 265.13 |
Last Updated: 05 July 2024 10:36 AM by 5Paisa
Last Updated: 21st June, 2024 by 5paisa
GEM Enviro IPO is all set to open from 19th June to 21st June 2024. The company operates as a waste management company. The IPO includes a fresh issue of 1,497,600 shares worth ₹11.23 cr. and an Offer for Sale (OFS) of 4,492,800 shares worth ₹33.70 cr. The total IPO size is ₹44.93 cr. The share allotment date is 24th June 2024, and the IPO will be listed on 26th June 2024 on the stock exchanges. The price band is ₹71 to ₹75 and the lot size is 1600 shares.
Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book-running lead managers for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of the Issue
GEM Enviro Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● General corporate purposes.
Established in 2013, GEM Enviro operates as a waste management company. The company has four business verticals including i). EPR consultancy and fulfillment for Plastic Waste ii) Collection and recycling of Industrial Plastic Waste iii) Sales and Marketing of recycled products iv) ESG Consulting and BRSR (Business Responsibility and Sustainability Reporting.
GEM Enviro is also a Producer Responsible Organizations (PROs). It is ISO 45001:2018 certified and also has gotten awards like Times Business Awards North 2023 – For being a Recycling Partner.
Peer Comparison
No listed peers.
For More Information:
Webstory on GEM Enviro IPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 42.53 | 32.80 | 25.51 |
| EBITDA | 13.55 | 10.03 | 8.09 |
| PAT | 10.01 | 7.45 | 5.83 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 35.74 | 26.84 | 18.95 |
| Share Capital | 0.31 | 0.36 | 0.36 |
| Total Borrowings | 11.63 | 9.70 | 8.80 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 8.45 | 3.45 | 0.23 |
| Net cash from / (used in) investing activities | -0.40 | 0.037 | 0.042 |
| Net cash flow from / (used in) financing activities | -3.05 | -0.47 | -0.25 |
| Net increase (decrease) in cash and cash equivalents | 4.99 | 3.02 | 0.022 |
Strengths
1. The company has extensive experience and expertise in the field it is operating in.
2. Commitment to Transparency is a big plus.
3. The company believes in innovation and works to explore new systems and strategies to improve recycling and reduce waste,
4. It possesses a sound understanding of the regulatory landscape.
5. It has strong relationships across the entire value chain.
Risks
1. The company operates in a highly regulated sector and competitive landscape.
2. It has reported negative cash flow in the past.
3. High working capital requirements.
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FAQs
GEM Enviro IPO opens from 19th June to 21st June 2024.
The size of GEM Enviro IPO is ₹44.93 cr.
To apply for GEM Enviro IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the GEM Enviro IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The price band of GEM Enviro IPO is fixed at ₹71 to ₹75 per share.
The minimum lot size of GEM Enviro IPO is 1600 shares and the investment required is ₹1,13,600.
The share allotment date of GEM Enviro IPO is 24th June 2024.
The GEM Enviro IPO will be listed on 26th June 2024.
Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book-running lead managers for GEM Enviro IPO.
GEM Enviro Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● General corporate purposes.
