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GEM Enviro Management Limited IPO : Important Info.

GEM Enviro Management Limited IPO is set to launch on 19 June, 2024. The company was incorporated in 2013. It is engaged in the business of collection and recycling of all kinds of Packaging waste including the Plastic Waste. Subsequently, the company diversified to implement Plastic Extended Producer Responsibility Programmes for various organisations to help fulfill their obligations as per PWM Rules 2016 and amendments. This segment has become the largest Business vertical of the Company, contributing to 82.41% of revenue in the year 2022-2023.

Further in year 2023-2024 the company has ventured into new additional businesses in the field of Sustainability and as on today the Company provides 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 Business Responsibility and Sustainability Reporting

Other Information

In addition, the company also organises awareness programmes for making people aware about proper disposal of plastic waste and the need for recycling on a regular basis. The company was committed to sustainable plastic waste management and environmental stewardship, providing a basket of services to its customers that includes but not limited to plastic waste collection and sorting, recycling and repurposing, waste trading, providing environment consultancy etc.

According to the management, the company is debt free and is operating on an asset light business model and is the emerging leader in the PWM segment. It has a market share of around 21-25% in the segment amongst unlisted peers and is the most preferred service provider amongst 200+ renowned industry players.

GEM Enviro Management Limited : IPO DETAILS

GEM Enviro Management Limited IPO is set to launch on 19 June, 2024. The subscription timeline extends till 21 June, 2024. The size for the IPO is Rs. 44.93 Crore. The issue is a combination of fresh issue of 14.98 lakh shares aggregating to Rs 11.23 crores and offer for sale of 44.93 lakh shares aggregating to Rs 33.70 crores. The lot size is 1600 shares and the price is Rs. 71 to Rs. 75 per share. The company is going to get listed at BSE SME Board. The face value per share is Rs.5 and this is a Book Built Issue. The registrar for the company is Skyline Financial Services Private Ltd.

Tabular Description of GEM Enviro Management Limited IPO

IPO OPENING DATE	19 June, 2024
CLOSING DATE FOR IPO	21 June, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	Rs. 5 per share
IPO price band	Rs. 71 to Rs. 75 per share
LOT SIZE	1600 shares
MINIMUM ORDER QUANTITY	1600 shares
ISSUE SIZE	Rs. 44.93 Crore
OFFER FOR SALE	Rs. 33.70 Crore
FRESH ISSUE	Rs. 11.23 Crore
LISTING AT	BSE SME Board
LISTING DATE	26 June, 2024

GEM Enviro Management Limited IPO: IMPORTANT DATES

IPO OPENING DATE	19 June, 2024
CLOSING DATE FOR IPO	21 June, 2024
IPO ALLOTMENT DATE	24 June, 2024
REFUNDS	25 June, 2024
DEMAT A/C CREDITED ON	25 June, 2024
IPO LISTING DATE	26 June, 2024

GEM Enviro Management Limited IPO begins for subscription from 19 June, 2024. The IPO subscription would continue till 21 June, 2024. The allotment status for the shareholders who applied would come on 24 June, 2024. The refunds for the ones who did not get allotment would be initiated on 25 June, 2024. The DEMAT accounts of shareholders would be credited on 25 June, 2024. The listing of the company would be completed on 26 June, 2024.

GEM Enviro Management Limited IPO: Lead Managers

The lead managers are :

Share India Capital Services Private Limited
Fintellectual Corporate Advisors Private Limited

The minimum and maximum lot size for retail investors is 1600 shares, amounting to Rs. 120000. The minimum lot size for HNI is 3200 shares, amounting to Rs. 240000.

	Lots	Shares	Amount
Retail (Minimum)	1	1600 shares	Rs. 120000
Retail (Maximum)	1	1600 shares	Rs. 120000
HNI (Minimum)	2	3200 shares	Rs. 240000

OBJECTIVES FOR THE IPO

To Meet Working Capital Requirements
General Corporate Purposes

COMPANY FINANCIALS

Particularly (in Rs. Lakhs)	2020-21	2021-22	2022-23	Dec-2023
Asset	1895.51	2684.52	3574.93	3994.75
Revenue	2560.58	3291.48	4280.57	2639.11
PAT	583.38	745.23	1001.82	840.42

GEM Enviro Management Limited had an asset base of Rs. 1895.51 Lakhs in 2021 which increased to Rs. 3574.93 Lakhs in 2023.The asset base of the firm jumped to Rs. 3994.75 Lakhs as on December 2023. The revenue for the company was Rs. 2560.58 Lakhs in 2021, which increased to Rs. 4280.57 Lakhs in 2023. The revenue for the period ending December 2023 was Rs. 2639.11 Lakhs. The profit of the company increased from Rs. 583.38 Lakhs in 2021 to Rs. 1001.82 Lakhs in 2023. The profit generated for the period ending December 2023 was Rs. 840.42 Lakhs.

PROS

Though the company is engaged in plastic waste management (PWM) segment which is highly fragmented one, its more than decade experience and long term relations with the renowned customers is attributed to its performance so far.
The company also organises awareness programmes for making people aware about proper disposal of plastic waste and the need of recycling on a regular basis.
It was committed to sustainable plastic waste management and environmental stewardship, providing a basket of services to its customers that includes but not limited to plastic waste collection and sorting, recycling and repurposing, waste trading, providing environment consultancy etc.
The company is debt free and is operating on an asset light business model and is the emerging leader in the PWM segment.
It has a market share of around 21-25% in the segment amongst unlisted peers and is the most preferred service provider amongst 200+ renowned industry players.

GEM Enviro Management Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the GEM Enviro Management Limited IPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in