IPO Price Range: ₹71 - 75
Min Investment
₹1,20,000
IPO Size
₹44 Cr
IPO Status
Quantity in 1 Lot
1600
Max Bid allowed
1
Listing Exchange
BSE
IPO subscribed over
🚀 244.09x
This IPO has been subscribed by 240.25x in retail and 160.22x in QIB.
Total Subscription | 244.09x |
Retail Individual Investors | 240.25x |
Qualified Institutional Buyers | 160.22x |
Non Institutional Investors | 330.03x |
Bid Opening Date | 19 Jun 2024 |
Bid Closing Date | 21 Jun 2024 |
Allotment Date | 24 Jun 2024 |
Issue Size | ₹44.93Cr |
Quantity in 1 lot | 1600 |
Expertise.
Innovation.
Sound understanding of the regulatory landscape.
Commitment to Transparency.
Relationship with other stakeholders in the value chain.
There outstanding legal proceeding involving the promoters of the company and its group companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
The company requires sizeable amounts of working capital for its continued operation and growth. Its inability to meet the company working capital requirements could have a material adverse effect on its business, results of operations and financial condition.
The company is dependent on and derive a substantial portion of its revenue from a limited number of customers. Cancellation by customers or a delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition.
The Company is dependent on few numbers of suppliers for purchase of products. Loss of any of this large Suppliers may affect its business operations.
The company lack ownership of the registered office and other office used by the company. Any interference with its entitlements as the licensee/lessee or the cancellation of contracts with its licensors/ lessors could have a negative effect on the company activities and, as a result, its overall business.
Its Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
Its current assets and net worth are significantly influenced by trade receivables. Inadequate management of these receivables poses the risk of negatively impacting its net sales, profitability, cash flow, and liquidity.
As a component of its expansion strategy, the company plan to diversify its business activities by venturing into EPR compliances and offering consultancy services for the management of E-waste, Tire, and Battery Waste. However, the company cannot guarantee the profitability of these expansion initiatives or that they will not have an adverse impact on its business, operational outcomes, and financial standing.
The continued success of its business is heavily contingent on the expertise and involvement of its Promoters, senior management and other key personnel. and the loss of, or the companys inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.
The company lacks long-term agreements with clients, exposing it to uncertainties in the demand for its services. If the company faces challenges in retaining clients in the future, it could negatively impact its operational results.
Investors | Holdings % |
Sachin Sharma | 21.77% |
Sangeeta Parekh | 12.92% |
Dinesh Parekh | 3.23% |
Sarthak Agarwal | 25% |
BLP Equity Research Pvt Ltd | 33.85% |
Organisation | Gem Enviro Management Ltd |
Headquarters | New Delhi |
Industry | Miscellaneous |