Gem Enviro Management Ltd

Gem Enviro Management Ltd IPO

IPO Price Range: ₹71 - 75

GEM Enviro Management Limited (GEM) is a forward-thinking company dedicated to addressing one of the most pressing environmental challenges of India: plastic waste management and the implementation of Extended Producer Responsibility (EPR) programs. GEM Enviro is specialising in collection and recycling of packaging waste and promotion of recycled green products. We are a Waste Management Agency (WMA) providing sustainability services to our clients and thereby addressing the profound environmental issues posed by waste. We provide a range of services, including EPR (Extended Producer Responsibility) compliance, Scrap Management, ESG (Environment, Social and Governance) Consulting, BRSR (Business Responsibility and Sustainability Reporting) Reporting, Project Advisory and Management of Plastic Credits, Sales and Marketing of recycled products, and Eco-Awareness Campaigns, adopting a closed-loop model that significantly reduces the environmental impact.

Min Investment

₹1,20,000

IPO Size

₹44 Cr

IPO Status

Closed

Quantity in 1 Lot

1600

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Gem Enviro Management Ltd

Open Date19 Jun 2024
Close Date21 Jun 2024
Allotment Date24 Jun 2024
Listing Date26 Jun 2024

IPO subscribed over

🚀 244.09x

This IPO has been subscribed by 240.25x in retail and 160.22x in QIB.

Subscription Rate

Total Subscription244.09x
Retail Individual Investors240.25x
Qualified Institutional Buyers160.22x
Non Institutional Investors330.03x

Key Statistics

Bid Opening DateBid Opening Date19 Jun 2024
Bid Closing DateBid Closing Date21 Jun 2024
Allotment DateAllotment Date24 Jun 2024
Issue SizeIssue Size₹44.93Cr
Quantity in 1 lotQuantity in 1 lot1600

Strength and risks

Strength

Strength

  • Expertise.

  • Innovation.

  • Sound understanding of the regulatory landscape.

  • Commitment to Transparency.

  • Relationship with other stakeholders in the value chain.


Risk

Risk

  • 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.

Promoters Holding

Investors Holdings %
Sachin Sharma21.77%
Sangeeta Parekh12.92%
Dinesh Parekh3.23%
Sarthak Agarwal25%
BLP Equity Research Pvt Ltd33.85%

About Gem Enviro Management Ltd

OrganisationGem Enviro Management Ltd
HeadquartersNew Delhi
IndustryMiscellaneous

Frequently Asked Questions

  • What is the size of the Gem Enviro Management Ltd IPO?

    The size of the Gem Enviro Management Ltd IPO is ₹44.93Cr .

  • What is 'pre-apply' for Gem Enviro Management Ltd IPO?

    'Pre-apply' for Gem Enviro Management Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Gem Enviro Management Ltd IPO order be placed?

    Your Gem Enviro Management Ltd IPO order will be placed on 19 Jun 2024.

  • What are the open and close dates of the Gem Enviro Management Ltd IPO?

    The open and close dates of the Gem Enviro Management Ltd IPO are 19 Jun 2024 to 21 Jun 2024.

  • What is the lot size and minimum order quantity of the Gem Enviro Management Ltd IPO?

    The lot size and minimum order quantity of the Gem Enviro Management Ltd IPO are 1600 and 1600 respectively.

  • What would be the listing gains on the Gem Enviro Management Ltd IPO?

    The potential listing gains on the Gem Enviro Management Ltd IPO will depend on various market factors and cannot be predicted with certainty.