GEM Enviro Management Limited IPO (GEM Enviro IPO)
- IPO Date19 Jun, 2024 to 21 Jun, 2024
- Listing Date26 Jun, 2024
- Face Value₹5 per share
- Issue Price-
- Lot Size-
- Minimum Investment-
- Listing AtBSE SME
- Total Issue Size14,97,600 Shares
- Fresh Issue14,97,600 Shares
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue2,10,52,800
- Shareholding post issue2,25,50,400
IPO Dates
Closing Date
21 Jun, 2024
Initiation of Refunds
25 Jun, 2024
Listing Date
26 Jun, 2024
19 Jun, 2024
Opening Date
24 Jun, 2024
Basis of Allotment
25 Jun, 2024
Credit of Shares
GEM Enviro Management Limited Promoter Holding
The company's promoters are Mr Sachin Sharma, Mrs Sangeeta Pareekh, Mr Dinesh Pareekh, Mr Sarthak Agarwal, and BLP Equity Research Private Limited.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.44% |
GEM Enviro Management Limited COMPANY INFORMATION
GEM Enviro IPO is a book built issue of 14.98 lakh shares. The issue is entirely a fresh issue of 14.98 lakh shares. GEM Enviro IPO opens for subscription on June 19, 2024 and closes on June 21, 2024. The allotment for the GEM Enviro IPO is expected to be finalized on Monday, June 24, 2024. GEM Enviro IPO will list on BSE SME with tentative listing date fixed as Wednesday, June 26, 2024. GEM Enviro IPO price bands are yet to be announced. Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book running lead managers of the GEM Enviro IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for GEM Enviro IPO is Share India Securities. Refer to GEM Enviro IPO RHP for detailed information.
Incorporated in February 2013, GEM Enviro Management Limited is a waste management company specialising in recycling all packaging waste, including plastic waste. The company's services can be divided into the following categories:
1. EPR consultancy and fulfilment for Plastic Waste
2. Collection and recycling of Industrial Plastic Waste
3. Sales and Marketing of recycled products
4. ESG Consulting and BRSR (Business Responsibility and Sustainability Reporting)
Through awareness programs, the company educates people about proper plastic waste disposal and recycling. It generates revenue from selling recycled products and markets these products to existing business customers, emphasizing their environmental benefits and cost-effectiveness.
In the fiscal year 2023-24, GEM began offering ESG consulting and BRSR services to clients. This encompasses comprehensive ESG consulting tailored to each client's needs, including assessing current ESG practices, identifying areas for improvement, and integrating sustainability into core business operations through thorough ESG audits, stakeholder engagement, materiality assessments, and benchmarking.
GEM Enviro Management has a diverse portfolio with over 100 clients across various industries, including F&B, FMCG, Cement, Fertilizers, Packaging, and Consumer Goods. Some prominent clients are Bengal Beverages Private Limited and Varun Beverages Limited.
As of June 2024, the company has 51 full-time employees.
FAQs About Gem Enviro Management Limited Ipo (Gem Enviro Ipo)
GEM Enviro Management Limited IPO will open on 19 Jun, 2024 and close on 21 Jun, 2024. Investors must apply within this period to participate.
The GEM Enviro Management Limited IPO price band is set between ₹0.00 and ₹0.00 per share. The minimum lot size is 0, requiring an investment of at least ₹0.00.
The GEM Enviro Management Limited IPO shares are expected to be listed on 26 Jun, 2024, subject to regulatory approvals and final allotment.
You can track your GEM Enviro Management Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The GEM Enviro Management Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.