GEM Enviro Management Limited (BSE SME)
Jun 19, 2024 - Jun 21, 2024
| Price | ₹71 - ₹75 |
| Premium | ₹72 |
|---|---|
| Lot size | 1600 |
| Allotment | Jun 24, 2024 |
| Listing | Jun 26, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 120000 | 1236 |
| HNI | 2 | 3200 | 240000 | 530 |
Last updated on 21 Jun 2024 05:56:29 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1129600 | 180982400 | 160.22 |
| HNIs | 848000 | 392873600 | 463.29 |
| Retail | 1977600 | 475128000 | 240.25 |
| Total | 3955200 | 1048984000 | 265.22 |
| Total Application : 317,929 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹46.65 | @8% ₹53.31 | @9% ₹59.97 | @10% ₹66.64 | @11% ₹73.3 | @12% ₹79.97 |
GEM Enviro IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.01% | 1977600 |
| NII (HNI) | 14.16% | 848000 |
| QIB | 18.86% | 1129600 |
| Anchor | 28.26% | 1692800 |
| Market Maker | 5.72% | 342400 |
| Total | 100.00% | 5990400 |
GEM Enviro IPO Details
| Issue Size | 59,90,400 shares (aggregating up to ₹[44.93] Cr) |
| Fresh Issue | 1,497,600 shares (aggregating up to ₹[11.23] Cr) |
| Offer For Sale | 44,92,800 shares (aggregating up to ₹[33.70] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 21,052,800 |
| Share holding post issue | 22,550,400 |
| Market Maker portion | 342,400 shares Share India Securities |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 30.48% | 48.57% | 54.62% |
| ROCE | 36.55% | 55.98% | 58.15% |
| RONW | 30.48% | 48.57% | 54.62% |
| EPS (basic & diluted) | 3.99 | 4.75 | 3.53 |
| P/E (Pre IPO) | 15.76 | ||
| P/E (Post IPO) | 15.09 |
Company Financials
GEM Enviro Management Limited Financial Information (Restated)
GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 3,994.75 | 3,574.93 | 2,684.52 | 1,895.51 |
| Revenue | 2,639.11 | 4,280.57 | 3,291.48 | 2,560.58 |
| Profit | 840.42 | 1,001.82 | 745.23 | 583.38 |
| Net Worth | 3,103.32 | 2,411.51 | 1,713.57 | 1,015.14 |
| Reserves | 2,050.68 | 2,380.55 | 1,677.57 | 979.14 |
| Borrowing | 2.00 | 2.00 | ||
| Amount in ₹ Lakhs | ||||
About Company
Incorporated in February 2013, GEM Enviro Management Limited is a waste management company specializing in recycling all packaging waste, including plastic waste. The company's services encompass EPR consultancy and fulfilment for plastic waste, collection and recycling of industrial plastic waste, sales and marketing of recycled products, and ESG consulting and BRSR (Business Responsibility and Sustainability Reporting). Through awareness programs, GEM educates people about proper plastic waste disposal and recycling. The company generates revenue from selling recycled products, marketing them to existing business customers by emphasizing their environmental benefits and cost-effectiveness. In the fiscal year 2023-24, GEM expanded its offerings to include comprehensive ESG consulting tailored to client needs, covering ESG audits, stakeholder engagement, materiality assessments, and benchmarking. With a diverse portfolio of over 100 clients across various industries such as F&B, FMCG, Cement, Fertilizers, Packaging, and Consumer Goods, including prominent clients like Bengal Beverages Private Limited and Varun Beverages Limited, GEM Enviro Management operates with a dedicated team of 51 full-time employees as of June 2024.
Strength Factors
Regulatory Expertise: In-depth understanding of the regulatory landscape.
Adaptability: Established processes and workforce capable of quickly adapting to requirements in various sectors.
Brand Recognition: Emerging player in plastic EPR with strong brand recall.
Risk Factors
Legal Proceedings: Outstanding legal proceedings involving the promoters and group companies could adversely affect the business if decisions are unfavorable.
Working Capital Needs: Inability to meet sizeable working capital requirements may impact business operations and growth.
Supplier Dependence: Reliance on a few key suppliers could disrupt business operations if any major supplier is lost.
GEM Enviro IPO Lead Manager(s)
- Share India Capital Services Private Limited
- Fintellectual Corporate Advisors Private Limited
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php