
✓
Open
19 Jun 2024
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Close
21 Jun 2024
3
Allotment
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Listing
Wed, Jun 26, 2024
Price Band
₹71 to ₹75
Issue Size
59,90,400 shares (agg. up to ₹45 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Jun 26, 2024
Latest GMP
₹72
Est. Gain
96%
✦ AI Insight
GMP Trend
26-06-2024₹72Est. ₹147+96%
25-06-2024₹72Est. ₹147+96%
24-06-2024₹72Est. ₹147+96%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 185.79x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 39.95 | 35.75 | 26.85 | 18.96 |
| Total Income | 26.39 | 42.81 | 32.91 | 25.61 |
| Profit After Tax | 8.40 | 10.02 | 7.45 | 5.83 |
| NET Worth | 31.03 | 24.12 | 17.14 | 10.15 |
| Reserves and Surplus | 20.51 | 23.81 | 16.78 | 9.79 |
| Total Borrowing | 0.02 | 0.02 | ||
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Z-Tech (India) Ltd. | SME | ₹37.30 Cr | ₹110 | 13.27 | ₹105.00 | -4.55% | ₹551.15 (-4.42%) |
| Organic Recycling Systems Ltd. | SME | ₹50.00 Cr | ₹200 | 25.54 | ₹225.75 | +12.88% | ₹229.85 (-0.35%) |
| Hi-Green Carbon Ltd. | SME | ₹52.80 Cr | ₹75 | 13.13 | ₹80.85 | +7.80% | ₹145.40 (+7.82%) |
| EMS Ltd. | Mainboard | ₹321.25 Cr | ₹211 | null | ₹279.90 | +32.65% | ₹417.05 (-3.55%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 7.00 |
| 2 | General corporate purposes | 2.78 |
About GEM Enviro Management IPO
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
Contact Details
GEM Enviro Management Ltd. AddressUnit No.203, Plaza-P 3Central Square, BaraHindu Rao,-NewDelhi, New Delhi, 110006011-49068377vijay.sharma@gemrecycling.comVisit Website