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GEM Enviro Management IPO IPO

SME19 Jun 202421 Jun 2024
Open
19 Jun 2024
Close
21 Jun 2024
3
Allotment
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

26-06-202472Est. ₹147+96%
25-06-202472Est. ₹147+96%
24-06-202472Est. ₹147+96%

Live Subscription

CategorySubscription (times)
Total185.79x

Restated Financials (₹ Cr.)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets39.9535.7526.8518.96
Total Income26.3942.8132.9125.61
Profit After Tax8.4010.027.455.83
NET Worth31.0324.1217.1410.15
Reserves and Surplus20.5123.8116.789.79
Total Borrowing0.020.02
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Z-Tech (India) Ltd.SME₹37.30 Cr₹11013.27₹105.00-4.55%₹551.15 (-4.42%)
Organic Recycling Systems Ltd.SME₹50.00 Cr₹20025.54₹225.75+12.88%₹229.85 (-0.35%)
Hi-Green Carbon Ltd.SME₹52.80 Cr₹7513.13₹80.85+7.80%₹145.40 (+7.82%)
EMS Ltd.Mainboard₹321.25 Cr₹211null₹279.90+32.65%₹417.05 (-3.55%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1To Meet Working Capital Requirements7.00
2General corporate purposes2.78

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