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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹44.93 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹44.93 Cr |
| Fresh Issue | ₹8.66 Cr |
| Offer for Sale | ₹33.70 Cr |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹71.00-75.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544199 |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Share India Capital Services... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 7.00 |
| 2 | General corporate purposes | 2.78 |
| 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 | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 30.48% |
| ROCE | 36.55% |
| RoNW | 30.48% |
| PAT Margin | 31.84% |
| Price to Book Value | 5.09 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.76 | 4.97 |
| P/E (x) | 15.76 | 15.09 |
| Promoter Holding | 100.00% | 73.44% |
| Market Cap | ₹169.13 Cr. | |
