GEM Enviro Management SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the GEM Enviro Management IPO. Explore GEM Enviro Management IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
GEM Enviro Management Limited is a prominent company established in 2013, specializing in the collection and recycling of all kinds of packaging waste, including plastic waste. Over the years, GEM has expanded its services to include implementing Plastic Extended Producer Responsibility (EPR) programs, which have become the company's largest business vertical. GEM is committed to sustainable plastic waste management, offering a comprehensive range of services such as EPR consultancy, industrial plastic waste recycling, sales of recycled products, and ESG consulting. Additionally, GEM organizes awareness programs to educate the public on proper plastic waste disposal and recycling.
Key Points:
- Business Verticals:
- EPR Consultancy and Fulfillment: Helps organizations meet their obligations under the Plastic Waste Management (PWM) Rules 2016 and its amendments.
- Collection and Recycling: Manages the collection and recycling of industrial plastic waste, contributing 17.42% of revenue in FY 2022-2023.
- Sales and Marketing of Recycled Products: Although a smaller segment, it contributes to the company’s sustainability goals.
- ESG Consulting and BRSR: Provides Environmental, Social, and Governance (ESG) consulting and Business Responsibility and Sustainability Reporting (BRSR).
- Regulatory Compliance:
- GEM aligns with PWM Rules 2016, which mandate steps to minimize plastic waste, ensure segregation at source, and proper disposal.
- Works under the framework of Extended Producer Responsibility (EPR), involving Producers, Importers, and Brand Owners (PIBOs) in plastic waste management.
- Role as a PRO:
- GEM acts as a Producer Responsibility Organization (PRO), ensuring compliance with EPR requirements.
- Facilitates the collection, segregation, recycling, and safe disposal of plastic waste on behalf of producers.
- Market Position:
- Among the initial companies to register as a PRO with the Central Pollution Control Board (CPCB).
- Leverages market knowledge and strategic negotiations to secure favorable terms for plastic waste transactions.
- Adapts to regulatory changes to bridge gaps between regulatory demands, PIBOs, and recyclers.
Objects of the Issue
- To Meet Working Capital Requirements
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 19 Jun - 21 Jun 2024 |
| IPO Price Band | ₹ 71 - 75 per share |
| Fresh Issue | 14,97,600 shares (₹ 11.23 crore) |
| Offer For Sale | 44,92,800 shares (₹ 33.70 crore) |
| Total IPO Size | Approx ₹ 44.93 crore |
| Face Value | ₹ 5 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Jun 2024 |
| IPO Closing Date | 21 Jun 2024 |
| Basis Of Allotment | 24 Jun 2024 |
| Refunds | 25 Jun 2024 |
| Demat Transfer | 25 Jun 2024 |
| IPO Listing Date | 26 Jun 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 25.61 | 32.91 | 42.81 | 26.39 |
| Total Expenses | 17.82 | 22.94 | 29.31 | 15.05 |
| Net Profit/Loss | 5.83 | 7.45 | 10.02 | 8.40 |
| NPM (*) | 22.78 | 22.64 | 23.40 | 31.84 |
| Total Assets | 18.96 | 26.85 | 35.75 | 39.95 |
| Total Liabilities | 8.80 | 9.71 | 11.63 | 8.91 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 2.76 | 3.53 | 4.75 | 3.99 |
| ROE (%) | 83.23 | 54.62 | 48.57 | 30.48 |
| ROCE (%) | 76.58 | 58.15 | 55.98 | 36.55 |
| D/E Ratio | NA | NA | NA | NA |
| Current Ratio | 2.06 | 2.72 | 2.99 | 4.42 |
| EBITDA MARGIN (%) | 31.35 | 30.24 | 31.21 | 42.74 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 160.22 |
| Non-Institutional Investor (NII/HNI) | 462.89 |
| Retail Individual Investor (RII) | 240.25 |
| Total | 265.13 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Skyline Financial Services Private Limited
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Company Promoters
- MR. SACHIN SHARMA
- MRS. SANGEETA PAREEKH
- MR. DINESH PAREEKH
- MR. SARTHAK AGARWAL
- BLP EQUITY RESEARCH PRIVATE LIMITED
Lead Managers
- SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED
- FINTELLECTUAL CORPORATE ADVISORS PRIVATE LIMITED
Company Address
GEM Enviro Management Limited
Unit No.203, Plaza- P 3, Central Square, Bara Hindu Rao, Delhi 110006
Phone: 011-49068377
Email: vijay.sharma@gemrecycling.com
Website: www.gemrecycling.com
FAQs
- What is the issue size of the GEM Enviro Management SME IPO?The GEM Enviro Management SME IPO has an issue size of Approx ₹ 44.93 crore. This includes a fresh issue of 14,97,600 shares (₹ 11.23 crore) and an offer for sale (OFS) of 44,92,800 shares (₹ 33.70 crore).
- What is the price band of the GEM Enviro Management IPO?The price band for the GEM Enviro Management IPO is ₹ 71 - 75 per share.
- What are the bidding dates for the GEM Enviro Management IPO?The GEM Enviro Management IPO will open for bidding on 19 Jun 2024 and close on 21 Jun 2024.
- What is the allotment date for the GEM Enviro Management IPO?The allotment date for the GEM Enviro Management IPO is 24 Jun 2024.
- What is the listing date for the GEM Enviro Management IPO?The listing date for the GEM Enviro Management IPO is 26 Jun 2024.
- What is the GEM Enviro Management IPO grey market premium?The grey market premium (GMP) for the GEM Enviro Management IPO is currently at ₹72, with an expected listing gain of approximately 96%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.