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GEM Enviro IPO
Price Band
₹71.0–75.0
Issue Size
₹44.93 Cr
Lot Size
1,600 shares
Min Investment
₹120,000
GMP
+₹72.0 (96.0%)
Issue Price
₹75.0
Subject to Sauda
₹87600
Paid only if allotted
GEM Enviro IPO AI Summary
- GEM Enviro IPO is listed on BSE SME in the Waste Management sector.
- Price band: ₹71.0–₹75.0 per share, lot size 1,600 shares (min. investment ₹120,000).
- Subscription window: 19 Jun–21 Jun 2024, listing on 26 Jun 2024.
- Current GMP is +₹72.0 (96.0%), an estimated listing price of ₹147 — unofficial and can change daily.
GEM Enviro Management Limited is a waste management company focused on recycling and sustainability. With a diverse client base and a range of services, the company aims to promote environmental responsibility while generating revenue through recycled products and consulting services.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
GEM Enviro IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 21 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
GEM Enviro IPO Grey Market Premium (GMP) Today
GMP
+₹72.0
GMP %
+96.0%
Est. Listing
₹147.0
Updated: 25 Jul 2026 14:05
About the Company
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.
Company Financials (₹ Cr)
As of 2023-12-31
| 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 |
Key Ratios
EPS
₹4.76
NAV
₹14.74
ROE
30.48%
ROCE
36.55%
RoNW
30.48%
P/B Value
5.09
P/E Ratio
15.76
Market Cap
₹169.13 Cr
PAT Margin
31.84%
Promoters
Sachin Sharma, Sangeeta Pareekh, Dinesh Pareekh, Sarthak Agarwal and BLP Equity Research Pvt.Ltd.
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹25.61 Cr in the fiscal year ending 31 Mar 2021, rising to ₹32.91 Cr by 31 Mar 2022, then increasing further to ₹42.81 Cr by 31 Mar 2023. However, in the most recent period ending 31 Dec 2023, total income decreased to ₹26.39 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹5.83 Cr in the fiscal year ending 31 Mar 2021, increasing to ₹7.45 Cr by 31 Mar 2022, and then rising to ₹10.02 Cr by 31 Mar 2023. In the latest period ending 31 Dec 2023, profit after tax was ₹8.40 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the premium at which shares of a company are traded in the grey market before their official listing. A high GMP indicates strong investor demand and potential for listing gains, while a low GMP may suggest weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and market conditions. It's important to consider the company's financial health and growth prospects.
Who May Want to Wait
Investors who are risk-averse or prefer stable investments may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainty.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on June 19, 2024, and closes on June 21, 2024. Allotment of shares will occur on June 24, 2024, with the listing date set for June 26, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and traded for the first time. While many investors seek listing gains, there is always a risk that the price may fall after listing due to market conditions or company performance.
This evaluation is generated from GEM Enviro's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is GEM Enviro IPO GMP today?
GEM Enviro IPO GMP today is +₹72.0 (96.0%), indicating an estimated listing price of ₹147. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of GEM Enviro IPO?
The price band of GEM Enviro IPO is ₹71.0–₹75.0 per share.
When does GEM Enviro IPO open and close?
GEM Enviro IPO opens on 19 June 2024 and closes on 21 June 2024.
When does GEM Enviro IPO list on the stock exchange?
GEM Enviro IPO listed on 26 June 2024 at ₹147.0.
What is the lot size for GEM Enviro IPO?
The lot size for GEM Enviro IPO is 1600 shares, requiring a minimum investment of ₹120,000.
What is the price band for GEM Enviro's IPO?
The price band for GEM Enviro's IPO is ₹71.0 to ₹75.0.
What is the minimum investment required?
The minimum investment required is ₹120,000.
What is the lot size for the IPO?
The lot size for the IPO is 1600 shares.
When does the IPO open and close?
The IPO opens on June 19, 2024, and closes on June 21, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the premium at which shares are traded before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 Jun 2024
Close
21 Jun 2024
Allotment
24 Jun 2024
Listing
26 Jun 2024
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