IPO Details

Bidding Dates

19 Jun '24 - 21 Jun '24

Minimum Investment

₹1,20,000 / 1 Lot ( 1,600 Shares )

Price Range

₹71 - ₹75

Maximum Investment

₹1,20,000 / 1 Lot ( 1,600 Shares )

Retail Discount

To be announced

Issue Size

₹44.93 Cr

Investor category and sub category

Retail Individual Investors  |   Non-Institutional Investors  |   Qualified Institutional Buyers (QIB)   |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 19, 2024

IPO Closing Date

Jun 21, 2024

Basis of Allotment

Jun 24, 2024

Initiation of Refunds

Jun 25, 2024

Credit of Shares to Demat

Jun 25, 2024

IPO Listing Date

Jun 26, 2024

Cut-off time for UPI mandate confirmation

Jun 21, 2024

About GEM Enviro Management Limited

GEM Enviro Management Limited (GEM), established in 2013, specializes in collecting and recycling various packaging wastes, including plastic waste. Over the years, GEM has diversified into implementing Plastic Extended Producer Responsibility (EPR) Programmes to help organisations comply with PWM Rules 2016 and its amendments.

This has become GEM's largest business vertical, contributing 82.41% of revenue in 2022-2023. The collection and recycling of industrial plastic waste accounted for 17.42% of revenue, while sales and marketing of recycled products made up 0.18% of revenue for the same period.

From 2013 to 2018, GEM primarily traded plastic waste material and merchandise made from recycled waste. Committed to sustainable plastic waste management, GEM offers comprehensive services, including plastic waste collection, sorting, recycling, repurposing, waste trading, and environmental consultancy.

The company leverages its promoters' field experience and market knowledge to secure favourable terms and prices in plastic waste trading transactions.

In 2023-2024, GEM expanded into additional sustainability-related services. Currently, GEM offers EPR consultancy and fulfilment for plastic waste, collection and recycling of industrial plastic waste, sales and marketing of recycled products, and ESG consulting and Business Responsibility and Sustainability Reporting (BRSR).

The company is also dedicated to raising awareness about proper plastic waste disposal and the importance of recycling through regular awareness programs.

Industry Outlook:

  1. India generates 26,000 tonnes of plastic waste daily, equivalent to 26,000 small cars, with only 30% being recycled annually.
  2. The India Plastic Recycling market, at 5700 thousand tonnes in FY 2023, is expected to grow at a 5.84% CAGR by FY 2030.

GEM Enviro Management Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funding our working capital requirements and
  2. General corporate purposes

Peer Details

There are no listed companies in India or abroad engaged in developing a similar line of product solutions to those of GEM Enviro Management Limited.

How To Check the Allotment Status of the GEM Enviro Management Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app.
  • Go to the Individual order details page of the IPO that you had applied for.
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Contact Details of GEM Enviro Management Limited

  • Registered office: Unit No.203, Plaza- P 3, Central Square, Bara Hindu Rao, Delhi 110006.
  • Phone: 011-49068377
  • E-mail: vijay.sharma@gemrecycling.com

IPO Financials

Particulars 9-Month period Ending on December 31, 2023 Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Revenue from Operations (in ₹ lakh) 2,620.94 4,253.02 3,280.00 2,551.42
Profit After Tax (PAT) (in ₹ lakh) 840.42 1,001.82 745.23 583.38
Cash & Cash Equivalents (in ₹ lakh) 324.93 356.74 526.13 306.55
Current Ratio (x) 4.42 2.99 2.72 2.06
Net Worth (in ₹ lakh) 3,103.32 2,411.51 1,713.57 1,015.14
Debt to Equity Ratio(x) 0 0 0 0
Return on Equity (ROE) (%) 30.48% 48.57% 54.62% 83.23%
Return on Capital Employed (RoCE) (%) 36.55% 55.98% 58.15% 76.58%
Diluted Earning Per Share (EPS)-in absolute ₹ 3.99 4.75 3.53 2.76

Know before investing

Strengths

6

  1. An emerging player in plastic EPR with strong brand recall.

  2. Strong relationships with recyclers and waste aggregators in the value chain.

  3. The huge and rapidly growing EPR market size offers growth potential.

  4. Significant opportunities in GEM's other business areas.

  5. High growth potential in waste tech using AI and Blockchain.

  6. Expertise in enviro tech industry enables leveraging cutting-edge technologies.

Risks

6

  1. High working capital needs may strain financial stability and growth.

  2. Dependency on top customers, 57.35% revenue from top 10 clients.

  3. Reliance on few suppliers; top 10 contribute 88.63% of purchases.

  4. Lack of ownership of key office spaces risks operational disruptions.

  5. Promoters’ control may conflict with minority shareholder interests.

  6. High trade receivables, 93.08% of total revenue in December 2023.

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GEM Enviro Management IPO FAQs

What is GEM Enviro Management IPO?

GEM Enviro Management Limited IPO is a book built IPO. The IPO will be open from June 19, 2024, to June 21, 2024.

When will GEM Enviro Management IPO be allotted?

The Basis of Allotment will happen on Monday, June 24, 2024.

When will GEM Enviro Management Ltd's IPO open for subscription?

The IPO subscription window will open on June 19, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for GEM Enviro Management Limited’s IPO is 1,600 shares with a minimum investment of ₹1,20,000.

When will GEM Enviro Management Ltd list on exchanges?

The listing date for GEM Enviro Management is Wednesday, June 26, 2024.

What would be the listing gains on the GEM Enviro Management Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the GEM Enviro Management Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for GEM Enviro Management Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approve the payment mandate.

Can I submit more than one application for the public issue of GEM Enviro Management Ltd using one PAN?

You can submit only one application using your PAN card.