GEM Enviro Management Limited is set to launch a book-built IPO, comprising 14.98 lakh shares. The entire issue is a fresh issuance of shares. Below are the crucial details and timeline for the IPO:
– **IPO Subscription Period:** June 19, 2024, to June 21, 2024
– **Price Bands:** Yet to be announced
– **Listing Platform:** BSE SME
– **Tentative Listing Date:** June 26, 2024
– **Allotment Finalization Date:** June 24, 2024
**IPO Specifics:**
– **Total Issue Size:** 14.98 lakh shares
– **Fresh Issue:** 14.98 lakh shares
– **Market Maker:** Share India Securities
– **Book Running Lead Managers:** Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited
– **Registrar:** Skyline Financial Services Private Ltd
**Share Allocation:**
– **Qualified Institutional Buyers (QIB):** Not more than 50% of the net offer
– **Retail Investors:** Not less than 35% of the net offer
– **Non-Institutional Investors (NII):** Not more than 15% of the net offer
**Important Dates:**
– **IPO Open Date:** June 19, 2024
– **IPO Close Date:** June 21, 2024
– **Allotment Date:** June 24, 2024
– **Initiation of Refunds:** June 25, 2024
– **Credit of Shares to Demat Accounts:** June 25, 2024
– **Listing Date:** June 26, 2024
– **Cut-off Time for UPI Mandate Confirmation:** 5 PM on June 21, 2024
**Promoter Information:**
The promoters of GEM Enviro Management Limited are Mr. Sachin Sharma, Mrs. Sangeeta Pareekh, Mr. Dinesh Pareekh, Mr. Sarthak Agarwal, and BLP Equity Research Private Limited. The shareholding structure is as follows:
– **Pre-Issue:** 100%
– **Post-Issue:** 73.44%
**Company Profile:**
Incorporated in February 2013, GEM Enviro Management Limited specializes in recycling all forms of packaging waste, including plastic waste. The company offers services in the following categories:
1. **EPR Consultancy and Fulfillment for Plastic Waste**
2. **Collection and Recycling of Industrial Plastic Waste**
3. **Sales and Marketing of Recycled Products**
4. **ESG Consulting and Business Responsibility and Sustainability Reporting (BRSR)**
The company also engages in awareness programs to educate the public about proper plastic waste disposal and recycling. Revenue is generated through the sale of recycled products, which are marketed to business customers emphasizing their environmental and cost benefits. Recently, GEM Enviro began offering ESG consulting and BRSR services, providing comprehensive consulting to help clients integrate sustainability into their operations.
GEM Enviro has a diverse clientele exceeding 100 businesses across industries such as F&B, FMCG, Cement, Fertilizers, Packaging, and Consumer Goods. Notable clients include Bengal Beverages Private Limited and Varun Beverages Limited.
As of June 2024, GEM Enviro Management Limited employs 51 full-time staff members.
**Financial Performance:**
GEM Enviro Management Limited has demonstrated significant growth between March 31, 2022, and March 31, 2023:
– **Revenue:** Increased by 30.05%
– **Profit After Tax (PAT):** Increased by 34.43%
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|——————-|————-|————-|————-|————-|
| **Assets** | 3,994.75 | 3,574.93 | 2,684.52 | 1,895.51 |
| **Revenue** | 2,639.11 | 4,280.57 | 3,291.48 | 2,560.58 |
| **Profit After Tax** | 840.42 | 1,001.82 | 745.23 | 583.38 |
| **Net Worth** | 3,103.32 | 2,411.51 | 1,713.57 | 1,015.14 |
| **Reserves and Surplus** | 2,050.68 | 2,380.55 | 1,677.57 | 979.14 |
| **Total Borrowing** | – | 2.00 | 2.00 | – |
(All amounts are in ₹ Lakhs)
**Key Performance Indicators (as of December 31, 2023):**
– **ROE:** 30.48%
– **ROCE:** 36.55%
– **RoNW:** 30.48%
– **PAT Margin:** 31.84%
**Earnings Per Share (EPS):**
– **Pre-IPO EPS:** ₹4.75
**Objectives of the Issue:**
The proceeds from the GEM Enviro IPO will be utilized for the following purposes:
1. **To Meet Working Capital Requirements:** The funds will be allocated to ensure the company has sufficient capital to support its day-to-day operations and growth initiatives.
2. **General Corporate Purposes:** This includes expenses related to corporate operations, such as administrative costs, strategic initiatives, and other corporate needs that contribute to the overall growth and sustainability of the company.
These objectives aim to enhance GEM Enviro’s operational capacity and support its expansion plans, ensuring the company can meet increasing demand and maintain its competitive edge in the waste management and recycling industry.
