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SME IPO Status: Listed [19th Jun 2024 to 21st Jun 2024]
GEM Enviro IPO, a SME IPO of ₹44.93 Cr was launced on 19-06-2024 to 21-06-2024 and the shares got listed on BSE SME on 26-06-2024.
The public issue of GEM Enviro IPO (544199) was offered at ₹75.00 per share and the ipo was listed at ₹142.50. It has delivered listing gain of 90.00%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 108000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 19th Jun 2024 |
| SME IPO Issue Closing Date: | 21st Jun 2024 |
| SME IPO Issue Price: | ₹71.00-75.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹44.93 Cr |
| Offer for Sale: | ₹33.70 Cr |
| Fresh Issue: | ₹11.23 Cr |
| Face Value: | ₹5 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.44% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544199 |
Get important updates regarding GEM Enviro SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 24th Jun 2024 |
| Refunds Initiation* | 25th Jun 2024 |
| Credit of Shares to Demat* | 25th Jun 2024 |
| SME IPO Listing Date* | 26th Jun 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹71.00-75.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 3200 shares (2 lots)- ₹240000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-06-2024 | 75.00 | 72 | 87600 | ₹147 (96%) | 26-Jun-2024 10:30 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
GEM Enviro Management Limited (“GEM”) was established in 2013 to collect and recycle all types of packaging waste, including plastic waste. Subsequently, the company diversified into implementing Extended Producer Responsibility programmes for various organisations (to meet their obligations under the PWM Rules 2016 and its amendments), which has become the company's largest line of business.
The company offers the following services:
The company is involved in the trade of plastic waste and the sale of goods made from recycled waste. The company is committed to the sustainable management of plastic waste and environmental protection and offers its customers a range of services, including the collection and sorting of plastic waste, recycling and reuse, waste trading and environmental consulting.
| Incorporation | Sector | IPO Issue Size | Website |
| 2013 | Recycling & Waste Managment | ₹44.93 Cr | http://www.gemrecycling.com/ |
The Net Proceeds are proposed to be used in the manner
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,129,600 (28.56%) | 848,000 (21.44%) | 1,977,600 (50%) | 3,955,200 | |
| 1 | 19th Jun 2024 19:04 | 3.55x | 8.48x | 14.21x | 9.93x |
| 2 | 20th Jun 2024 19:04 | 3.60x | 22.45x | 47.29x | 29.48x |
| 3 | 21st Jun 2024 18:21 | 160.22x | 462.89x | 240.25x | 265.13x |
GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||
| Amount in ₹ Lakhs | ||||
Last Updated on 30-Jun-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase GEM Enviro SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply GEM Enviro SME IPO with Zerodha.
Alternate approch to apply in GEM Enviro SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
GEM Enviro SME IPO Review and Important Updates
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To subscribe or apply in GEM Enviro SME IPO, you can use the following methods:
| GEM Enviro SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in GEM Enviro SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in GEM Enviro SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in GEM Enviro SME IPO. Most of the Syndicate Banks provide access to apply in GEM Enviro IPO via ASBA process. You must have your net banking access, DP ID information to apply in GEM Enviro SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in GEM Enviro SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
GEM Enviro SME IPO Review and Important Updates
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GEM Enviro SME IPO is going to be list on 26-06-2024. BSE Code for GEM Enviro is 544199.
Other relevant questions:
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GEM Enviro SME IPO Allotment Date is 24-06-2024.
Other relevant questions:
GEM Enviro SME IPO share allotment date?GEM Enviro SME IPO allotment date?
