
Environmental Services / Waste Management · BSE
GEM Enviro Management Limited, incorporated in February 2013, is a leading waste management company specializing in recycling all types of packaging waste, including plastic. The company offers a range of services, including EPR consultancy and fulfillment, industrial plastic waste collection and recycling, sales and marketing of recycled products, and ESG consulting and BRSR (Business Responsibility and Sustainability Reporting). GEM is also committed to raising awareness about responsible plastic waste disposal and recycling through educational programs. The company generates revenue by selling recycled products, promoting their environmental benefits and cost-effectiveness to business customers. In the fiscal year 2023-24, GEM expanded its services to include comprehensive ESG consulting, offering ESG audits, stakeholder engagement, materiality assessments, and benchmarking. With a diverse client base spanning industries like F&B, FMCG, Cement, Fertilizers, Packaging, and Consumer Goods—including major names like Bengal Beverages Private Limited and Varun Beverages Limited—GEM Enviro Management continues to make a significant impact in the sustainability sector. As of June 2024, the company operates with a dedicated team of 51 full-time employees.
Price Band
₹71 – ₹75
Issue Size
₹44.93 Cr
Lot Size
1600 shares
GMP
+96.0%
Est. Listing
₹147
at current GMP
Subscribed
265.22x
overall
Open
19 Jun 2024
Close
21 Jun 2024
Allotment
24 Jun 2024
Refund
25 Jun 2024
Demat Credit
26 Jun 2024
Listing
26 Jun 2024
Designated Registrar: Skyline Financial Services Private Limited
Allotment Date
24 Jun 2024
Basis finalization
Refunds Initiate
25 Jun 2024
Mandate release
Demat Credit
26 Jun 2024
Shares in demat
Listing Debut
26 Jun 2024
Trading begins
GEM Enviro Management Limited is bringing an initial public offering (IPO) in the Environmental Services / Waste Management sector with an aggregate issue size of ₹44.93 Crores. The shares are offered at a price band of ₹71 to ₹75 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-06-26, while un-allotted funds or UPI block mandates will be released on 2024-06-25.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.