
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
Overall Subscription
265.22x
Total Demand
QIB Multiplier
160.22x
Institutions & Funds
NII / HNI
463.29x
High Net-Worth
Retail (RII)
240.25x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,129,600 | 180,982,400 | 160.22x |
| NIB | 848,000 | 392,873,600 | 463.29x |
| RETAIL | 1,977,600 | 475,128,000 | 240.25x |
| Total | 3,955,200 | 1,048,984,000 | 265.22x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,310 | 314,728 | 240.25x |
| HNIs (10L +) | 8 | 3,706 | 463.29x |
| HNIs (2-10L) | 40 | 18,532 | 463.29x |
| Total Applications | 1,358 | 336,966 | 248.13x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for GEM Enviro Management Limited IPO is ₹72 per equity share. Based on the upper price band of ₹71 to ₹75 per equity share, the estimated listing price is ₹147 (+96.0% expected listing gain).
With a lot size of 1600 shares and current GMP of ₹72, the expected profit per application lot is approx ₹1,15,200 (+96.0% gain). Minimum application cost is approx ₹1,20,000.
The GEM Enviro Management Limited IPO aggregate issue size is ₹44.93 Crores with an equity price band set at ₹71 to ₹75 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,20,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 265.22x (Retail: 240.25x, QIB: 160.22x, NII: 463.29x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2024-06-24. Investors can verify status using PAN card or application number.
GEM Enviro Management Limited shares are scheduled to list on BSE on 2024-06-26.