Ashok Rathi

GEM Enviro Management Limited New IPO Detail Date 2024

GEM Enviro Management Limited was incorporated in 2013. GP Eco Solutions India IPO subscription opens from 19 June 2024 and issue closes on 21 June 2024. IPO Face value is Rs.5 per share. IPO Issue bid size is between Rs.71 to Rs.75 per share. The lot size is 1200 shares per lot. This is a Book Built Issue IPO.

  1. Company Share Holding, Pre Issue is 21,052,800 shares.
  2. Company Share Holding, Post Issue will be 22,550,400 shares.
  3. This IPO is Listing at BSE SME, on  26 June 2024.

Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book running lead managers for the GEM Enviro IPO, with Skyline Financial Services Private Ltd serving as the registrar. Share India Securities is the market maker for the GEM Enviro IPO.

GEM Enviro Management Limited IPO Timeline :

  1. GEM Enviro Management Limited IPO issue opens on 19 June and closes on 21 June 2024.
  2. Cut Off Time of UPI Payment is, 5pm on 21 June 2024.
  3. IPO Issue Basis of Allotment is, 24 June 2024.
  4. Who did not get the allotment of shares, Refunds Initiation begins from 25 June 2024.
  5. Who got the allotment, Shares will be Credited in their Demat Account by 25 June 2024.
  6. Finally IPO lists on 26 June 2024.

This is the IPO timeline of GEM Enviro Management Limited IPO.

GEM Enviro Management Limited IPO Reservations for Investor Categories :

QIB Shares Offered Not more than 50% of the Net Issue.

Retail Shares Offered Not less than 35% of the Net Issue.

NII (HNI) Shares Offered Not less than 15% of the Net Issue.

GEM Enviro Management Limited New IPO Detail Date 2024
GEM Enviro Management Limited New IPO Detail Date 2024

GEM Enviro Management Limited IPO Lot Size Minimum to Maximum allotment for Investors :

  1. Retail Investor can apply for Minimum, 1 lot which has 1600 shares and investing amount ₹ 120,000.
  2. Retail Investor Maximum apply for 1 lot, 1600 shares, amount ₹ 120,000.
  3. HNI Investor Minimum 2 lot, 3200 shares, amount ₹ 240,000.

An Intro About GEM Enviro Management Limited :

Incorporated in February 2013, GEM Enviro Management Limited is a waste management company specializing in recycling all types of packaging waste, including plastic. The company’s services are divided into 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 BRSR (Business Responsibility and Sustainability Reporting)

Through awareness programs, the company educates the public about proper plastic waste disposal and recycling. It generates revenue from selling recycled products, marketing these products to existing business customers by emphasizing their environmental benefits and cost-effectiveness.

In the fiscal year 2023-24, GEM started offering ESG consulting and BRSR services to clients. This includes comprehensive ESG consulting tailored to each client’s needs, such as assessing current ESG practices, identifying areas for improvement, and integrating sustainability into core business operations through thorough ESG audits, stakeholder engagement, materiality assessments, and benchmarking.

If you want to check the current IPO status of the on going IPO than here is the check list for IPO Subscription Status
Once you are satisfied with IPO subscription status and want to check the allotment status than click IPO Allotment Status
With the ongoing process of IPO market you can see the ups and downs of grey market premium here at IPO GMP Grey Market Premium
If you want to check out the listing day gain or loss of any IPO in 2024 or later years than click here IPO Performance Tracker
If you are interesting to know more about IPO than see Mainboard IPO List | SME IPO List | Upcoming IPO in 2024 | Rights Issue | NCD List

How to apply for GEM Enviro Management IPO Subscription ?

There are some simple steps to follow

  • First go to your brokers website and login there
  • 2nd after login see the IPO section and click there
  • 3rd click the IPO Service Bid button here
  • 4th enter and confirm your UPI id here, Fill quantity and price than submit this application form.
  • 5th Now visit your UPI app page and approve the amount transaction.
  • 6th Now Finally IPO Bidding process is completed. Now you have subscribed for this IPO application.

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