Gem Enviro Management Ltd

GEM Enviro Management Limited (GEM) is a forward-thinking company dedicated to addressing one of the most pressing environmental challenges of India: plastic waste management and the implementation of Extended Producer Responsibility (EPR) programs. GEM Enviro is specialising in collection and recycling of packaging waste and promotion of recycled green products. We are a Waste Management Agency (WMA) providing sustainability services to our clients and thereby addressing the profound environmental issues posed by waste. We provide a range of services, including EPR (Extended Producer Responsibility) compliance, Scrap Management, ESG (Environment, Social and Governance) Consulting, BRSR (Business Responsibility and Sustainability Reporting) Reporting, Project Advisory and Management of Plastic Credits, Sales and Marketing of recycled products, and Eco-Awareness Campaigns, adopting a closed-loop model that significantly reduces the environmental impact.

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Gem Enviro Management Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
59.9 L44.93 LTBATBABSE₹ 44.93 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
19 Jun, 2421 Jun, 241600 ₹ 1,13,600 Book Building - SME26 Jun, 24

Gem Enviro Management Ltd IPO Details

Gem Enviro Management Ltd IPO Dates

  • 19 Jun 2024

    Opening date

  • 21 Jun 2024

    Closing date

  • 24 Jun 2024

    Basis of
    Allotment

  • 25 Jun 2024

    Initiation of
    Refunds

  • 25 Jun 2024

    Credit of
    Shares

  • 26 Jun 2024

    Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIBNA0NA
NIINA0NA
RetailNA0NA
EmployeeNA0NA
TotalNA5990400NA

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Gem Enviro Management Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations13.5510.038.09
EBITDA13.6010.098.39
PAT10.027.455.83
Total Assets34.2826.0417.90
Share Capital0.310.360.36
Total Borrowings0.430.710.45
Operating Activities (Net Cash)10.077.516.13
Investing Activities (Net Cash)0.60-0.06-0.04
Financing Activities (Net Cash)0.430.710.45
Net Cashflow11.886.883.86

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Gem Enviro Management Ltd

Our Company was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of Ganesha Enviro Management Private Limited bearing Corporate Identification Number U93000DL2013PTC247767 dated February 01, 2013, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter, the name of the Company was changed from Ganesha Enviro Management Private Limited to GEM Enviro Management Private Limited pursuant to special resolution passed by the shareholders at the Extra Ordinary General Meeting held on October 09, 2013, and consequent to name change a fresh Certificate of Incorporation was granted to our Company on November 04, 2013, by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently, our Company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Annual General Meeting, held on August 31, 2023, and consequently the name of our Company was changed from GEM Enviro Management Private Limited to GEM Enviro Management Limited vide a fresh certificate of incorporation dated October 18, 2023, issued by the Registrar of Companies, Delhi bearing CIN U93000DL2013PLC247767.

GLOBAL ECONOMIC OVERVIEW Global growth is forecast to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024. For advanced economies, the expected slowdown is from 2.6 percent in 2022 to 1.5 percent in 2023 and 1.4 percent in 2024, amid stronger-than-expected US momentum but weaker-than-expected growth in the euro area. Emerging market and developing economies are projected to have growth modestly decline, from 4.1 percent in 2022 to 4.0 percent in both 2023 and 2024, with a downward revision of 0.1 percentage point in 2024, reflecting the property sector crisis in China. Forecasts for global growth over the medium term, at 3.1 percent, are at their lowest in decades, and prospects for countries to catch up to higher living standards are weak. Global inflation is forecast to decline steadily, from 8.7 percent in 2022 to 6.9 percent in 2023 and 5.8 percent in 2024. But the forecasts for 2023 and 2024 are revised up by 0.1 percentage point and 0.6 percentage point, respectively, and inflation is not expected to return to target until 2025 in most cases. Global headline inflation has more than halved, from its peak of 11.6 percent in the second quarter of 2022 to 5.3 percent in the second quarter of 2023. About four-fifths of the gap between the 2022 peak and the pre-pandemic annual average level of 3.5 percent has closed. Among major economies, headline inflation in the second quarter of 2023 ranged from -0.1 percent in China to 2.8 percent in the euro area and 2.7 percent in the United States. A fall in energy prices and-to a lesser extent--in food prices has driven the decline in headline inflation. Notwithstanding a rebound in July, crude oil prices have declined during 2023 and are well below their June 2022 peak, on the back of lower global demand partly driven by tighter global monetary policy affecting activity. Natural gas prices also remain well below their 2022 peak, reflecting ample storage and supplies from Norway and northern Africa. Food prices have declined modestly in 2023, with lower demand offset by supply reductions, notably those resulting from Russia's withdrawal from the Black Sea Grain Initiative in July, which reduced the supply of wheat to the global market. The normalization of supply chains has further contributed to the decline in headline inflation in most countries. INDIAN ECONOMY OVERVIEW In the second quarter of fiscal year 2024, India's real GDP recorded a robust YoY growth of 7.6 percent, surpassing both the median forecasts of 6.8 percent by professional analysts and their highest projection of 7.4 percent. This resilient performance contributed to an overall real GDP growth of 7.7 percent in the first half of FY24, prompting the Reserve Bank of India (RBI) to revise its full-year growth projection from 6.5 percent to 7.0 percent. The driving forces behind this growth were strong domestic demand for both consumption and investment. Private Final Consumption Expenditure (PFCE) showed a growth of 4.5 percent, reaching its highest share in GDP (Current Prices) at 60.4 percent in the first half since FY12, excluding the pandemic year FY21. While urban consumption remains a primary driver, rural demand has also exhibited significant growth, indicating sustained momentum in the upcoming months. RECYCLING Recycling emerges as an environmentally conscious process that encompasses the transformation of used materials into fresh products, effectively preventing the squandering of potentially valuable resources. This sustainable practice plays a pivotal role in curbing the depletion of raw materials, minimizing energy consumption, and alleviating environmental issues like air pollution from incineration and water pollution from landfilling. By reducing the dependence on conventional waste disposal methods, recycling contributes significantly to the mitigation of greenhouse gas emissions. Within the realm of modern waste reduction strategies, recycling stands out as a crucial element, involving the reutilization of diverse products such as glass, paper, metal, plastic, textiles, and electronics. The recycling journey typically initiates with the delivery of materials to designated collection centres or curb side pickups, followed by meticulous sorting, cleaning, and reprocessing, ultimately yielding new materials poised for manufacturing. PLASTIC RECYCLING INDUSTRY Recycled plastics are the plastics that made from post-consumer or post-industrial plastics instead of the virgin resin. The process of recycling used plastic from consumable products is an efficient means to reprocess the material into useful products. Many different products make great sources of recyclable material, including: soda bottles, plastic packaging, sheets and pellets. Recycled plastic is used to make many different types of products. The type of product that is made out of recycled plastic depends on the type of plastic resin. There are several different types of plastic resin used to make different products, such as PET, PP, HDPE and LDPE. INDIA'S PLASTIC RECYCLING INDUSTRY India has a population of more than 1.4 billion and generates 26,000 tonnes of plastic waste - every day. This is the equivalent of approximately 26,000 small cars. The India Plastic Recycling market stood at approximately 5700 thousand tonnes in FY 2023 and is likely to grow at a steady CAGR of 5.84% in the forecast period by FY 20230. The plastic recycling industry in India is rapidly growing owing to the rise in the number of small-scale plants in the country and the increasing focus of non-governmental entities on the secondary use economy. Plastic recycling has various benefits such as financial benefits, reducing the need for the production of fresh plastics, creating employment, opportunities, and reducing energy consumption. Additionally, development in various industries such as packaging, and automotive, and policies and regulations by the government are driving the market. This can be attributed to the increasing environmental awareness and viable applicability of the products derived from plastic waste. Although this sector is mostly managed by unorganized local players, the Government of India has enforced plastic waste management rules that prohibit the use of single-use plastics that have low utility and high littering potential.

Peer Comparison:

  • No Listed Industry Peers

Gem Enviro Management Ltd IPO Key Points

Strengths

  • Expertise.
  • Innovation.
  • Sound understanding of the regulatory landscape.
  • Commitment to Transparency.
  • Relationship with other stakeholders in the value chain.

Risk

  • There outstanding legal proceeding involving the promoters of the company and its group companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • The company requires sizeable amounts of working capital for its continued operation and growth. Its inability to meet the company working capital requirements could have a material adverse effect on its business, results of operations and financial condition.
  • The company is dependent on and derive a substantial portion of its revenue from a limited number of customers. Cancellation by customers or a delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition.

Strategy

  • Diversification and Comprehensive Sustainability Services.
  • Broaden presence in current markets and explore entry into new geographical markets.
  • Promotion of Environmental Awareness and Acceptance of Recycled Merchandise.
  • Prominent Leadership and Strong Industry Relationships.
  • Innovation and Technology.

Gem Enviro Management Ltd IPO Key Points

  • Expertise.
  • Innovation.
  • Sound understanding of the regulatory landscape.
  • Commitment to Transparency.
  • Relationship with other stakeholders in the value chain.

How To Apply for Gem Enviro Management Ltd Online?

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Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Gem Enviro Management Ltd's IPO offers shares for up to ₹ 0 L It begins on Jun 19, 2024 and ends on Jun 21, 2024.

The price of Gem Enviro Management Ltd IPO ranges between ₹71 to ₹75 per share.

The Gem Enviro Management Ltd IPO opens on Jun 19, 2024 and closes on Jun 21, 2024.

The allotment for the Gem Enviro Management Ltd IPO will be finalised on Jun 24, 2024. The shares will be listed on BSE and NSE on Jun 26, 2024.

The minimum lot size for Gem Enviro Management Ltd IPO is 1600 shares, priced between ₹71 to ₹75 per share.

The GMP (Grey Market Premium) of Gem Enviro Management Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Gem Enviro Management Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Gem Enviro Management Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 19, 2024, and closes on Jun 21, 2024. The allotment is finalised on Jun 24, 2024.

To apply for the Gem Enviro Management Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.