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IPO

IPO Details


Gem Enviro Management Ltd
Registered Office: Unit No 203 Plaza P 3, Central Square Bara Hindu Rao, New Delhi - 110006, New Delhi
Phone: 011 4906 8377
Email: info@gemrecycling.com
Website: www.gemrecycling.com
Initial public issue of 59,90,400 equity shares of face value of Rs. 5/- each of Gem Enviro Management Limited (Gem or the Company or the Issuer) for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 70/- per equity share (the Issue Price) aggregating to Rs. 44.93 crores (The Offer), comprising a fresh issue of 14,97,600 equity shares aggregating to Rs. 11.23 crores by the company (Fresh Issue) and an offer for sale of 44,92,800 equity shares (Offered Shares) aggregating to Rs. 33.70 crores comprising of 11,23,200 equity shares aggregating to Rs. 8.42 crores by Sachin Sharma, 9,29,600 equity shares aggregating to Rs. 6.97 crores by Sangeeta Pareekh, 13,16,800 equity shares aggregating to Rs. 9.88 crores by BLP Equity Research Private Limited, and 11,23,200 equity shares aggregating to Rs. 8.42 crores by Sarthak agarwal (collectively, Selling Shareholders and such offer for sale of equity shares by the selling shareholders, Offer for Sale). out of the offer, 3,42,400 equity shares aggregating to Rs. 2.57 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of 56,48,000 equity shares of face value of Rs. 5/- each at a price of Rs. 75/- per equity share including a share premium of Rs. 70/- per equity share aggregating to Rs. 42.36 crores is herein after referred to as the Net Offer. The offer and the net offer will constitute 26.56% and 25.05%, respectively, of the post issue paid up equity share capital of the company.
Issue Money Payable On
Opens On Closes On Application Allotment
19-Jun-2024 21-Jun-2024 ₹ 75.00 ₹ 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
(₹)Cr. Lead Managers to the Issue
Project Cost 9.78 Fintellectual Corporate Advisors Pvt Ltd
Project Financed through Current Offer 44.93
Post Issue Equity Share Capital 11.28
Issue Price ₹75.00
Projects
To meet working capital requirements
General corporate purposes
Promoted By
Sachin Sharma
Sangeeta Parekh
Dinesh Parekh
Listing At
BSE - SME
Registrar to the Issue
Skyline Financial Services Pvt

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

17,573.30 -54.76 (-0.31%)

HANG SENG

18013.16 353.14(2.00%)