Schedule of GEM Enviro Management
| Issue open date | 19 Jun 2024 |
| Issue close date | 21 Jun 2024 |
| UPI mandate deadline | 21 Jun 2024 (5 PM) |
| Allotment finalization | 24 Jun 2024 |
| Refund initiation | 25 Jun 2024 |
| Share credit | 25 Jun 2024 |
| Listing date | 26 Jun 2024 |
| Mandate end date | 06 Jul 2024 |
| Lock-in end date for anchor investors (50%) | 24 Jul 2024 |
| Lock-in end date for anchor investors (remaining) | 22 Sep 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About GEM Enviro Management
GEM Enviro Management’s IPO is launching on June 19, 2024, with subscriptions closing on June 21, 2024. GEM Enviro Management Limited, established in 2013, initially focused on collecting and recycling various packaging waste, including plastic. Over time, it expanded its services, becoming a leader in implementing Plastic Extended Producer Responsibility Programmes.
These programs contributed significantly to its revenue. In addition to plastic waste collection and recycling, the company now offers EPR consultancy, industrial plastic waste collection, sales of recycled products, and ESG consulting. It also conducts awareness programs on proper plastic waste disposal. With expertise in plastic waste management, the company secured favourable terms for trading plastic waste.
Financials of GEM Enviro Management
Issue size
| Funds raised in the IPO | Amount |
| Overall | ₹44.93 crores |
| Fresh issue | ₹11.23 crores |
| Offer for sale | ₹33.70 crores |
*All figures except EPS are in ₹ Crores
Risks
- Lack of long-term client agreements poses operational uncertainty: The absence of long-term agreements exposes GEM Enviro Management Limited to demand uncertainties. Managing plastic waste for clients involves collection, reporting, and SOP formulation. Future challenges in retaining clients could impact operational results.
- Adapting to regulatory changes in Indian plastic waste management: GEM operates in a highly regulated environmental sector, governed by various laws. Swift adaptability is crucial for compliance. Government policy shifts could impact market dynamics.
- Reliance on third-party service providers in operations: Operations involve collaboration with third-party service providers to deliver waste management and recycling services. These partnerships expose the company to risks associated with potential disruptions or lapses in its services.
Note:
- The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
- The allotment status will be available by June 25, 2024, on the Registrar’s website and the BSE website.