GEM ENVIRO MANAGEMENT LIMITED is a leading Waste Management Agency (WMA) providing variety of sustainability services to its clients. GEM is committed to a sustainable future and is focused towards making businesses across the world sustainable by providing sustainable solutions to its clients.
GEM Enviro IPO, a Book Built issue amounting to ₹44.92 crores, consists of a fresh issue of 14.97 Lakhs shares aggregating to ₹11.23 crores and an offer for sale of 44.92 Lakhs shares totaling ₹33.69 crores. The subscription period for the IPO opens on June 19, 2024, and closes on June 21, 2024. The allotment is expected to be finalized on or about Tuesday, June 25, 2024, with a tentative listing date on the BSE SME scheduled on or about Wednesday, June 26, 2024.
The price band of GEM Enviro IPO is set at ₹71 to ₹75 per share, with a minimum lot size of 1600 shares. Retail investors are required to invest a minimum of ₹120,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3200 shares), amounting to ₹240,000.
SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED and FINTELLECTUAL CORPORATE ADVISORS PRIVATE LIMITED is the book-running lead manager, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar. Share India Securities Limited is also the market maker for the GEM Enviro IPO.
Grey Market Premium (GMP) of GEM Enviro Management Limited
The Grey Market Premium is expected in the range of Rs. 55 - Rs. 60 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Objectives of GEM Enviro Management Limited
GEM Enviro intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1. To Meet Working Capital Requirements
2. General corporate purposes
Refer to GEM Enviro Management Limited RHP for more details about the Company.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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