GEM Enviro Management IPO GMP Today, Price Range and Company Details

GEM Enviro Management IPO offers shares at ₹71 to ₹75, with a ₹53 Grey Market Premium. Available in 1600 share lots, the subscription runs from June 19 to June 21, 2024.
GEM Enviro Management IPO GMP Today, Price Range and Company Details

As of June 18, 2024, GEM Enviro Management has ₹53 as Grey Market Premium, with a price range of ₹71 to ₹75 per share. Offering lots of 1600 shares, the subscription window is open from June 19 to June 21, 2024.

GEM Enviro Management Limited IPO GMP Today

The Grey Market Premium (GMP) for GEM Enviro Management Limited is ₹53 as of June 18, 2024. This assessment coincides with a price of ₹71 to ₹75 per share for the IPO.

GEM Enviro Management Limited IPO Review

GEM Enviro Management displayed mixed financial results, with rising revenues from ₹3,280.00 lakhs in March 2022 to ₹4,253.02 lakhs in March 2023, although falling short in the following nine months. Equity, liabilities, and asset growth hint at expansion, while improved PAT to ₹840.42 lakhs by December 2023 boosts investor confidence.

Despite a decline in RoNW from 54.62% to 30.48%, indicating reduced efficiency in generating shareholder returns, EPS growth from ₹3.53 to ₹3.99 suggests higher profitability. The increase in inventory turnover ratio points to either quick sales or more effective inventory management.

To get a full IPO review, click here GEM Enviro Management 

GEM Enviro Management Limited IPO Date

GEM Enviro Management Limited will start accepting subscriptions from June 19, 2024 to June 21, 2024

GEM Enviro Management Limited IPO Price

GEM Enviro Management Limited’s price range is ₹71 to ₹75 per share with a face value of ₹5 each.

GEM Enviro Management Limited

Founded in 2013, GEM Enviro Management Limited focuses on sustainable plastic waste management, offering EPR consultancy, recycling, and ESG consulting. Following the 2016 Plastic Waste Management Rules, GEM expanded services, trading in recycled materials and introducing sustainability programs by 2024, capitalising on market knowledge to enhance plastic waste trade terms.

How To Apply For GEM Enviro Management Ltd IPO?

To apply for the GEM Enviro Management through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for GEM Enviro Management on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the GEM Enviro Management IPO at Alice Blue in just a few clicks!

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