GEM Enviro IPO

GEM Enviro Management's IPO worth INR 44.93 crores includes a fresh issue of INR 11.23 crores and an offer to sell 33.73 crores to meet working capital and corporate needs.

Important Details

Open Date : June 19, 2024 Close Date : June 21, 2024 Allotment Date: June 24, 2024 Listing Date: June 26, 2024

Important Details

IPO Price: INR 71-75 per share Lot Size: 1600 Shares Total Issue Size: INR 44.93 crore

Fundamental Analysis

GEM Enviro IPO analysis shows mixed performance: 1. Revenue increased overall. 2. 9 month period fell short compared to the previous year. 3. Equity, liabilities & assets grew. Profitability & EPS improved & RoNW declined 5. Higher inventory turnover indicates rapid sales.

Peer Comparison

Industry: Waste Management. Services: EPR compliance, scrap management, ESG consulting, BRSR reporting, project advisory, plastic credits management, recycled product sales, eco-awareness campaigns. No listed industry peers.


GEM Enviro Main objective is to  Meeting working capital requirements.

Risks And Challenges

GEM Enviro Management Ltd risks: 1. Legal proceedings involving promoters. 2. Heavy dependence on trade receivables for working capital. 3. Reliance on a limited customer, Potential adverse impacts on business stability.