The GEM Enviro IPO is a book-built issue valued at ₹44.93 crores. It comprises a fresh issue of 14.98 lakh shares (aggregating to ₹11.23 crores) and an offer for sale of 44.93 lakh shares (aggregating to ₹33.70 crores). The subscription window for the IPO of GEM Enviro opens on June 19, 2024, and will close on June 21, 2024. The allotment process is expected to be finalized on Monday, June 24, 2024. The company plans to list its shares on the BSE SME, with a tentative listing date set for Wednesday, June 26, 2024.
The price band for the GEM Enviro IPO is ₹71 to ₹75 per share. Retail investors can apply for a minimum lot size of 1600 shares, requiring an investment of ₹120,000. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (3,200 shares), totaling ₹240,000.
Notably, GEM Enviro operates in the environmental services sector, specializing in waste management and recycling solutions. The book running lead managers for this IPO is Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited, while Skyline Financial Services Private Ltd serves as the registrar for the issue. The market maker for the GEM Enviro IPO is Share India Securities.
GEM Enviro IPO Details:
| Company Name | GEM Enviro |
| Sector | Environmental Services |
| IPO Type | SME |
| IPO Open date | 19th June 2024 |
| IPO Close date | 21st June 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
GEM Enviro IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,20,000 |
| HNI (Min) | 2 | 3200 | 2,40,000 |
GEM Enviro IPO Timeline:
| IPO Open Date | 19th June 2024 |
| IPO Close Date | 21st June 2024 |
| Basis of Allotment | 24th June 2024 |
| Refund Initiation Date | 25th June 2024 |
| Shares Credit to Demat | 25th June 2024 |
| Listing Date | 26th June 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
