GEM Enviro Management Limited is a company engaged in plastic waste management (PWM). Their IPO is set to open on June 19th and close on June 21st, 2024.
Key Details of GEM Enviro IPO:
- Price Band: ₹71 to ₹75 per share
- Minimum Lot Size: 1600 shares
- Minimum Investment: ₹120,000 for retail investors
- Listing: BSE SME platform
- Tentative Listing Date: June 26, 2024
GEM Enviro IPO Purpose:
The company plans to use the funds raised through the IPO to meet working capital requirements and for general corporate purposes.
GEM Enviro IPO Review:
While the PWM segment is highly fragmented, GEM Enviro has over a decade of experience and long-term relationships with renowned customers. The issue appears fully priced based on annualized FY24 earnings but indicates potential growth in the PWM sector. Investors might consider this for medium to long-term rewards.