Gem Enviro Management Ltd - Prospectus Synopsis

Gem Enviro Management Ltd

Registered Office : Unit No 203 Plaza P 3 , Central Square Bara Hindu Rao , New Delhi - 110006 , New Delhi , India.

Phone : 011 4906 8377  Fax :

Email :info@gemrecycling.com    Website : www.gemrecycling.com

Initial public issue of 59,90,400 equity shares of face value of Rs. 5/- each of Gem Enviro Management Limited (Gem or the Company or the Issuer) for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 70/- per equity share (the Issue Price) aggregating to Rs. 44.93 crores (The Offer), comprising a fresh issue of 14,97,600 equity shares aggregating to Rs. 11.23 crores by the company (Fresh Issue) and an offer for sale of 44,92,800 equity shares (Offered Shares) aggregating to Rs. 33.70 crores comprising of 11,23,200 equity shares aggregating to Rs. 8.42 crores by Sachin Sharma, 9,29,600 equity shares aggregating to Rs. 6.97 crores by Sangeeta Pareekh, 13,16,800 equity shares aggregating to Rs. 9.88 crores by BLP Equity Research Private Limited, and 11,23,200 equity shares aggregating to Rs. 8.42 crores by Sarthak agarwal (collectively, Selling Shareholders and such offer for sale of equity shares by the selling shareholders, Offer for Sale). out of the offer, 3,42,400 equity shares aggregating to Rs. 2.57 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of 56,48,000 equity shares of face value of Rs. 5/- each at a price of Rs. 75/- per equity share including a share premium of Rs. 70/- per equity share aggregating to Rs. 42.36 crores is herein after referred to as the Net Offer. The offer and the net offer will constitute 26.56% and 25.05%, respectively, of the post issue paid up equity share capital of the company.

IssueMoney Payable On
Opens OnCloses OnApplicationAllotment
6/19/2024 12:00:00 AM 6/21/2024 12:00:00 AM Rs 75 - 0Rs 0 - 0
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
 Rs CrLead Managers to the Issue
Project Cost 9.78 Fintellectual Corporate Advisors Pvt Ltd
Project Financed through Current Offer 44.93  
Post Issue Equity Share Capital 9.78  
Issue PriceRs. 75 
Projects
To meet working capital requirements
Promoted ByListing AtRegistrar to the Issue
Dinesh Parekh
Sachin Sharma
Sangeeta Parekh
- Skyline Financial Services Pvt