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.
Issue | Money Payable On | ||
---|---|---|---|
Opens On | Closes On | Application | Allotment |
6/19/2024 12:00:00 AM | 6/21/2024 12:00:00 AM | Rs 75 - 0 | Rs 0 - 0 |
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600 | |||
Rs Cr | Lead 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 Price | Rs. 75 |
Projects |
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To meet working capital requirements |
Promoted By | Listing At | Registrar to the Issue | |||
---|---|---|---|---|---|
| - | Skyline Financial Services Pvt |
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ATTENTION INVESTORS
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Risk Disclosure on Derivatives
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
We are ISO 27001:2013 Certified.
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.