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Gem Enviro Management Ltd
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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
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Initial public issue of 59,90,400 equity shares of face value of Rs5/- each of Gem Enviro Management Limited ("Gem" or the "Company" or the "Issuer") for cash at a price of Rs75/- per equity share including a share premium of Rs70/- per equity share (the "Issue Price") aggregating to
Rs44.93 crores ("The Offer"), comprising a fresh issue of 14,97,600 equity shares aggregating to Rs11.23 crores by the company ("Fresh Issue") and an offer for sale of 44,92,800 equity shares ("Offered Shares") aggregating to Rs33.70 crores comprising of 11,23,200 equity shares aggregating to
Rs8.42 crores by Sachin Sharma, 9,29,600 equity shares aggregating to
Rs6.97 crores by Sangeeta Pareekh, 13,16,800 equity shares aggregating to Rs9.88 crores by BLP Equity Research Private Limited, and 11,23,200 equity shares aggregating to Rs8.42 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 Rs2.57 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 Rs5/- each at a price of Rs75/- per equity share including a share premium of Rs70/- per equity share aggregating to Rs42.36 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.
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Opens On
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Closes On
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Application
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Allotment
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19-Jun-24
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21-Jun-24
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Rs 75.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :1600 Further
Multiples of :1600
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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9.78
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| Fintellectual Corporate Advisors Pvt Ltd |
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Project Financed through Current Offer
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44.93
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Post Issue Equity Share Capital
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11.28
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Issue Price
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Rs 75.00
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