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News Details

12/06/2024 14:51

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GEM Enviro Manage announces launch of initial public offering

GEM Enviro Management Ltd. has announced public offering of 5990400 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 70.00 per share. The gross proceeds of the issue are expected to be Rs 4,492.80 lakhs.

The company's initial public offer (IPO) will open on 19 June 2024 and is expected to close on 21 June 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 71.00-75.00 per share.

The IPO includes a fresh Issue of 5990400 Equity Shares of the Company at an price of Rs 75.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

GEM Enviro Management Ltd. anticipates using the proceeds of the issue for .

Share India Capital Services Pvt. Ltd.,Fintellectual Corporate Advisors Pvt. Ltd. as lead manager(s) & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.