GEM ENVIRO MANAGEMENT LIMITED IPO
GEM ENVIRO MANAGEMENT LIMITED was a SME IPO, offered at ₹71–₹75 per share. The issue was subscribed 244.09× overall (QIBs 160.22×, NIIs 330.03×, retail 240.25×). It listed on 26 Jun 2024 at ₹142 and closed its first day at ₹150, a listing gain of +99.5% versus the ₹75 issue price. It now trades around ₹41 (-45.7% versus the issue price).
Frequently asked questions
- How many times was the GEM ENVIRO MANAGEMENT LIMITED IPO subscribed?
- The GEM ENVIRO MANAGEMENT LIMITED IPO was subscribed 244.09× overall — 160.22× in the QIB category, 330.03× among non-institutional investors, 240.25× in retail.
- What were the GEM ENVIRO MANAGEMENT LIMITED IPO listing gains?
- GEM ENVIRO MANAGEMENT LIMITED listed on 26 Jun 2024 at ₹142, closing its first day at ₹150 — a listing gain of +99.5% versus the ₹75 issue price.
- What were the retail allotment odds for the GEM ENVIRO MANAGEMENT LIMITED IPO?
- Retail was subscribed 240.25×, so a single-lot application had roughly a 0.4% chance of allotment (about 1 in 240), and allotment was finalised on 24 Jun 2024.
- What was the price band and lot size of the GEM ENVIRO MANAGEMENT LIMITED IPO?
- The price band was ₹71–₹75 per share.