GEM Enviro IPO vs GPES Solar IPO

Comparision between GEM Enviro IPO and GPES Solar IPO.

IPO Details

GEM Enviro IPO is a SME Book Built Issue IPO proposed to list at BSE SME while GPES Solar IPO is a SME Book Built Issue proposed to list at NSE SME.

	GEM Enviro IPO	GPES Solar IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Share India Capital Services Private Limited Fintellectual Corporate Advisors Private Limited	Corporate Capitalventures Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Share India Securities Limited	Ss Corporate Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of GEM Enviro IPO is up to ₹44.93 Cr whereas the issue size of the GPES Solar IPO is up to ₹30.79 Cr. The final issue price of GEM Enviro IPO is ₹75.00 per share and of GPES Solar IPO is ₹94.00 per share.

	GEM Enviro IPO	GPES Solar IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹90.00 per share
Issue Price (Upper)	₹75.00 per share	₹94.00 per share
Issue Price (Final)	₹75.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	14,97,600 shares	32,76,000 shares
Fresh Issue Size (Amount)	up to ₹11.23 Cr	up to ₹30.79 Cr
OFS Issue Size	44,92,800 shares
OFS Issue Size (Amount)	up to ₹33.70 Cr
Issue Size Total	59,90,400 shares	32,76,000 shares
Issue Size Total (Amount)	up to ₹44.93 Cr	up to ₹30.79 Cr

IPO Timetable

GEM Enviro IPO opens on Jun 19, 2024, while GPES Solar IPO opens on Jun 14, 2024. The closing date of GEM Enviro IPO and GPES Solar IPO is Jun 21, 2024, and Jun 19, 2024, respectively.

	GEM Enviro IPO	GPES Solar IPO
Anchor Bid Date		Jun 13, 2024
Issue Open	Jun 19, 2024	Jun 14, 2024
Issue Close	Jun 21, 2024	Jun 19, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 20, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 21, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 21, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 24, 2024
Anchor Lockin End date 1		Jul 20, 2024
Anchor Lockin End date 2		Sep 18, 2024

Financials

GEM Enviro IPO P/E ratio is 15.76, as compared to GPES Solar IPO P/E ratio of 21.44.

GEM Enviro IPO

GPES Solar IPO

Financial

GEM Enviro Management Limited Financial Information (Restated)

GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,994.75	3,574.93	2,684.52	1,895.51
Revenue	2,639.11	4,280.57	3,291.48	2,560.58
Profit After Tax	840.42	1,001.82	745.23	583.38
Net Worth	3,103.32	2,411.51	1,713.57	1,015.14
Reserves and Surplus	2,050.68	2,380.55	1,677.57	979.14
Total Borrowing			2.00	2.00
Amount in ₹ Lakhs

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,728.75	4,715.19	1,904.89	1,429.81
Revenue	7,858.88	10,447.63	8,352.99	4,652.91
Profit After Tax	473.27	369.82	277.17	96.94
Net Worth	1,298.08	824.81	454.98	177.81
Reserves and Surplus	578.08	804.81	434.98	157.81
Total Borrowing	1,544.79	1,316.52	517.55	351.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

86.4%

Promoter Shareholding (Post-Issue)

73.44%

62.23%

P/E Ratio

15.76

21.44

Market Cap

₹169.13 Cr.

₹110.08 Cr.

ROE

30.48%%

44.59%%

ROCE

36.55%%

26.51%%

Debt/Equity

1.11

EPS

₹4.76

₹4.38

RoNW

30.48%%

42.70%%

Shares Offered

In the GEM Enviro IPO retail investors (RII) are offered 19,77,600 shares while in GPES Solar IPO retail investors are offered 19,77,600 shares. Qualified institutional buyers (QIB) are offered 11,29,600 shares in GEM Enviro IPO and 5,89,200 shares in GPES Solar IPO.

	GEM Enviro IPO	GPES Solar IPO
Anchor Investor Reserveration	16,92,800 shares	8,83,200 shares
Market Maker Reserveration	3,42,400 shares	3,27,600 shares
QIB	11,29,600 shares	5,89,200 shares
NII	8,48,000 shares	4,44,000 shares
RII	19,77,600 shares	10,32,000 shares
Employee	0 shares	0 shares
Others
Total	39,55,200 shares	20,65,200 shares

Bids Received (Subscription)

GEM Enviro IPO subscribed 265.13x in total, whereas GPES Solar IPO subscribed 856.21x.

	GEM Enviro IPO	GPES Solar IPO
QIB (times)	160.22x	236.64x
NII (times)	462.89x	1,824.87x
Big NII (times)
Small NII (times)
RII (times)	240.25x	793.20x
Employee (times)
Other (times)
Total (times)	265.13x	856.21x

Compare with others

GEM Enviro IPO	GPES Solar IPO
Winny Immigration IPO	Medicamen Organics IPO
Medicamen Organics IPO	EnNutrica IPO
EnNutrica IPO	Falcon Technoprojects India IPO
Falcon Technoprojects India IPO	Durlax Top Surface IPO
Durlax Top Surface IPO	GEM Enviro IPO
GPES Solar IPO	United Cotfab IPO
United Cotfab IPO	3C IT IPO
3C IT IPO	Magenta Lifecare IPO
Magenta Lifecare IPO	Sattrix IPO
Sattrix IPO	Associated Coaters IPO

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