GEM Enviro IPO vs Medicamen Organics IPO

Comparision between GEM Enviro IPO and Medicamen Organics IPO.

IPO Details

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

	GEM Enviro IPO	Medicamen Organics 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	GYR Capital Advisors Private Limited
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Share India Securities Limited	Giriraj Stock Broking Private 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 Medicamen Organics IPO is up to ₹10.54 Cr. The final issue price of GEM Enviro IPO is ₹75.00 per share and of Medicamen Organics IPO is ₹34.00 per share.

	GEM Enviro IPO	Medicamen Organics IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹32.00 per share
Issue Price (Upper)	₹75.00 per share	₹34.00 per share
Issue Price (Final)	₹75.00 per share	₹34.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	4000 shares
Fresh Issue Size	14,97,600 shares	31,00,000 shares
Fresh Issue Size (Amount)	up to ₹11.23 Cr	up to ₹10.54 Cr
OFS Issue Size	44,92,800 shares
OFS Issue Size (Amount)	up to ₹33.70 Cr
Issue Size Total	59,90,400 shares	31,00,000 shares
Issue Size Total (Amount)	up to ₹44.93 Cr	up to ₹10.54 Cr

IPO Timetable

GEM Enviro IPO opens on Jun 19, 2024, while Medicamen Organics IPO opens on Jun 21, 2024. The closing date of GEM Enviro IPO and Medicamen Organics IPO is Jun 21, 2024, and Jun 25, 2024, respectively.

	GEM Enviro IPO	Medicamen Organics IPO
Anchor Bid Date		Jun 20, 2024
Issue Open	Jun 19, 2024	Jun 21, 2024
Issue Close	Jun 21, 2024	Jun 25, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 26, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 27, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 27, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 28, 2024
Anchor Lockin End date 1		Jul 26, 2024
Anchor Lockin End date 2		Sep 24, 2024

Financials

GEM Enviro IPO P/E ratio is 15.76, as compared to Medicamen Organics IPO P/E ratio of 30.53.

GEM Enviro IPO

Medicamen Organics 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

Medicamen Organics Limited Financial Information (Restated)

Medicamen Organics Limited's revenue increased by 10.13% and profit after tax (PAT) rose by 151% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,858.07	3,211.98	2,707.21	2,634.37
Revenue	2,528.96	2,296.24	2,118.67	2,505.96
Profit After Tax	240.41	95.78	9.23	29.81
Net Worth	1,518.40	851.71	755.92	746.72
Reserves and Surplus	658.40	251.71	155.92	146.72
Total Borrowing	1,265.65	1,179.50	1,024.57	958.97
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

81.21%

Promoter Shareholding (Post-Issue)

73.44%

P/E Ratio

15.76

30.53

Market Cap

₹169.13 Cr.

₹39.78 Cr.

ROE

30.48%%

19.90%%

ROCE

36.55%%

14.50%%

Debt/Equity

0.83

EPS

₹4.76

₹1.11

RoNW

30.48%%

15.83%

Shares Offered

In the GEM Enviro IPO retail investors (RII) are offered 19,77,600 shares while in Medicamen Organics IPO retail investors are offered 19,77,600 shares. Qualified institutional buyers (QIB) are offered 11,29,600 shares in GEM Enviro IPO and 5,84,000 shares in Medicamen Organics IPO.

	GEM Enviro IPO	Medicamen Organics IPO
Anchor Investor Reserveration	16,92,800 shares	8,76,000 shares
Market Maker Reserveration	3,42,400 shares	1,72,000 shares
QIB	11,29,600 shares	5,84,000 shares
NII	8,48,000 shares	4,40,000 shares
RII	19,77,600 shares	10,28,000 shares
Employee	0 shares	0 shares
Others
Total	39,55,200 shares	20,52,000 shares

Bids Received (Subscription)

GEM Enviro IPO subscribed 265.13x in total, whereas Medicamen Organics IPO subscribed 993.56x.

	GEM Enviro IPO	Medicamen Organics IPO
QIB (times)	160.22x	173.03x
NII (times)	462.89x	1,343.83x
Big NII (times)
Small NII (times)
RII (times)	240.25x	1,309.77x
Employee (times)
Other (times)
Total (times)	265.13x	993.56x

Compare with others

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