| Initial public issue of 59,90,400 equity shares of face value of Rs. 5/- each of Gem Enviro Management Limited ("Gem" or the "Company" or the "Issuer") for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 70/- per equity share (the "Issue Price") aggregating to
Rs. 44.93 crores ("The Offer"), comprising a fresh issue of 14,97,600 equity shares aggregating to Rs. 11.23 crores by the company ("Fresh Issue") and an offer for sale of 44,92,800 equity shares ("Offered Shares") aggregating to Rs. 33.70 crores comprising of 11,23,200 equity shares aggregating to
Rs. 8.42 crores by Sachin Sharma, 9,29,600 equity shares aggregating to
Rs. 6.97 crores by Sangeeta Pareekh, 13,16,800 equity shares aggregating to Rs. 9.88 crores by BLP Equity Research Private Limited, and 11,23,200 equity shares aggregating to Rs. 8.42 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 Rs. 2.57 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 Rs. 5/- each at a price of Rs. 75/- per equity share including a share premium of Rs. 70/- per equity share aggregating to Rs. 42.36 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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