Prior to its listing, GEM Enviro Management shares were trading with a Grey Market Premium (GMP) of Rs 70 in the unlisted market. The IPO, comprising entirely of a fresh equity issue of 59.9 lakh shares, was oversubscribed by over 200 times at closure, primarily fueled by robust interest from non-institutional investors. Proceeds from the public offer will be allocated towards funding working capital requirements and general corporate purposes.
Just Dial Q3 results: PAT jumps 43% YoY to Rs 131 crore, revenue up 8%
Just Dial reported a 43% YoY rise in Q3FY25 net profit to ₹131.31 crore, with revenue up 8.4% to ₹287.33 crore. Sequentially, profit declined 15%.
January 10, 2025