IPO

Gem Aromatics Limited IPO

Mainboard

Specialty Chemicals

Listed On: Aug 26, 2025 at ₹ 333.1(NSE)

₹ 14950 /46 Shares

Check Allotment

19 Aug, 2025

Open Date

21 Aug, 2025

Close Date

22 Aug, 2025

Allotment Date

26 Aug, 2025

Listing Date
Price Summary

Last Closing

248.56 (-23.52%)

52 Week High

349.60

52 Week Low

230.10

Last Update

6-Oct-2025 3:30 PM
Gem Aromatics IPO Live Subscription Details
QIB 55.28x
Retail 10.31x
NII 45.06x
BHNI 47.53x
SHNI 40.13x
Retail 10.31x
Total 30.27x
Last updated: 21 Aug 2025,06:42:00 PM
Gem Aromatics IPO Issue Details
  • Issue Price ₹309-325 per equity share
  • Face Value ₹2 Per Equity Share
  • Total Issue Size 1,38,84,615 shares(aggregating up to ₹451.25 crore)
  • Fresh Share 53,84,615 shares(aggregating up to ₹175 crore)
  • Offer For Sale 85,00,000 shares(aggregating up to ₹276.25 crore)
  • Listing at BSE, NSE
  • List Price 333.1(NSE)
  • Listing Date 2025-08-26
  • Lead Manager Motilal Oswal Investment Advisors Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 46 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)146₹14,950
Retail(max)13598₹1,94,350
SHNI(min) 14644₹2,09,300
SHNI(max) 663,036₹9,86,700
BHNI(min) 673,082₹10,01,650
Gem Aromatics IPO Reservation

Gem Aromatics IPO offers total 1,38,84,615 shares. Out of which 27,76,925 (20%) allocated to QIB, 20,82,692 (15%) allocated to NII,48,59,615 (35%) allocated to RII, NA (NA%) allocated to employees and 41,65,383 (30%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered41,65,383 (30%)
QIB Shares Offered27,76,925 (20%)
NII (HNI) Shares Offered20,82,692 (15%)
bNII < ₹10L13,88,462 (10%)
sNII < ₹10L6,94,231 (5%)
Retail Shares Offered48,59,615 (35%)
Employee Shares OfferedNA (NA%)
Total Shares Offered1,38,84,615 (100%)
Gem Aromatics IPO Documents
DRHP
RHP
ANCHOR
Gem Aromatics IPO Details


Gem Aromatics IPO is a book-built issue of ₹451.25 crores, The total issue size is ₹451.25 crores. The IPO of Gem Aromatics is priced at ₹309-325 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Aug 19, 2025 and ends on Aug 21, 2025. The allotment for Gem Aromatics IPO will be finalized on Aug 22, 2025. Gem Aromatics IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 26, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 46 shares, extendable to 14,950. S-HNIs will be able to bid for 644 shares at ₹2,09,300, while B-HNIs can also apply for a bid of 3,082 shares at ₹10,01,650. The book-running lead manager for the IPO is/are Motilal Oswal Investment Advisors Limited.

The total issue ₹451.25 crore, comprising a fresh issue of 53,84,615 shares ₹175 crore and having Offer for Sale (OFS) of 85,00,000 shares to mop up ₹276.25 crore.

The Gem Aromatics IPO sets its price band at 309-325 for each share. A single application for Gem Aromatics Limited IPO must contain at least 46 shares. Sentiment investors need to invest a minimum of 46 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,950 In order to participate in the sNII, investors must purchase at least 14 lots of 644 shares for ₹2,09,300, while the bNII requires 67 lots of 3,082 shares for an investment of ₹10,01,650.

Read More
Gem Aromatics IPO Subscription Analysis And Details
Retail
10.26x
QIB
55.28x
NII
45.05x
bNII
47.53x
sNII
40.09x
Total
30.25x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved27,76,92520,82,692
13,88,462    6,94,231		48,59,61597,19,232
Day 1 19-08-25 05:00 PM
1.05 x0.88
0.67 x   1.29 x		1.09 x1.03 x
Day 2 20-08-25 05:00 PM
1.54 x3.95
2.90 x   6.05 x		3.19 x2.90 x
Day 3 21-08-25 05:00 PM
55.28 x45.05
47.53 x   40.09 x		10.26 x30.25 x
Total No of Applications
10,58,256
Subscription on the basis of Applications
Retail:9.5x BHNI:9.5x SHNI:40.0x
Gem Aromatics Valuations
EPS Pre IPO ₹11.39/-
EPS Post IPO ₹10.22/-
P/E Pre IPO 28.52
P/E Post IPO 31.80
ROE 18.80%
ROCE 16.02%
Debt/Equity 0.78
RoNW 18.80%
PAT Margin 10.56%
Price to Book Value 5.36
Gem Aromatics Company Financials
In Crs.
In Cr.
31-Mar-2531-Mar-2431-Mar-23
Assets534.52230.55295.76
Revenue505.64454.23425.09
Profit After Tax53.3850.144.67
Net Worth283.98230.55179.53
Reserves & Surplus283.98230.55179.53
Total Borrowing222.37111.1389.36
About Gem Aromatics Company

Established in October 1997, Gem Aromatics Limited produces speciality ingredients such as essential oils, aroma chemicals, and Value-Added Derivatives in India and has more than two decades of experience. The company provides different products ranging from Mother Ingredients to Value-Added Derivatives.The products of the company are applied in oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, and personal care.

The company offers a total of seventy products, which are divided into four different categories and include:
Mint and its analogous substances;
Clove and its analogous substances;
Phenol; and
Other natural and synthetic substances.

The company as of September 30, 2024, has 170 domestic customers and 30 foreign customers spread over 13 countries in the Americas, Asia, Africa, and Australia.
The company markets its products directly to clients on a business-to-business basis, with export sales through channels such as (i) direct sales, (ii) sales through its subsidiary, Gem Aromatics LLC, in the USA, and (iii) sales through third-party intermediaries.
The company had an in-house R&D team of 15 scientists as of September 30, 2024, who played pivotal roles in utilizing state-of-the-art technology that upgraded our formulations in Value-Added Derivatives.

Read More
Gem Aromatics - Promoter(s)

Vipul Parekh

Kaksha Vipul Parekh

Yash Vipul Parekh

Parekh Family Trust

Pre Issue Share Holding : 75.0%

Post Issue Share Holding : 55.06%

Gem Aromatics IPO - Issue Objectives
1

Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and its Subsidiary, Krystal Ingredients Private Limited

2

General corporate purposes.

Gem Aromatics IPO - Anchor Investors

Gem Aromatics raises Rs 135.4 crore through anchor book before IPO.

Citigroup Global, Societe Generale, Goldman Sachs, Nippon India, SageOne, Nuvama, and Niveshaay Sambhav Fund were part of 13 institutional investors who took part in the anchor book.

Gem Aromatics IPO - Peers Comparison
P/B RatioP/E RatioRoNWRevenue(in Cr.)
Gem Aromatic5.3631.818.8%505
Clean Science8.9744.021.9%925
Privi Speciality8.5844.918.1%2196
Camlin Fine4.25101-15.9%1715
Yasho Industries5.01731.71%696
S H Kelkar2.4323.87.68%2234
Oriental Aromatics1.6646.35.31%938
Contact Details

Gem Aromatics

A/410, Kailas Complex, Vikhroli Powai Link Road, Park Site, Vikhroli (W), Mumbai, Maharashtra, 400079

+91 22 25185231

secretarial@gemaromatics.in

http://www.gemaromatics.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

gem.ipo@motilaloswal.com

https://kosmic.kfintech.com/ipostatus/