Comparison between Anand Rathi Share IPO and Gem Aromatics IPO.
Anand Rathi Share IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Gem Aromatics IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Anand Rathi Share IPO is up to ₹745.64 Cr whereas the issue size of the Gem Aromatics IPO is up to ₹451.25 Cr. The final issue price of Anand Rathi Share IPO is ₹414.00 per share and of Gem Aromatics IPO is ₹325.00 per share.
| Anand Rathi Share IPO | Gem Aromatics IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹2 per share |
| Issue Price (Lower) | ₹393.00 per share | ₹309.00 per share |
| Issue Price (Upper) | ₹414.00 per share | ₹325.00 per share |
| Issue Price (Final) | ₹414.00 per share | ₹325.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹25.00 per share | |
| Market Lot Size | 36 shares | 46 shares |
| Fresh Issue Size | 1,80,10,692 shares | 53,84,615 shares |
| Fresh Issue Size (Amount) | up to ₹745.64 Cr | up to ₹175.00 Cr |
| OFS Issue Size | 0 shares | 85,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹276.25 Cr |
| Issue Size Total | 1,80,10,692 shares | 1,38,84,615 shares |
| Issue Size Total (Amount) | up to ₹745.64 Cr | up to ₹451.25 Cr |
Anand Rathi Share IPO opens on Sep 23, 2025, while Gem Aromatics IPO opens on Aug 19, 2025. The closing date of Anand Rathi Share IPO and Gem Aromatics IPO is Sep 25, 2025, and Aug 21, 2025, respectively.
| Anand Rathi Share IPO | Gem Aromatics IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2025 | Aug 18, 2025 |
| Issue Open | Sep 23, 2025 | Aug 19, 2025 |
| Issue Close | Sep 25, 2025 | Aug 21, 2025 |
| Basis Of Allotment (Tentative) | Sep 26, 2025 | Aug 22, 2025 |
| Initiation of Refunds (Tentative) | Sep 29, 2025 | Aug 25, 2025 |
| Credit of Share (Tentative) | Sep 29, 2025 | Aug 25, 2025 |
| Listing date (Tentative) | Sep 30, 2025 | Aug 26, 2025 |
| Anchor Lockin End date 1 | Oct 25, 2025 | Sep 20, 2025 |
| Anchor Lockin End date 2 | Dec 24, 2025 | Nov 19, 2025 |
Anand Rathi Share IPO P/E ratio is 17.87, as compared to Gem Aromatics IPO P/E ratio of 28.52.
| Anand Rathi Share IPO | Gem Aromatics IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)Anand Rathi Share & Stock Brokers Ltd.'s revenue increased by 24% and profit after tax (PAT) rose by 34% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Gem Aromatics Ltd.'s revenue increased by 11% and profit after tax (PAT) rose by 7% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 98.06 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.9 | 55.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.87 | 28.52 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹2596.18 Cr. | ₹1697.71 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.12% | 18.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 21.32% | 16.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.80 | 0.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹23.17 | ₹11.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.12% | 18.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Anand Rathi Share IPO Retail Individual Investors (RII) are offered 62,13,769 shares while in Gem Aromatics IPO retail investors are offered 62,13,769 shares. Qualified Institutional Buyers (QIB) are offered 35,50,724 shares in Anand Rathi Share IPO and 27,76,923 shares in Gem Aromatics IPO.
| Anand Rathi Share IPO | Gem Aromatics IPO | |
|---|---|---|
| Anchor Investor Reservation | 53,26,086 shares | 41,65,383 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 35,50,724 shares | 27,76,923 shares |
| NII | 26,63,044 shares | 20,82,693 shares |
| RII | 62,13,769 shares | 48,59,616 shares |
| Employee | 2,57,069 shares | 0 shares |
| Others | ||
| Total | 1,80,10,692 shares | 1,38,84,615 shares |
Anand Rathi Share IPO subscribed 21.83x in total, whereas Gem Aromatics IPO subscribed 30.45x.
| Anand Rathi Share IPO | Gem Aromatics IPO | |
|---|---|---|
| QIB (times) | 46.25x | 53.76x |
| NII (times) | 30.16x | 45.96x |
| Big NII (times) | 32.01x | 48.48x |
| Small NII (times) | 26.45x | 40.91x |
| RII (times) | 5.11x | 10.49x |
| Employee (times) | 2.70x | |
| Other (times) | ||
| Total (times) | 21.83x | 30.45x |
