Comparison between Gem Aromatics IPO and GSP Crop Science IPO.
Gem Aromatics IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while GSP Crop Science IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Gem Aromatics IPO is up to ₹451.25 Cr whereas the issue size of the GSP Crop Science IPO is up to ₹400.00 Cr. The final issue price of Gem Aromatics IPO is ₹325.00 per share and of GSP Crop Science IPO is ₹320.00 per share.
| Gem Aromatics IPO | GSP Crop Science IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹309.00 per share | ₹304.00 per share |
| Issue Price (Upper) | ₹325.00 per share | ₹320.00 per share |
| Issue Price (Final) | ₹325.00 per share | ₹320.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 46 shares | 46 shares |
| Fresh Issue Size | 53,84,615 shares | 75,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹175.00 Cr | up to ₹240.00 Cr |
| OFS Issue Size | 85,00,000 shares | 50,00,000 shares |
| OFS Issue Size (Amount) | up to ₹276.25 Cr | up to ₹160.00 Cr |
| Issue Size Total | 1,38,84,615 shares | 1,25,00,000 shares |
| Issue Size Total (Amount) | up to ₹451.25 Cr | up to ₹400.00 Cr |
Gem Aromatics IPO opens on Aug 19, 2025, while GSP Crop Science IPO opens on Mar 16, 2026. The closing date of Gem Aromatics IPO and GSP Crop Science IPO is Aug 21, 2025, and Mar 18, 2026, respectively.
| Gem Aromatics IPO | GSP Crop Science IPO | |
|---|---|---|
| Anchor Bid Date | Aug 18, 2025 | Mar 13, 2026 |
| Issue Open | Aug 19, 2025 | Mar 16, 2026 |
| Issue Close | Aug 21, 2025 | Mar 18, 2026 |
| Basis Of Allotment (Tentative) | Aug 22, 2025 | Mar 20, 2026 |
| Initiation of Refunds (Tentative) | Aug 25, 2025 | Mar 23, 2026 |
| Credit of Share (Tentative) | Aug 25, 2025 | Mar 23, 2026 |
| Listing date (Tentative) | Aug 26, 2025 | Mar 24, 2026 |
| Anchor Lockin End date 1 | Sep 20, 2025 | Apr 19, 2026 |
| Anchor Lockin End date 2 | Nov 19, 2025 | Jun 18, 2026 |
Gem Aromatics IPO P/E ratio is 28.52, as compared to GSP Crop Science IPO P/E ratio of 15.34.
| Gem Aromatics IPO | GSP Crop Science IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | 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.
| Company Financials (Restated Consolidated)
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| Promoter Shareholding (Pre-Issue) | 75 | 98.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 55.06 | 71.72 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 28.52 | 15.34 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1697.71 Cr. | ₹1488.60 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.80% | 18.38% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.02% | 19.80% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.78 | 0.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹11.39 | ₹20.87 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Gem Aromatics IPO Retail Individual Investors (RII) are offered 48,59,616 shares while in GSP Crop Science IPO retail investors are offered 48,59,616 shares. Qualified Institutional Buyers (QIB) are offered 27,76,923 shares in Gem Aromatics IPO and 25,00,000 shares in GSP Crop Science IPO.
| Gem Aromatics IPO | GSP Crop Science IPO | |
|---|---|---|
| Anchor Investor Reservation | 41,65,383 shares | 37,50,000 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 27,76,923 shares | 25,00,000 shares |
| NII | 20,82,693 shares | 18,75,000 shares |
| RII | 48,59,616 shares | 43,75,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 1,38,84,615 shares | 1,25,00,000 shares |
Gem Aromatics IPO subscribed 30.45x in total, whereas GSP Crop Science IPO subscribed 1.64x.
| Gem Aromatics IPO | GSP Crop Science IPO | |
|---|---|---|
| QIB (times) | 53.76x | 2.66x |
| NII (times) | 45.96x | 3.14x |
| Big NII (times) | 48.48x | 4.11x |
| Small NII (times) | 40.91x | 1.20x |
| RII (times) | 10.49x | 0.42x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 30.45x | 1.64x |
