Comparison between Gem Aromatics IPO and Indiqube Spaces IPO.
Gem Aromatics IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Indiqube Spaces 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 Indiqube Spaces IPO is up to ₹700.00 Cr. The final issue price of Gem Aromatics IPO is ₹325.00 per share and of Indiqube Spaces IPO is ₹237.00 per share.
| Gem Aromatics IPO | Indiqube Spaces IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹1 per share |
| Issue Price (Lower) | ₹309.00 per share | ₹225.00 per share |
| Issue Price (Upper) | ₹325.00 per share | ₹237.00 per share |
| Issue Price (Final) | ₹325.00 per share | ₹237.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹22.00 per share | |
| Market Lot Size | 46 shares | 63 shares |
| Fresh Issue Size | 53,84,615 shares | 2,74,32,636 shares |
| Fresh Issue Size (Amount) | up to ₹175.00 Cr | up to ₹650.01 Cr |
| OFS Issue Size | 85,00,000 shares | 21,09,704 shares |
| OFS Issue Size (Amount) | up to ₹276.25 Cr | up to ₹49.99 Cr |
| Issue Size Total | 1,38,84,615 shares | 2,95,42,340 shares |
| Issue Size Total (Amount) | up to ₹451.25 Cr | up to ₹700.00 Cr |
Gem Aromatics IPO opens on Aug 19, 2025, while Indiqube Spaces IPO opens on Jul 23, 2025. The closing date of Gem Aromatics IPO and Indiqube Spaces IPO is Aug 21, 2025, and Jul 25, 2025, respectively.
| Gem Aromatics IPO | Indiqube Spaces IPO | |
|---|---|---|
| Anchor Bid Date | Aug 18, 2025 | Jul 22, 2025 |
| Issue Open | Aug 19, 2025 | Jul 23, 2025 |
| Issue Close | Aug 21, 2025 | Jul 25, 2025 |
| Basis Of Allotment (Tentative) | Aug 22, 2025 | Jul 28, 2025 |
| Initiation of Refunds (Tentative) | Aug 25, 2025 | Jul 29, 2025 |
| Credit of Share (Tentative) | Aug 25, 2025 | Jul 29, 2025 |
| Listing date (Tentative) | Aug 26, 2025 | Jul 30, 2025 |
| Anchor Lockin End date 1 | Sep 20, 2025 | Aug 26, 2025 |
| Anchor Lockin End date 2 | Nov 19, 2025 | Oct 25, 2025 |
Gem Aromatics IPO P/E ratio is 28.52, as compared to Indiqube Spaces IPO P/E ratio of .
| Gem Aromatics IPO | Indiqube Spaces IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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)Indiqube Spaces Ltd.'s revenue increased by 27% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 75 | 70.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 55.06 | 60.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 28.52 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1697.71 Cr. | ₹4977.12 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.80% | -2.19% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.02% | 34.21% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.78 | -110.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹11.39 | ₹-7.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.80% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Gem Aromatics IPO Retail Individual Investors (RII) are offered 48,59,616 shares while in Indiqube Spaces IPO retail investors are offered 48,59,616 shares. Qualified Institutional Buyers (QIB) are offered 27,76,923 shares in Gem Aromatics IPO and 88,41,773 shares in Indiqube Spaces IPO.
| Gem Aromatics IPO | Indiqube Spaces IPO | |
|---|---|---|
| Anchor Investor Reservation | 41,65,383 shares | 1,32,62,658 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 27,76,923 shares | 88,41,773 shares |
| NII | 20,82,693 shares | 44,20,885 shares |
| RII | 48,59,616 shares | 29,47,257 shares |
| Employee | 0 shares | 69,767 shares |
| Others | ||
| Total | 1,38,84,615 shares | 2,95,42,340 shares |
Gem Aromatics IPO subscribed 30.45x in total, whereas Indiqube Spaces IPO subscribed 13.00x.
| Gem Aromatics IPO | Indiqube Spaces IPO | |
|---|---|---|
| QIB (times) | 53.76x | 15.12x |
| NII (times) | 45.96x | 8.68x |
| Big NII (times) | 48.48x | 8.35x |
| Small NII (times) | 40.91x | 9.34x |
| RII (times) | 10.49x | 13.28x |
| Employee (times) | 6.95x | |
| Other (times) | ||
| Total (times) | 30.45x | 13.00x |
