Gem Aromatics IPO vs Regaal Resources IPO

Comparison between Gem Aromatics IPO and Regaal Resources IPO.

IPO Details

Gem Aromatics IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Regaal Resources IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Gem Aromatics IPO is up to ₹451.25 Cr whereas the issue size of the Regaal Resources IPO is up to ₹306.00 Cr. The final issue price of Gem Aromatics IPO is ₹325.00 per share and of Regaal Resources IPO is ₹102.00 per share.

 Gem Aromatics IPORegaal Resources IPO
Face Value₹2 per share₹5 per share
Issue Price (Lower)₹309.00 per share₹96.00 per share
Issue Price (Upper)₹325.00 per share₹102.00 per share
Issue Price (Final)₹325.00 per share₹102.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size46 shares144 shares
Fresh Issue Size53,84,615 shares2,05,87,520 shares
Fresh Issue Size (Amount)up to ₹175.00 Crup to ₹209.99 Cr
OFS Issue Size85,00,000 shares94,12,000 shares
OFS Issue Size (Amount)up to ₹276.25 Crup to ₹96.00 Cr
Issue Size Total1,38,84,615 shares2,99,99,520 shares
Issue Size Total (Amount)up to ₹451.25 Crup to ₹306.00 Cr

IPO Timetable

Gem Aromatics IPO opens on Aug 19, 2025, while Regaal Resources IPO opens on Aug 12, 2025. The closing date of Gem Aromatics IPO and Regaal Resources IPO is Aug 21, 2025, and Aug 14, 2025, respectively.

 Gem Aromatics IPORegaal Resources IPO
Anchor Bid DateAug 18, 2025Aug 11, 2025
Issue OpenAug 19, 2025Aug 12, 2025
Issue CloseAug 21, 2025Aug 14, 2025
Basis Of Allotment (Tentative)Aug 22, 2025Aug 18, 2025
Initiation of Refunds (Tentative)Aug 25, 2025Aug 19, 2025
Credit of Share (Tentative)Aug 25, 2025Aug 19, 2025
Listing date (Tentative)Aug 26, 2025Aug 20, 2025
Anchor Lockin End date 1Sep 20, 2025Sep 16, 2025
Anchor Lockin End date 2Nov 19, 2025Nov 15, 2025

Financials & KPIs

Gem Aromatics IPO P/E ratio is 28.52, as compared to Regaal Resources IPO P/E ratio of 17.58.

 Gem Aromatics IPORegaal Resources 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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets534.52368.57295.76
Total Income505.64454.23425.09
Profit After Tax53.3850.1044.67
EBITDA88.4578.3566.19
NET Worth283.98230.55179.53
Reserves and Surplus278.26224.88182.36
Total Borrowing222.37111.1389.36
Amount in ₹ Crore

Company Financials (Restated)

Regaal Resources Ltd.'s revenue increased by 53% and profit after tax (PAT) rose by 115% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets860.27585.97371.52
Total Income917.58601.08488.67
Profit After Tax47.6722.1416.76
EBITDA112.7956.3740.67
NET Worth235.41126.61104.41
Reserves and Surplus202.44125.12102.92
Total Borrowing507.05357.21188.93
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)7599.56
Promoter Shareholding (Post-Issue)55.0670.45
P/E Ratio28.5217.58
Market Cap₹1697.71 Cr.₹1047.79 Cr.
ROE18.80%20.25%
ROCE16.02%14.17%
Debt/Equity0.782.08
EPS₹11.39₹5.80
RoNW18.80%20.25%

Shares Offered

In the Gem Aromatics IPO Retail Individual Investors (RII) are offered 48,59,616 shares while in Regaal Resources IPO retail investors are offered 48,59,616 shares. Qualified Institutional Buyers (QIB) are offered 27,76,923 shares in Gem Aromatics IPO and 59,99,904 shares in Regaal Resources IPO.

 Gem Aromatics IPORegaal Resources IPO
Anchor Investor Reservation41,65,383 shares89,99,856 shares
Market Maker Reservation0 shares0 shares
QIB27,76,923 shares59,99,904 shares
NII20,82,693 shares44,99,928 shares
RII48,59,616 shares1,04,99,832 shares
Employee0 shares0 shares
Others
Total1,38,84,615 shares2,99,99,520 shares

Bids Received (Subscription)

Gem Aromatics IPO subscribed 30.45x in total, whereas Regaal Resources IPO subscribed 159.87x.

 Gem Aromatics IPORegaal Resources IPO
QIB (times)53.76x190.96x
NII (times)45.96x356.72x
Big NII (times)48.48x387.71x
Small NII (times)40.91x294.73x
RII (times)10.49x57.75x
Employee (times)
Other (times)
Total (times)30.45x159.87x

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Gem Aromatics IPO Vs Regaal Resources IPO