Gem Aromatics IPO is a book build issue of ₹451.25 crores. The issue is a combination of fresh issue of 0.54 crore shares aggregating to ₹175.00 crores and offer for sale of 0.85 crore shares aggregating to ₹276.25 crores.
Gem Aromatics IPO bidding started from Aug 19, 2025 and ended on Aug 21, 2025. The allotment for Gem Aromatics IPO was finalized on Aug 22, 2025. The shares got listed on BSE, NSE on Aug 26, 2025.
Gem Aromatics IPO price band is set at ₹325.00 per share . The lot size for an application is 46. The minimum amount of investment required by an retail is ₹14,950 (46 shares) (based on upper price). The lot size investment for sNII is 14 lots (644 shares), amounting to ₹2,09,300, and for bNII, it is 67 lots (3,082 shares), amounting to ₹10,01,650.
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Gem Aromatics IPO RHP for detailed Information.
IPO Date | August 19, 2025 to August 21, 2025 |
Listing Date | August 26, 2025 |
Face Value | ₹2 per share |
Issue Price Band | ₹309 to ₹325 per share |
Issue Price Final | ₹325 per share |
Lot Size | 46 Shares |
Sale Type | Fresh Capital-cum-Offer for Sale |
Total Issue Size | 1,38,84,615 shares (aggregating up to ₹451.25 Cr) |
Fresh Issue | 53,84,615 shares (aggregating up to ₹175.00 Cr) |
Offer for Sale | 85,00,000 shares of ₹2 (aggregating up to ₹276.25 Cr) |
Issue Type | Bookbuilding IPO |
Listing At | BSE, NSE |
Share Holding Pre Issue | 4,68,52,523 shares |
Share Holding Post Issue | 5,22,37,138 shares |
Gem Aromatics IPO offers total 1,38,84,615 shares. Out of which 69,42,306 (50.00%) allocated to QIB, 27,76,923 (20.00%) allocated to QIB (Ex- Anchor), 20,82,693 (15.00%) allocated to NII, 48,59,616 (35.00%) allocated to RII and 41,65,383 (30.00%) allocated to Anchor investors.
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
QIB Shares Offered | 69,42,306 (50.00%) | NA |
− Anchor Investor Shares Offered | 41,65,383 (30.00%) | NA |
− QIB (Ex. Anchor) Shares Offered | 27,76,923 (20.00%) | NA |
NII (HNI) Shares Offered | 20,82,693 (15.00%) | NA |
− bNII > ₹10L | 13,88,462 (10.00%) | 2,155 |
− sNII < ₹10L | 6,94,231 (5.00%) | 1,077 |
Retail Shares Offered | 48,59,616 (35.00%) | 1,05,643 |
Total Shares Offered | 1,38,84,615 (100.00%) |
Gem Aromatics IPO raises ₹135.37 crore from anchor investors. Gem Aromatics IPO Anchor bid date is August 18, 2025. Gem Aromatics IPO Anchor Investors list
Bid Date | August 18, 2025 |
Shares Offered | 41,65,383 |
Anchor Portion Size (In Cr.) | 135.37 |
Anchor lock-in period end date for 50% shares (30 Days) | September 20, 2025 |
Anchor lock-in period end date for remaining shares (90 Days) | November 19, 2025 |
Gem Aromatics IPO opens on August 19, 2025, and closes on August 21, 2025.
IPO Open Date | Tue, Aug 19, 2025 |
IPO Close Date | Thu, Aug 21, 2025 |
Tentative Allotment | Fri, Aug 22, 2025 |
Initiation of Refunds | Mon, Aug 25, 2025 |
Credit of Shares to Demat | Mon, Aug 25, 2025 |
Tentative Listing Date | Tue, Aug 26, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 21, 2025 |
Investors can bid for a minimum of 46 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 46 | ₹14,950 |
Retail (Max) | 13 | 598 | ₹1,94,350 |
S-HNI (Min) | 14 | 644 | ₹2,09,300 |
S-HNI (Max) | 66 | 3,036 | ₹9,86,700 |
B-HNI (Min) | 67 | 3,082 | ₹10,01,650 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in October 1997, Gem Aromatics Limited manufactures speciality ingredients, including essential oils, aroma chemicals, and Value-Added Derivatives in India, with over two decades of experience. The company offers various products, from Mother Ingredients to Value-Added Derivatives.
The company's products are used in oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, and personal care.
The company provides a total of seventy products, categorized into four distinct groups, which include:
In Fiscal 2025, the company serves 225 customers and 44 international customers across 18 countries, including the Americas, Asia, Africa, and Australia.
The company sells products directly to customers on a business-to-business basis, with export sales through methods including (i) direct sales, (ii) sales via its subsidiary, Gem Aromatics LLC, in the USA, and (iii) sales through third-party agencies.
As of Mar 31, 2025, the company had an in-house R&D team of 13 scientists who pivotally implemented state-of-the-art technology that advanced our formulations in Value-Added Derivatives.
Competitive Strength
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
Assets | 534.52 | 368.57 | 295.76 |
Total Income | 505.64 | 454.23 | 425.09 |
Profit After Tax | 53.38 | 50.10 | 44.67 |
EBITDA | 88.45 | 78.35 | 66.19 |
Net Worth | 283.98 | 230.55 | 179.53 |
Reserves and Surplus | 278.26 | 224.88 | 182.36 |
Total Borrowing | 222.37 | 111.13 | 89.36 |
Amount in ₹ Crore |
The market capitalization of Gem Aromatics IPO is ₹1697.71 Cr.
KPI as of Mon, Mar 31, 2025.
KPI | Values |
---|---|
ROE | 18.80% |
ROCE | 16.02% |
Debt/Equity | 0.78 |
RoNW | 18.80% |
PAT Margin | 10.56% |
EBITDA Margin | 17.55% |
Price to Book Value | 5.36 |
Pre IPO | Post IPO | |
---|---|---|
EPS Rs | 11.39 | 10.22 |
P/E (x) | 28.52 | 31.8 |
The Company Gem Aromatics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
---|---|---|
1 | Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary, Krystal Ingredients Private Limited; and | 140.00 |
2 | General Corporate Purposes | 22.86 |
[Dilip Davda] GAL is engaged in manufacturing specialty ingredients, aroma chemicals and value-added derivatives. It posted growth in its top and bottom lines for the reported periods. It enjoys long term relations with its customers with repeat orders. Based on its recent financial data, the issue appears fully priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate funds for long term. Read detail review...
Listing Date | August 26, 2025 |
BSE Script Code | 544491 |
NSE Symbol | GEMAROMA |
ISIN | INE06XZ01023 |
Final Issue Price | ₹325 per share |
NSE Listing Group | EQ |
BSE Listing Group | B |
Gem Aromatics Ltd.
A/410, Kailas Complex, Vikhroli Powai Link
Road, Park Site,
Vikhroli (W)
Mumbai, Maharashtra, 400079
Phone: +91 22 25185231
Email: secretarial@gemaromatics.in
Website: http://www.gemaromatics.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: gem.ipo@motilaloswal.com
Website: https://ipostatus.kfintech.com/
Gem Aromatics IPO is a main-board IPO of 1,38,84,615 equity shares of the face value of ₹2 aggregating up to ₹451.25 Crores. The issue is priced at ₹325 per share. The minimum order quantity is 46.
The IPO opens on August 19, 2025, and closes on August 21, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gem Aromatics IPO using UPI as a payment gateway. Zerodha customers can apply in Gem Aromatics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gem Aromatics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gem Aromatics IPO opens on August 19, 2025 and closes on August 21, 2025.
Gem Aromatics IPO lot size is 46, and the minimum amount required for application is ₹14,950.
You can apply in Gem Aromatics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gem Aromatics IPO will be done on Friday, August 22, 2025, and the allotted shares will be credited to your demat account by Monday, August 25, 2025. Check the Gem Aromatics IPO allotment status.
The Gem Aromatics IPO listing date is on Tuesday, August 26, 2025.
Useful Articles