Gem Aromatics IPO
Gem Aromatics IPO
Overview
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 opened for subscription on Aug 19, 2025 and will close on Aug 21, 2025. The allotment for the Gem Aromatics IPO is expected to be finalized on Aug 22, 2025. Gem Aromatics IPO will list on BSE, NSE with a tentative listing date fixed as Aug 26, 2025. Gem Aromatics IPO price band is set at ₹309.00 to ₹325.00 per share . The lot size for an application is 46. The minimum amount of investment required by an retail is ₹14,214 (46 shares). 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.
Total Shares
1,38,84,615
Issue Size
₹451.25 Cr
Price Band
₹309 – ₹325
Lot Size
46 shares
Min. Investment
₹14,950
Max. Investment
₹1,94,350
Open Date
19 Aug, 2025
Close Date
21 Aug, 2025
Allotment
22 Aug, 2025
Listing
26 Aug, 2025
Max. Investment
₹1,94,350
Announced
19 Aug, 2025
Opening Date
19 Aug, 2025
Closing Date
21 Aug, 2025
Basis of Allotment
22 Aug, 2025
Initiation of Refunds
25 Aug, 2025
Credit of Shares
25 Aug, 2025
Listing Date
26 Aug, 2025
Live GMP
Est. Listing: ₹353
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Gem Aromatics IPO
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, cat
Gem Aromatics IPO Share Price
Issue Breakdown
Shareholding
Dilution: 11.5% increase in shares
Gem Aromatics IPO Promoters Holding
Gem Aromatics IPO Financial Health
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.
Gem Aromatics IPO Lot Size
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 | 3036 | ₹9,86,700 |
| B-HNI (Min) | 67 | 3082 | ₹10,01,650 |
(All values in CR)
Gem Aromatics IPO Valuations
The market capitalization of Gem Aromatics IPO is ₹1697.71 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
Gem Aromatics IPO Strength & Risk
Gem Aromatics IPO Strength:
Established specialty ingredients manufacturer with decades of industry experience and strong legacy.
Market leadership in key derivatives like DMO and Eugenol.
Diverse product portfolio supported by continuous in-house R&D.
Long-standing relationships with reputed domestic and global clients.
Geographically diversified manufacturing and distribution network.
Consistent revenue and profit growth showcasing operational stability.
Strong return ratios with low debt levels.
Gem Aromatics IPO Risk:
High dependence on a few major customers for a significant share of revenue.
Revenue concentration in mint derivative products, reducing diversification.
Pending legal dispute over land at one manufacturing facility.
No long-term contracts with major raw material suppliers.
Exposure to raw material price volatility and regulatory changes.
High working capital requirements impacting liquidity.
Exposure to foreign exchange fluctuations affecting margins.
Gem Aromatics IPO Subscriptions Status
Gem Aromatics IPO subscribed 28.40 times. The public issue subscribed 9.71 times in the retail category, 48.17 times in QIB (Ex Anchor), and 45.67 times in the NII category by August 21, 2025 3:44:39 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 41,65,383 | 41,65,383 | 135.37 |
| QIB (Ex Anchor) | 48.17 | 27,76,925 | 13,37,55,396 | 4 |
| Non-Institutional Buyers | 45.67 | 20,82,692 | 9,51,13,648 | 3 |
| bNII (bids above ₹10L) | 48.41 | 13,88,462 | 6,72,20,490 | 2 |
| sNII (bids below ₹10L | 40.18 | 6,94,231 | 2,78,93,158 | 906.53 |
| Retail | 9.71 | 48,59,615 | 4,71,84,224 | 1 |
| Total | 28.40 | 97,19,232 | 27,60,53,268 | 8 |
Gem Aromatics IPO GMP
Gem Aromatics IPO last GMP is ₹28, last updated Aug 21st 2025 02:34 PM. With the price band of 325.00, Gem Aromatics IPO's estimated listing price is ₹353 (cap price + today's GMP).The expected percentage gain/loss per share is 8.62%. >> Gem Aromatics IPO Retail Subject to Sauda: ₹1000 >> Gem Aromatics IPO Small HNI Subject to Sauda: ₹14000 The lowest GMP is ₹0.00, while the highest GMP is ₹41.00.
Last updated 21 Aug, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 21 Aug, 2025 | 325 | ₹28▲ | 1000/14000 | ₹353 (8.62%) | 1288 | 21 Aug, 2025 |
| 20 Aug, 2025 | 325 | ₹26 | 900/12600 | ₹351 (8.00%) | 1196 | 20 Aug, 2025 |
| 19 Aug, 2025 | 325 | ₹26▼ | 900/12600 | ₹351 (8.00%) | 1196 | 19 Aug, 2025 |
| 18 Aug, 2025 | 325 | ₹28▼ | 1000/14000 | ₹353 (8.62%) | 1288 | 18 Aug, 2025 |
| 17 Aug, 2025 | 325 | ₹35▼ | 1200/16800 | ₹360 (10.77%) | 1610 | 17 Aug, 2025 |
| 16 Aug, 2025 | 325 | ₹38▼ | 1300/18200 | ₹363 (11.69%) | 1748 | 16 Aug, 2025 |
| 15 Aug, 2025 | 325 | ₹41▲ | 1400/19600 | ₹366 (12.62%) | 1886 | 15 Aug, 2025 |
| 14 Aug, 2025 | 325 | ₹0 | - | ₹325 (0.00%) | - | 14 Aug, 2025 |
| 13 Aug, 2025 | 325 | ₹0 | - | ₹325 (0.00%) | - | 13 Aug, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Gem Aromatics IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Gem Aromatics IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.