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Gem Aromatics Limited

Gem Aromatics Limited launched its IPO as a book-built issue of ₹451.25 crores, comprising a fresh issue of 0.54 crore shares aggregating ₹175.00 crores and an offer for sale of 0.85 crore shares worth ₹276.25 crores. The IPO was open for bidding from August 19, 2025, to August 21, 2025, with allotment finalized on August 22, 2025. The shares were subsequently listed on BSE and NSE on August 26, 2025.

The IPO price band was set at ₹325 per share. The minimum lot size for retail investors was 46 shares, requiring an investment of ₹14,950 at the upper price. For small and big non-institutional investors (sNII and bNII), the minimum lot sizes were 644 shares (₹2,09,300) and 3,082 shares (₹10,01,650), respectively.

Motilal Oswal Investment Advisors Ltd. acted as the book running lead manager, and Kfin Technologies Ltd. was the registrar. The IPO provided an opportunity for investors to participate in a company with a strong presence in specialty ingredients, essential oils, and aroma chemicals, serving both domestic and international markets.

Gem Aromatics Limited IPO & Charts
₹325

0%

Open

₹325

HIgh - Low

₹325

Previous Close

₹325

Total Traded Value

0

52 Weeks High

₹325

52 Weeks Low

₹325

Updates On

Aug 10, 2025

IPO. Open

Aug 19, 2026

IPO. Close

Aug 21, 2026

IPO. Price

₹325.00

IPO Market price

₹1,697.71 Cr

IPO Details

IPO Date 26 Aug
IPO Listing Date 26 Aug
IPO Face Value ₹10.00 per share
IPO Price Range ₹325.00
IPO Issue Size 1,38,84,615 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount -
IPO Issue Type Book Building IPO
IPO Listing BSE, NSE Platform
hare Holding Pre Issue 4,68,52,523 shares

IPO Timeline

IPO Open Date 19 Aug
IPO Close Date 21 Aug
IPO Allotment (Tentative) 22 Aug
Refunds 25 Aug
Credit to Demat Account 25 Aug
IPO Listing Date 26 Aug

IPO Reservation

Category Offer
QIB Shares Offered 69,42,306 Shares
NII (HNI) Shares Offered 20,82,693 Shares
Retail Shares Offered 48,59,616 Shares

IPO Lot Size

Investors must bid for at least 46 shares, with additional shares in multiples of 46.

Application Lots Share 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
About Company

Incorporated in October 1997, Gem Aromatics Limited is a leading Indian manufacturer of specialty ingredients, including essential oils, aroma chemicals, and value-added derivatives, with over two decades of experience. The company offers a diverse portfolio of seventy products, including mint and clove derivatives, phenol, and other synthetic and natural ingredients. Its products find applications across oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, and personal care industries. Gem Aromatics serves 225 domestic customers and 44 international customers across 18 countries, including the Americas, Asia, Africa, and Australia.

The company operates on a B2B model, selling directly to clients, through its U.S. subsidiary Gem Aromatics LLC, and via third-party agencies for exports. It also has an in-house R&D team of 13 scientists, who employ advanced technologies to develop innovative formulations, particularly in value-added derivatives. The company’s manufacturing facilities are strategically located to ensure efficiency, sustainability, and scalability.

Gem Aromatics’ competitive strengths include a strong reputation in the specialty ingredients sector, a wide product range supported by continuous R&D, long-standing customer relationships in domestic and international markets, and an experienced management team. Its focus on quality, innovation, and sustainability positions it well to cater to evolving industry needs.

Gem Aromatics Ltd.’s revenue grew by 11% in the financial year ending March 31, 2025, compared to the previous year, while its profit after tax (PAT) increased by 7% over the same period.

Company Financials (Consolidated)

Assets 534.52 368.57 295.76
Total Income 505.64 454.23 425.09
Profit After Tax 53.38 50.1 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

Key Performance Indicator (KPI)

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
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; 22.86
4 Offer for Sale (OFS) -

Contact Details

Gem Aromatics Ltd. Address
A/410, Kailas Complex, Vikhroli Powai Link
Road, Park Site,
Vikhroli (W)
Mumbai, Maharashtra, 400079
+91 22 25185231
secretarial@gemaromatics.in

Detail Registrar

IPO Registrar
Kfin Technologies Ltd.

04067162222, 04079611000
gem.ipo@motilaloswal.com

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