Allotment

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.
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| 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 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 |
| Category | Offer |
|---|---|
| QIB Shares Offered | 69,42,306 Shares |
| NII (HNI) Shares Offered | 20,82,693 Shares |
| Retail Shares Offered | 48,59,616 Shares |
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 |
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.
| 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 |
| 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 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) | - |
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
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
gem.ipo@motilaloswal.com