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Gem Aromatics IPO

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BSE,NSE 19 August - 21 August 2025
Gem Aromatics Limited IPO is a book build issue of 451.25 Cr. The issue is a combination of fresh issue of 5384615 shares aggregating to 175 Cr and offer for sale of 8500000 shares aggregating to 276.25 Cr. Gem Aromatics Limited IPO opened for subscription on Aug 19, 2025 and closed on Aug 21, 2025. The allotment for the this IPO was finalized on Aug 22, 2025. IPO was listed on NSE and BSE on Aug 26, 2025. Gem Aromatics Limited IPO is set issue price band at ₹309 to ₹325 per share.

Current GMP

₹33 (+10.15%)

Price Band

₹ 309 – 325

Lot Size

46

Issue Size

₹451.25 Cr

Minimum Investment

₹14950 (46 Shares)

Listing Date

26 August 2025

Subscription

30.27x

About the Company

Founded in October 1997, Gem Aromatics Limited is a prominent Indian manufacturer of specialty ingredients, including essential oils, aroma chemicals, and value-added derivatives. With over two decades of industry experience, the company offers a diverse product range that spans from core mother ingredients to advanced value-added formulations.

Gem Aromatics’ products serve a wide array of industries, including:

  • Oral care
  • Cosmetics
  • Nutraceuticals
  • Pharmaceuticals
  • Personal care
  • Pain management
  • Wellness

Product Portfolio

The company offers 70 products, classified into four major categories:

  1. Mint and its derivatives
  2. Clove and its derivatives
  3. Phenols
  4. Other synthetic and natural ingredients

Market Presence and Customer Base

As of Fiscal Year 2025, Gem Aromatics serves:

  • 225 customers overall
  • 44 international clients across 18 countries, including regions in the Americas, Asia, Africa, and Australia

The company operates on a B2B model, with exports handled through:

  • Direct sales
  • Gem Aromatics LLC (subsidiary in the USA)
  • Third-party agencies

Notable clients include Colgate-Palmolive, Dabur, and dōTERRA. In 2019, dōTERRA made a strategic investment in the company, and Gem now supplies 15 products under a global agreement.

Research & Development

Gem Aromatics maintains a robust in-house R&D team of 13 scientists based in Maharashtra. The team employs advanced technologies, including Grignard reactions and Friedel–Crafts chemistry, to drive innovation in its value-added derivatives and support continuous product development.

Market Leadership

The company holds strong market positions in several product categories. As of FY 2025:

  • India’s largest processor (by volume) of DMO, Clove Oil, Eugenol, and Eucalyptus Oil
  • 65% market share in Eugenol
  • 12% market share in DMO

Gem Aromatics has also been recognized as a “Three Star Export House”, highlighting its significant contribution to India’s exports in this sector.

Competitive Strengths

  • Established reputation in the specialty ingredients industry
  • Comprehensive and evolving product portfolio
  • Long-term relationships with leading domestic and international customers
  • Strategically located, sustainable manufacturing facilities
  • Experienced promoters and leadership team

With its blend of scientific innovation, strong customer relationships, and export capabilities, Gem Aromatics Limited continues to be a key player in India’s essential oil and value-added ingredients industry—especially in the mint, clove, and eucalyptus segments.

Promoters

  1. Vipul Parekh
  2. Kaksha Vipul Parekh
  3. Yash Vipul Parekh
  4. Parekh Family Trust
Promoters Holding

Holding Pre Issue

75.00%

Holding Post Issue

55.06%

Objects of the Issue

The Company Gem Aromatics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  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
  2. General Corporate Purposes

Address / Contact Info

Gem Aromatics Limited
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/

IPO Snapshot

Face Value₹2 per share
Price Band₹ 309 – 325
Lot Size46
Issue TypeBook-building IPO
Sale TypeFresh Capital & Offer For Sale
Fresh Issue₹ 175.00 Cr
Offer for Sale₹ 276.25 Cr
Total Issue Size₹ 451.25 Cr
Listing AtBSE,NSE
IndustryChemicals
SectorChemicals
QIB Quota27.61%
BNII Quota14.48%
SNII Quota7.24%
Retail Quota50.67%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Gem Aromatics IPO is a Book-building IPO worth ₹451.25 crores. The price band is ₹309 to 325 per share. The IPO opens on Tue, Aug 19, 2025 and closes on Thu, Aug 21, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The Gem Aromatics IPO opens on Tue, Aug 19, 2025 and closes on Thu, Aug 21, 2025

Gem Aromatics IPO Price Band is ₹309 to 325.

Gem Aromatics IPO lot size is 46, and the minimum amount required for application is ₹14950.

The minimum investment for Gem Aromatics IPO is approximately ₹14950 based on the upper price band.

To apply for the Gem Aromatics IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Aug 21, 2025. After submission, funds are blocked until the basis of allotment of Gem Aromatics IPO is finalised.

Gem Aromatics IPO issue size is ₹451.25 crores.

Gem Aromatics IPO allotment date is Sat, Jun 27, 2026.

The registrar for Gem Aromatics IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Gem Aromatics IPO through their official website or helpline.

The Gem Aromatics IPO GMP (Grey Market Premium) is ₹33 as of Tue, Aug 26, 2025. Based on the upper price band of ₹325 per share, the estimated Gem Aromatics IPO listing price is ₹358, indicating a potential listing gain of approximately 31% over the issue price.