Gem Aromatics IPO
GMP, Subscription, Price, Dates & Financial Details
Chemicals
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…
Open Date
Tue, 19 Aug 2025
Close Date
Thu, 21 Aug 2025
Price Band
₹ 309 – 325
Lot Size
46
Issue Size
₹ 451.25 Cr
Minimum Investment
₹ 14,950 (46 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Gem Aromatics IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹451.25 Crore, comprising a fresh issue of 53.85 Lakh equity shares aggregating to ₹175.00 Crore and an offer for sale (OFS) of 85.00 Lakh equity shares aggregating to ₹276.25 Crore by the existing shareholders.
The Gem Aromatics IPO remained open for subscription from August 19, 2025, to August 21, 2025. The basis of allotment was finalized on August 22, 2025, and the company's shares were listed on the NSE and BSE on August 26, 2025.
The company had fixed the price band at ₹309 to ₹325 per share, with a lot size of 46 shares. Retail investors were required to make a minimum investment of ₹14,950 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Motilal Oswal Investment Advisors Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Gem Aromatics Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Gem Aromatics IPO Timeline (Tentative)
- IPO Open Date
- Tue, 19 Aug 25
- IPO Close Date
- Thu, 21 Aug 25
- Basis of Allotment
- Fri, 22 Aug 25
- Initiation of Refunds
- Mon, 25 Aug 25
- Credit of Shares to Demat
- Mon, 25 Aug 25
- Listing Date
- Tue, 26 Aug 25 — NSE & BSE
Open Date
19 August 2025
Close Date
21 August 2025
Basis Of Allotment
22 August 2025
Listing Date
26 August 2025
IPO Subscription
Check Live Subscription →The Gem Aromatics IPO has received bids for 29,61,15,202 shares against 97,82,363 shares offered, resulting in an overall subscription of 30.27x. the NII category is subscribed 45.06x, Retail Investors 10.31x, and QIBs 55.28x. Within the NII category, BNII is subscribed 47.53x, while SNII is subscribed 40.13x.
QIB
55.28x
NII
45.06x
BNII
47.53x
SNII
40.13x
RII
10.31x
Total
30.27x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 49,57,201 shares, representing 50.67% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 27,00,647 shares (27.61%), while Non-Institutional Investors (NIIs) receive 21,24,515 shares (21.72%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 2,700,647 | 27.61% |
| Non-Institutional | 2,124,515 | 21.72% |
| BNII | 1,416,344 | 14.48% |
| SNII | 708,171 | 7.24% |
| Retail Investors | 4,957,201 | 50.67% |
| Total | 9,782,363 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 534.52 | 368.57 | 295.76 |
| Revenue | 505.64 | 454.23 | 425.09 |
| Profit After Tax | 53.38 | 50.1 | 44.67 |
| Net Worth | 283.98 | 230.55 | 179.53 |
| Reserve & Surplus | 278.26 | 224.88 | 182.36 |
| Total Borrowings | 222.37 | 111.13 | 89.36 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Gem Aromatics Limited KPI Information
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 18.8 | 21.73 | 24.88 |
| ROCE % | 16.02 | 21.1 | 22.85 |
| Debt / Equity | 0.78 | 0.36 | 0.44 |
| RoNW % | 18.8 | 21.73 | 24.88 |
| Pat Margin % | 10.56 | 11.03 | 10.51 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Gem Aromatics Ltd | 2 | 0.00 | 11.39 | 11.39 | 18.80 | 60.61 |
| Clean Science and Technology Ltd | 1 | 57.33 | 24.88 | 24.88 | 18.67 | 133.29 |
| Privi Speciality Chemicals Ltd | 10 | 50.51 | 47.87 | 47.87 | 16.95 | 282.47 |
About Gem Aromatics Limited
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:
- Mint and its derivatives
- Clove and its derivatives
- Phenols
- 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.
Gem Aromatics IPO Promoters
- Vipul Parekh
- Kaksha Vipul Parekh
- Yash Vipul Parekh
- Parekh Family Trust
Promoters Holding
Holding Pre Issue
75.00%
Holding Post Issue
55.06%
Gem Aromatics IPO Objective
The Company Gem Aromatics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- 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
- General Corporate Purposes
Gem Aromatics Limited Address / Contact Details
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
Gem Aromatics IPO Lot Size
The Gem Aromatics IPO has a lot size of 46 shares. Retail investors require a minimum investment of ₹14,950 by applying for 1 lot (46 shares). The maximum application allowed for the retail category is 13 lots (598 shares), requiring an investment of ₹1,94,350.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 46 | 14,950.00 |
| Retail (Max) | 13 | 598 | 194,350.00 |
| S-HNI (Min) | 14 | 644 | 209,300.00 |
| S-HNI (Max) | 66 | 3,036 | 986,700.00 |
| B-HNI (Min) | 67 | 3,082 | 1,001,650.00 |
Issue Reservation
- QIB — 27.61%
- NII — 21.72%
- RII — 50.67%
Book Running Lead Managers
- Motilal Oswal Investment Advisors Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Gem Aromatics IPO?
Gem Aromatics IPO is a Book-building IPO with a total issue size of ₹451.25 crore. The Gem Aromatics IPO price band is ₹309 to 325 per share. The Gem Aromatics IPO subscription opens on Tue, Aug 19, 2025, and closes on Thu, Aug 21, 2025. The Gem Aromatics IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Gem Aromatics IPO.
When will the Gem Aromatics IPO open for subscription?
The Gem Aromatics IPO opens on Tue, Aug 19, 2025 and closes on Thu, Aug 21, 2025
What is Gem Aromatics IPO Price Band?
Gem Aromatics IPO Price Band is ₹309 to 325 per share.
What is Gem Aromatics IPO Lot Size?
Gem Aromatics IPO lot size is 46 shares, Retail investors need a minimum investment of ₹14950 based on the upper price band
What is the minimum investment for Gem Aromatics IPO?
The minimum investment for Gem Aromatics IPO is ₹14950, based on one lot of 46 shares at the upper price band of ₹325 per share.
How to apply for Gem Aromatics IPO?
Investors can apply for the Gem Aromatics IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 21, 2025. The application amount remains blocked until the Gem Aromatics IPO allotment is finalized.
What is Gem Aromatics IPO Issue Size?
Gem Aromatics IPO issue size is ₹451.25 crores.
What is the Gem Aromatics IPO Allotment Date?
Gem Aromatics IPO allotment date is Fri, Aug 22, 2025.
Who is the Gem Aromatics IPO Registrar?
The registrar for Gem Aromatics IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Gem Aromatics IPO allotment status, refund processing, and other IPO-related information.
What is the Gem Aromatics IPO GMP?
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 10.15% over the issue price.
Who is the Gem Aromatics IPO Lead Manager?
The book-running lead managers (BRLMs) for the Gem Aromatics IPO are Motilal Oswal Investment Advisors Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Gem Aromatics IPO Red Herring Prospectus (RHP).