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Gem Aromatics IPO: Company sets price band at Rs 309-325 per share. Check issue timeline, GMP, other details

Gem Aromatics IPO: Company sets price band at Rs 309-325 per share. Check issue timeline, GMP, other details

Time of India13-08-2025
Gem Aromatics Limited, whose initial public offering (IPO) will open for subscription on Tuesday, August 19, has fixed the price band at Rs 309-325 per equity share. The Rs 451 crore IPO is a mix of fresh issue of shares up to Rs 175 crore and an offer for sale (OFS) up to 85 lakh equity shares where promoters and investors are selling shareholders.
About Gem Aromatics IPO
The three-day IPO will end on August 21 and investors can bid for a minimum of 46 equity shares and in multiples of 46 equity shares thereafter.
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The offer is being made through the book-building process, where up to 50% of the net offer will be available for allocation to the qualified institutional buyers (QIBs), up to 15% for non-institutional investors (NIIs) and up to 35% for retail individual bidders.
About Gem Aromatics
Gem Aromatics is a manufacturer of specialty ingredients, including essential oils, aroma chemicals and value-added derivatives in India with a track record of over two decades. It offers a diversified portfolio of products, ranging from the mother ingredients to its various Value-Added Derivatives. Its products find application across a broad spectrum of industries, such as, oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness and pain management and personal care.
Citing F&S report, the company's Red Herring Prospectus (RHP) claimed that in FY25, it is one of the largest procurers of piperita oil and one of the largest processors of DMO, Clove oil, Eugenol and Eucalyptus Oil in terms of volume manufactured.
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Its has business relationships with several domestic and global corporate customers such as, Colgate-Palmolive (India) Limited,
Dabur India Limited
, Patanjali Ayurved Limited, SH Kelkar and Company Limited and
Rossari Biotech
.
Gem Aromatics operates three manufacturing facilities located in Budaun in Uttar Pradesh , Silvassa, Dadra and Nagar Haveli and Daman and Diu and Dahej, Gujarat.
Gem Aromatics financials
Gem Aromatics' revenue from operations increased by 11.38% to Rs 503.95 crore in fiscal 2025 from Rs 452.45 crore in fiscal 2024, primarily due to an increase in sale of products, other operating revenues. Profit for the year increased by 6.55% to Rs 53.38 crore for fiscal 2025 from Rs 50.10 crore for fiscal 2024.
Motilal Oswal Investment Advisors Limited is the sole book-running lead manager, and
KFin Technologies Limited
is the registrar to the Offer.
Gem Aromatics IPO timeline
The allotment of shares is expected on August 22, Friday while initiation of funds and credit of shares in the demat accounts on August 25. The listing is likely to happen on Tuesday, August 26.
Gem Aromatics IPO GMP
The GMP or grey market premium for
Gem Aromatics IPO
has not started yet.
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