IPO Details
| Key | Value |
|---|
| IPO Date | August 19, 2025 to August 21, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price | ₹325 per share |
| Lot Size | 46 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,38,84,615 shares (aggregating up to ₹451.25 Cr) |
| Fresh Issue | 53,84,615 shares (aggregating up to ₹175.00 Cr) |
| Offer for Sale | 85,00,000 shares of ₹2 (aggregating up to ₹276.25 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,68,52,523 shares |
| Share Holding Post Issue | 5,22,37,138 shares |
IPO Subscription Details
| Key | Value |
|---|
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 53.76 |
| Non-Institutional Buyers | 45.96 |
| bNII (bids above ₹10L) | 48.48 |
| sNII (bids below ₹10L) | 40.91 |
| Retail Investors | 10.49 |
| Total ** | 30.45 |
IPO Important Dates
| Key | Value |
|---|
| IPO Open Date | Tue, Aug 19, 2025 |
| IPO Close Date | Thu, Aug 21, 2025 |
| Tentative Allotment | Fri, Aug 22, 2025 |
| Initiation of Refunds | Mon, Aug 25, 2025 |
| Credit of Shares to Demat | Mon, Aug 25, 2025 |
| Tentative Listing Date | Tue, Aug 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2025 |
IPO Lot Size
| Application | Lots | Shares | 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 |
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 534.52 | 368.57 | 295.76 |
| Total Income | 505.64 | 454.23 | 425.09 |
| Profit After Tax | 53.38 | 50.10 | 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 |
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) |
|---|
| Gem Aromatics | 11.39 | 11.39 | 60.61 | | 18.80 |
| Clean Science and Technology | 24.88 | 24.88 | 133.29 | 57.33 | 18.67 |
| Privi Speciality Chemicals | 47.87 | 47.87 | 282.47 | 50.51 | 16.95 |
| Camlin Fine Sciences | -8.03 | -7.95 | 46.23 | | -16.01 |
| Yasho Industries | 5.32 | 5.32 | 348.09 | 374.92 | 1.46 |
| S H Kelkar and Company | 5.40 | 5.40 | 90.66 | 42.33 | 5.83 |
| Oriental Aromatics | 10.20 | 10.20 | 196.20 | 36.97 | 5.20 |
Information about company
Incorporated in October 1997, Gem Aromatics Limited manufactures speciality ingredients, including essential oils, aroma chemicals, and Value-Added Derivatives in India, with over two decades of experience. The company offers various products, from Mother Ingredients to Value-Added Derivatives.
The company's products are used in oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, and personal care.
The company provides a total of seventy products, categorized into four distinct groups, which include:
Mint and its derivatives;;
Clove and its derivatives;
Phenol; and
Other synthetic and natural ingredients.
In Fiscal 2025, the company serves 225 customers and 44 international customers across 18 countries, including the Americas, Asia, Africa, and Australia.
The company sells products directly to customers on a business-to-business basis, with export sales through methods including (i) direct sales, (ii) sales via its subsidiary, Gem Aromatics LLC, in the USA, and (iii) sales through third-party agencies.
As of Mar 31, 2025, the company had an in-house R&D team of 13 scientists who pivotally implemented state-of-the-art technology that advanced our formulations in Value-Added Derivatives.
Competitive Strength
A reputable manufacturer of specialty ingredients in India, encompassing essential oils, aroma chemicals, and value-added derivatives.
Wide product range with continuous product development and R&D capabilities.
Long-standing relationship with well-established customers in India and globally
Strategically located Manufacturing Facilities with a focus on sustainability
Experienced Promoters and management team.
Objectives of IPO
The Company Gem Aromatics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
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
140.00
2
General Corporate Purposes
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|
| Day 1
Aug 19, 2025 | 1.03 | 0.89 | 0.68 | 1.32 | 1.10 | 1.04 |
| Day 2
Aug 20, 2025 | 1.50 | 4.03 | 2.96 | 6.17 | 3.25 | 2.92 |
| Day 3
Aug 21, 2025 | 53.76 | 45.96 | 48.48 | 40.91 | 10.49 | 30.45 |
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|
| 24-08-2025 | 325.00 | 28(8.62%) | 353 |
| 23-08-2025 | 325.00 | 28(8.62%) | 353 |
| 22-08-2025 | 325.00 | 27(8.31%) | 352 |
| 21-08-2025 | 325.00 | 28(8.62%) | 353 |
| 20-08-2025 | 325.00 | 26(8.00%) | 351 |
| 19-08-2025 | 325.00 | 26(8.00%) | 351 |
| 18-08-2025 | 325.00 | 28(8.62%) | 353 |
| 17-08-2025 | 325.00 | 35(10.77%) | 360 |
| 16-08-2025 | 325.00 | 38(11.69%) | 363 |
| 15-08-2025 | 325.00 | 41(12.62%) | 366 |
| 14-08-2025 | 325.00 | 0(0.00%) | 325 |
| 13-08-2025 | 325.00 | 0(0.00%) | 325 |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|
| QIB Shares Offered | 69,42,308 (50.00%) | NA |
| − Anchor Investor Shares Offered | 41,65,383 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 27,76,925 (20.00%) | NA |
| NII (HNI) Shares Offered | 20,82,692 (15.00%) | NA |
| − bNII > ₹10L | 13,88,462 (10.00%) | 2,155 |
| − sNII < ₹10L | 6,94,231 (5.00%) | 1,077 |
| Retail Shares Offered | 48,59,615 (35.00%) | 1,05,643 |
| Total Shares Offered | 1,38,84,616 (100.00%) | |
