Gem Aromatics IPO

Gem Aromatics is launching an IPO worth Rs 451.25 crores through a bookbuilding process, comprising a fresh issue of shares worth Rs 175.00 crores and an offer for sale of Rs 276.25 crores. The IPO will be open for subscription from August 19 to August 21, 2025, with allotment on August 22 and a tentative listing on BSE and NSE on August 26. The price band is set between Rs 309 to Rs 325 per share, with a lot size of 46 shares requiring a minimum retail investment of Rs 14,214. For sNII, the investment size is 14 lots (Rs 2,09,300), and for bNII, it is 67 lots (Rs 10,01,650). Motilal Oswal Investment Advisors is the lead manager, and Kfin Technologies is the registrar.

Gem Aromatics IPO Details

Check out the issue details for Gem Aromatics IPO as disclosed in SEBI.

IPO Price

₹ 325

Price Band

₹ 309 - 325

Issue Size

451.25 Cr.

Issue Type

Book Built

Open

2025-08-19

Close

2025-08-21

Listingprice

₹ 333.1

ListingGain

2.49%

Listing Date

2025-08-26

CMP

₹ 264.95

Current Return

-18.48%

Gem Aromatics News

Gem Aromatics coming with IPO to raise upto Rs 460 crore14 Aug 2025, 3:11PM Gem Aromatics files DRHP with SEBI to mobilise funds 31 Dec 2024, 2:46PM

Company Financials

You can get the following financial statements of Gem Aromatics as of now.

Company Name

Gem Aromatics

Exchange

NSE: GEMAROMA BSE: 544491

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Gem Aromatics IPO Details

The details about the Gem Aromatics IPO are as follows:

  • The issue size of the IPO is Rs 451.25 Cr.
  • The price band for Gem Aromatics IPO is Rs 309 to Rs 325.
  • The shares of Gem Aromatics IPO will list on BSE and NSE.
  • The latest tentative GMP of Gem Aromatics IPO is Rs 30.
  • The shares of Gem Aromatics IPO are subscribed 30.45 Times.

 

Gem Aromatics IPO Valuation

The approximate valuation of Gem Aromatics IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 325
Existing Shares (Qty) 4.68 Cr
Fresh Issue Rs 175.00 Cr
Market Cap Rs 1696 Cr
EPS (FY25) Rs 11.39
PE Ratio 28.53x
Industry PE 112.41x

 

Gem Aromatics IPO Issue Size

Gem Aromatics IPO issue size is Rs 451.25 Cr.

Issue Amount
Fresh Issue Rs 175.00 Cr
Offer For Sale Rs 276.25 Cr

 

Gem Aromatics IPO Market Lot

An individual can apply for a minimum of 1 lot of 46 shares and a maximum of 13 lots (598 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 46 Rs 14,950
Retail Maximum 13 598 Rs 1,94,350

 

Gem Aromatics IPO Share Offer

The shares of Gem Aromatics IPO are subscribed 30.45 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Gem Aromatics IPO GMP (Grey Market Premium)

As on GMP (Tentative)
19 August 2025 Rs 24
20 August 2025 Rs 28
21 August 2025 Rs 28
22 August 2025 Rs 30

Gem Aromatics IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Gem Aromatics IPO Dates

Find below the dates for Gem Aromatics IPO

Schedule Date
Basis of Allotment 22 Aug 2025
Refunds 25 Aug 2025
Credit to Demat Account 25 Aug 2025
IPO Listing Date 26 Aug 2025

 

Check the allotment of Gem Aromatics IPO by clicking on the button below.

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 302.12 411.88 447.48 496.96
Total Expenditure 253.89 352.77 371.72 411.19
Operating Profit 48.23 59.11 75.76 85.76
Other Income 3.31 1.23 2.9 5.24
Interest 3.11 5.64 5.9 7.07
Depreciation 4.26 4.66 6.13 6.65
Exceptional Items 0 0 0 0
Profit Before Tax 44.17 50.04 66.64 77.29
Provision for Tax 13.15 10.33 17.17 20.43
Net Profit 31.02 39.71 49.46 56.85
Adjusted EPS (Rs.) 0.66 0.85 1.06 1.21

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 1.79 1.79 9.37 9.37
Total Reserves 136.04 175.76 217.68 274.52
Borrowings 0 0.28 0.16 0.06
Other N/C liabilities 1.11 0.23 0.15 2.22
Current liabilities 99.98 113.71 103.35 159.94
Total Liabilities 238.91 291.76 330.71 446.11
Assets
Net Block 26.94 27.08 36.71 36.69
Capital WIP 1.29 10.79 1.69 5.69
Intangible WIP 0 0 0 0
Investments 0.41 0.41 1.06 1.32
Loans & Advances 10.17 14.86 20.08 86.82
Other N/C Assets 0.01 0.01 0.09 0.01
Current Assets 200.09 238.6 271.08 315.56
Total Assets 238.91 291.76 330.71 446.11
* Other Non-current Liabilities include Net deferred Liabilities

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2025 55.06 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 44.17 50.04 66.64 77.29
Adjustment 3.78 14.78 9.19 9.81
Changes in Assets & Liabilities -52.68 -33.82 -18.47 -75.42
Tax Paid -10.78 -16.78 -15.35 -23.77
Operating Cash Flow -15.51 14.22 42 -12.11
Investing Cash Flow -4.48 -14.95 -24.73 -53.89
Financing Cash Flow 18.55 6.53 -11.6 50.4
Net Cash Flow -1.43 5.8 5.68 -15.6

Gem Aromatics IPO: Date, Share Price, Review & Details

Gem Aromatics Ltd. is a Mumbai-based manufacturer of essential oils, aroma chemicals, and value-added derivatives for the global flavours and fragrance industry. Founded in 1997, the company supplies leading FMCG, pharma, and cosmetic majors both in India and internationally, known for its product innovation and modern facilities. Gem Aromatics serves clients across the USA, UK, France, and other markets, and works closely with brands such as Colgate-Palmolive, Dabur, Patanjali, and doTERRA.

Business Model and Operations

The company operates in the specialty chemicals sector, focusing on the manufacture and export of essential oils and aroma chemicals from mint and other botanicals. Its business model combines product development, quality control, and international compliance standards. Gem Aromatics has a strong export presence and robust relationships with both domestic and international customers, though a significant share of revenue comes from a handful of large clients - mainly in the mint segment.

Gem Aromatics IPO Details (2025)

Gem Aromatics IPO opens for subscription on August 19, 2025, and closes on August 21, 2025. The price band is set at Rs 309 - Rs 325 per share, with a minimum lot size of 46 shares for retail investors. The total issue size is Rs 451.25 crore, including a fresh issue of Rs 175 crore and an offer for sale of Rs 276.25 crore. Shares will be listed on BSE and NSE, with the listing date scheduled for August 26, 2025.

The IPO registrar is Kfin Technologies Limited and Motilal Oswal Investment Advisors is the lead manager.

Utilisation of IPO Proceeds

Proceeds from the IPO will primarily go towards the repayment of outstanding borrowings, capital expenditure, and general corporate purposes.

Strengths and Risks

Strengths:

  • Diversified product range with strong domestic and export client relationships.

  • Modern manufacturing infrastructure and R&D focus.

  • Steady revenue growth and presence in global markets.

Risks:

  • High revenue dependence on a few key clients (notably doTERRA).

  • Mint and its derivatives represent a major share of income.

  • Exposure to raw material price volatility and regulatory changes.

  • Ongoing land litigation at the Budaun facility.

What You Can Find on This Page

  • Detailed financials: profit & loss, balance sheet, cash flow, and valuation ratios

  • Prospectus, analyst reviews, subscription status, and GMP (Grey Market Premium) info

  • Allotment status and listing news post-IPO

Frequently Asked Questions (FAQs) about Gem Aromatics IPO

Q1: What are the key dates for the Gem Aromatics IPO?
Gem Aromatics IPO opens on August 19, 2025 and closes on August 21, 2025, with listing on August 26, 2025.

Q2: What is the price band and lot size for the IPO?
The price band is Rs 309 - Rs 325 per share, and the minimum application is for 46 shares.

Q3: How big is the IPO issue?
Total issue size is Rs 451.25 crore, consisting of a fresh issue and offer for sale.

Q4: What will the proceeds be used for?
Proceeds will go towards debt repayment, capital expenditure, and general corporate needs.

Q5: Where will shares be listed?
Shares will be listed on BSE and NSE.

Q6: How do I check my IPO allotment status?
Allotment can be checked with Kfin Technologies registrar or the relevant exchange post allotment date.

For up-to-date information on Gem Aromatics IPO share price, financials, allotment, listing, news, and analysis, keep tracking this page.

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