Gem Aromatics IPO is a bookbuilt issue of ₹451.25 crore. It combines a fresh issue of 0.54 crore shares aggregating to ₹175.00 crore and an offer for sale of 0.85 crore shares aggregating to ₹276.25 crore.
The IPO opens for subscription on August 19, 2025, and closes on August 21, 2025. The allotment is expected to be finalized on Friday, August 22, 2025. The price band for the IPO is set at ₹309 to ₹325 per share, and the minimum lot size for an application is 46 shares.
Company Summary
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.
Company Strengths
- 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.
Company Financials
Period Ended | 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 |
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 |
Amount in ₹ Crore |
Objectives of IPO
- 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
Promoters of the Company
The promoters of the company are Vipul Parekh, Kaksha Vipul Parekh, Yash Vipul Parekh, and Parekh Family Trust.
IPO Details
IPO Date | August 19, 2025 to August 21, 2025 |
Listing Date | August 26, 2025 |
Face Value | ₹2 per share |
Price Band | ₹309 to ₹325 per share |
Lot size | 46 shares |
Total Issue size | 1,38,84,615 shares (aggregating upto ₹451.25 Cr ) |
Fresh Issue | 53,84,615 shares (aggregating upto ₹175.00 Cr ) |
Offer for Sale | 85,00,000 shares of ₹2 (aggregating upto ₹276.25 Cr ) |
Issue type | Bookbuilding IPO |
Listing at | NSE, BSE |
Share Holding Pre Issue | 4,68,52,523 shares |
Share Holding Post Issue | 5,22,37,138 shares |
Lot Allocation Details
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 46 | ₹14,950.00 |
Retail (Max) | 13 | 598 | ₹1,94,350.00 |
S-HNI (Min) | 14 | 644 | ₹2,09,300.00 |
S-HNI (Max) | 66 | 3,036 | ₹9,86,700.00 |
B-HNI (Min) | 67 | 3,082 | ₹10,01,650.00 |
Allotment Schedule
Basis of 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 Reservation
Investor Category | Shares Offered |
QIB Shares Offered | Not more than 50% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
NII Shares Offered | Not less than 15% of the Net Issue |
To check allotment, click here