Gem Aromatics IPO

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 Ended31 Mar 202531 Mar 202431 Mar 2023
Assets534.52368.57295.76
Revenue505.64454.23425.09
Profit After Tax53.3850.144.67
EBITDA88.4578.3566.19
Net Worth283.98230.55179.53
Reserves and Surplus278.26224.88182.36
Total Borrowing222.37111.1389.36

                                                                                                                                                                                                 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 DateAugust 19, 2025 to August 21, 2025
Listing DateAugust 26, 2025
Face Value₹2 per share
Price Band₹309 to ₹325 per share
Lot size46 shares
Total Issue size1,38,84,615 shares (aggregating upto ₹451.25 Cr )
Fresh Issue53,84,615 shares (aggregating upto ₹175.00 Cr )
Offer for Sale85,00,000 shares of ₹2 (aggregating upto ₹276.25 Cr )
Issue typeBookbuilding IPO
Listing atNSE, BSE
Share Holding Pre Issue4,68,52,523 shares
Share Holding Post Issue5,22,37,138 shares

Lot Allocation Details

ApplicationLotsSharesAmount
Retail (Min)146₹14,950.00
Retail (Max)13598₹1,94,350.00
S-HNI (Min)14644₹2,09,300.00
S-HNI (Max)663,036₹9,86,700.00
B-HNI (Min)673,082₹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 

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