Gem Aromatics came to market through an IPO that opened on 19 August 2025 and closed on 21 August 2025, and the shares listed on 26 August 2025 on BSE, NSE. The price band was ₹309 to ₹325 per share and one lot was 46 shares, so the minimum application was ₹14,950. The issue size was ₹451.25 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Kfin Technologies Limited was the registrar to the issue, and Motilal Oswal Investment Advisors Limited was the lead manager.
As of 21 August 2025.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Established in October 1997, Gem Aromatics Limited produces speciality ingredients such as essential oils, aroma chemicals, and Value-Added Derivatives in India and has more than two decades of experience. The company provides different products ranging from Mother Ingredients to Value-Added Derivatives.The products of the company are applied in oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, and personal care. The company offers a total of seventy products, which are divided into four different categories and include:
Mint and its analogous substances; Clove and its analogous substances; Phenol; and Other natural and synthetic substances. The company as of September 30, 2024, has 170 domestic customers and 30 foreign customers spread over 13 countries in the Americas, Asia, Africa, and Australia.
The company markets its products directly to clients on a business-to-business basis, with export sales through channels such as (i) direct sales, (ii) sales through its subsidiary, Gem Aromatics LLC, in the USA, and (iii) sales through third-party intermediaries. The company had an in-house R&D team of 15 scientists as of September 30, 2024, who played pivotal roles in utilizing state-of-the-art technology that upgraded our formulations in Value-Added Derivatives.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|
Gem Aromatics raises Rs 135.4 crore through anchor book before IPO. Citigroup Global, Societe Generale, Goldman Sachs, Nippon India, SageOne, Nuvama, and Niveshaay Sambhav Fund were part of 13 institutional investors who took part in the anchor book.
Vipul Parekh, Kaksha Vipul Parekh, Yash Vipul Parekh, Parekh Family Trust. Promoter holding 75.0% before the issue and 55.06% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Gem Aromatics IPO was a ₹451.25 crore book-built issue, comprising a fresh issue of ₹175 crore and an offer for sale of ₹276.25 crore. It was priced at ₹309–₹325 per share with a lot size of 46 shares (₹14,950). The IPO was open from August 19 to August 21, 2025 and was subscribed 30.27x. Shares listed on BSE and NSE on August 26, 2025 at ₹333.10, a 2.5% premium to the issue price of ₹325.
Kfin Technologies Limited is the registrar. Motilal Oswal Investment Advisors Limited is the book running lead manager.
The price band of Gem Aromatics IPO is ₹309 to ₹325 per share.
The lot size of Gem Aromatics IPO is 46 shares.
The minimum investment for Gem Aromatics IPO is approximately ₹14,950 based on the upper price band.
The allotment date of Gem Aromatics IPO is Aug 22, 2025.
Gem Aromatics IPO's final recorded GMP before listing was ₹25 per share (a 8% premium over the ₹325 upper price band). The shares listed at ₹333.1. GMP is unofficial and does not forecast or guarantee the actual listing price.
Gem Aromatics IPO listed on Aug 26, 2025. It was issued at ₹333.1(NSE) and is currently around ₹137.00 as on 2-Nov-2026 3:30 PM, which is approximately -57.8% versus issue price. The 52-week high is ₹228.00.
You can check Gem Aromatics IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Gem Aromatics IPO allotment status on Rupix for quick and easy access.
₹309 to ₹325 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 46 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,950.
₹14,950, for one lot of 46 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 19 August 2025 and closed on 21 August 2025.
The basis of allotment was published on 22 August 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 26 August 2025 on BSE, NSE.
The issue size was ₹451.25 crore. The fresh issue was 53,84,615 shares (aggregating up to ₹175 crore). The offer for sale was 85,00,000 shares (aggregating up to ₹276.25 crore).