The Gem Aromatics IPO is scheduled to open for subscription on Tuesday, August 19, 2025, and will close on Thursday, August 21, 2025. The tentative allotment date is Friday, August 22, 2025, with the initiation of refunds and credit of shares to Demat accounts expected on Monday, August 25, 2025. The shares are likely to be listed on Tuesday, August 26, 2025, on both the BSE and NSE. The cut-off time for UPI mandate confirmation is 5 PM on August 21, 2025.
Gem Aromatics IPO is a book-built issue of approximately ₹451.25 crore, comprising a fresh issue of ₹175 crore and an offer for sale (OFS) of up to 85,00,000 equity shares (face value ₹2 each). The price band has been set at ₹309 to ₹325 per share.
The lot size for retail investors is 46 shares, requiring a minimum investment of ₹14,950. Retail investors can apply up to 13 lots (598 shares) amounting to ₹1,94,350. For sNII, the minimum is 14 lots (644 shares) amounting to ₹2,09,300, and for bNII, the minimum is 67 lots (3,082 shares) amounting to ₹10,01,650.
Gem Aromatics reported healthy performance, with revenue of ₹506 crore in FY 2025 (vs. ₹454 crore in FY 2024) and PAT of ₹53.38 crore in FY 2025 (vs. ₹50.10 crore in FY 2024). Total assets stood at ₹535 crore in FY 2025.
Overview of Contents
About Gem Aromatics IPO
Incorporated in 1997, Gem Aromatics Limited manufactures specialty ingredients including essential oils, aroma chemicals, and value-added derivatives for applications across oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, and personal care.
The company offers ~70 products across mint derivatives, clove derivatives, phenol, and other synthetic & natural ingredients. It sells B2B in India and exports to 18 countries across America, Asia, Africa, and Australia via direct sales, its US subsidiary (Gem Aromatics LLC), and third-party agencies. As of March 31, 2025, it served 225 domestic and 44 international customers, supported by a 13-member R&D team focused on value-added derivative formulations.
Gem Aromatics IPO Overview
| Particulars | Details |
|---|---|
| Face Value | ₹2 per share |
| Price Band | ₹309 – ₹325 per share |
| Lot Size | 46 shares |
| Sale Type | Fresh Issue + Offer for Sale |
| Total Issue Size | 1,38,84,615 shares (₹451.25 crore) |
| Fresh Issue | 53,84,615 shares (₹175.00 crore) |
| Offer for Sale | 85,00,000 shares (₹276.25 crore) |
| Issue Type | Book-Built IPO |
| Listing Exchange | BSE, NSE |
| Pre-Issue Shareholding | 4,68,52,523 shares |
| Post-Issue Shareholding | 5,22,37,138 shares |
| QIB Allocation | Up to 50% of net issue |
| Retail Allocation | Up to 35% of net issue |
| NII Allocation | Up to 15% of net issue |
Gem Aromatics IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Gem Aromatics IPO GMP
- To be Updated
Gem Aromatics IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | Tuesday, August 19, 2025 |
| IPO Close Date | Thursday, August 21, 2025 |
| Basis of Allotment | Friday, August 22, 2025 |
| Refunds | Monday, August 25, 2025 |
| Credit to Demat Account | Monday, August 25, 2025 |
| IPO Listing Date | Tuesday, August 26, 2025 |
Gem Aromatics IPO Lot Size
| Investor Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail – Minimum | 1 | 46 | ₹14,950 |
| Retail – Maximum | 13 | 598 | ₹1,94,350 |
| S-HNI – Minimum | 14 | 644 | ₹2,09,300 |
| B-HNI – Minimum | 67 | 3,082 | ₹10,01,650 |
Gem Aromatics IPO Promoter Holding
The promoters of Gem Aromatics Ltd. are Vipul Parekh, Kaksha Vipul Parekh, Yash Vipul Parekh, and Parekh Family Trust.
Gem Aromatics IPO Financial Performance
| Financial Metric | FY 2025 (₹ Cr) | FY 2024 (₹ Cr) | FY 2023 (₹ Cr) |
|---|---|---|---|
| Total Income / Revenue | 506 | 454 | 425 |
| Expenses | 431 | 387 | 369 |
| Profit After Tax | 53.38 | 50.10 | 44.67 |
| Total Assets | 535 | 369 | 296 |
Gem Aromatics IPO – Key Valuation Metrics (FY2025)
| KPI / Metric | Value |
|---|---|
| ROE | 18.80% |
| ROCE | 16.02% |
| EBITDA Margin | 17.55% |
| PAT Margin | 10.56% |
| Debt/Equity | 0.78 |
| EPS (Basic) | ₹11.39 |
| Price/Earning (P/E) | N/A |
| RoNW | 18.80% |
| NAV | ₹60.61 |
Object of the issue
- Prepayment and/or repayment, in full or in part, of certain outstanding borrowings (including subsidiary Krystal Ingredients Pvt. Ltd.)
- General corporate purposes
Gem Aromatics Ltd. – Contact Information
Address: A/410, Kailas Complex, Vikhroli Powai Link Road, Park Site, Vikhroli (W), Mumbai, Maharashtra – 400079
Phone: +91 22 25185231
Email: secretarial@gemaromatics.in
Website: www.gemaromatics.com
IPO Registrar – Kfin Technologies Ltd.
Phone: 040-67162222, 040-79611000
Email: gem.ipo@motilaloswal.com
Website: https://ipostatus.kfintech.com/
Gem Aromatics IPO FAQs
What is the Gem Aromatics IPO issue size?
The IPO size is approximately ₹451.25 crore (Fresh: ₹175 crore + OFS: 85,00,000 shares).
What is the price band for the Gem Aromatics IPO?
The price band is ₹309 to ₹325 per share.
What is the lot size and minimum investment for retail investors?
The lot size is 46 shares, and the minimum investment is ₹14,950.
When will the Gem Aromatics IPO open and close?
It opens on August 19, 2025, and closes on August 21, 2025. Tentative allotment: August 22, 2025. Listing: August 26, 2025.
On which stock exchanges will the shares be listed?
On BSE and NSE.
Who are the promoters of Gem Aromatics Ltd.?
Vipul Parekh, Kaksha Vipul Parekh, Yash Vipul Parekh, and Parekh Family Trust.
What is the financial performance of Gem Aromatics Ltd.?
Revenue: ₹506 crore (FY25) vs. ₹454 crore (FY24); PAT: ₹53.38 crore (FY25) vs. ₹50.10 crore (FY24).
Who is the registrar for the IPO?
Kfin Technologies Ltd.