Gem Aromatics Limited IPO

Gem Aromatics Limited IPO

Gem Aromatics Limited is a leading Indian manufacturer of specialty ingredients, including essential oils, aroma chemicals, and value-added derivatives, with over two decades of experience. Its diversified portfolio spans from mother ingredients to advanced derivatives, serving industries such as oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, and personal care. Strong market presence, brand recognition, and product range have secured leadership in several categories.

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Price Band

₹309 - ₹325

Dates

19 Aug - 21 Aug

GMP

₹28 (8.62%)

Subscriptions

30.27 times

Issue Size

₹451.25 Crs

Gem Aromatics IPO Key Dates
Opening Date

19 Aug 25

Closing Date

21 Aug 25

Basis Of Allotment

22 Aug 25

Initiations Of Refund

25 Aug 25

Credit Of Shares

25 Aug 25

Listing Date

26 Aug 25

Gem Aromatics IPO Objects

  1. Prepayment in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary
  2. General corporate purposes

Gem Aromatics IPO Details
Price Band

₹309 - ₹325

Listing At

NSE & BSE

IPO Issue Type

100% Book Built Offer

Fresh Issue

₹175.00 Cr (0.54 Cr Shares)

Offer For Sale

₹276.25 Cr (0.85 Cr Shares)

Total Issue

₹451.25 Cr (1.39 Cr Shares)

Face Value

₹2 per equity share

Gem Aromatics IPO Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 1 46 14,950
Maximum 13 598 1,94,350
Small HNI
Minimum 14 644 2,09,300
Maximum 66 3,036 9,86,700
Big HNI
Minimum 67 3,082 10,01,650
Gem Aromatics IPO Subscription

Updated as on 21-Aug-2025 19:00:00

Investor Category Subscription (times) Shares Offered Shared Bid
QIB 55.28 27,00,647 14,92,90,470
NII 45.06 21,24,515 9,57,30,186
bNII (bids above ₹10L) 47.53 14,16,344 6,73,12,950
sNII (bids between ₹2L to ₹10L) 40.13 7,08,171 2,84,17,236
Retail 10.31 49,57,201 5,10,94,546
Total 30.27 97,82,363 29,61,15,202
Gem Aromatics IPO GMP

The estimated Grey Market Premium of Gem Aromatics IPO is ₹28 per share (8.62%)

Category Allocation
Particulars Allocation
QIBs Not more than 50% of Net Offer
Big HNIs (NII) Not less than 10% of Net Offer
Small HNIs (NII) Not less than 5% of Net Offer
Retail Not less than 35% of Net Offer
Gem Aromatics IPO Financials

(Rs. in crores)

Particulars Mar-25 Mar-24 Mar-23 Mar-22
Revenue from Operations 503.95 452.45 424.79 314.33
Profit after Tax 53.38 50.10 44.67 31.19
Net Worth 283.98 230.55 179.53 138.16
Total Borrowing 222.37 111.13 89.36 76.92
Total Assets 534.52 368.57 295.76 239.68
NAV per share (in ₹) 60.61 49.21 38.32 29.49
EPS - Basic (in ₹) 11.39 10.69 9.53 6.66

The financial information presented is on a consolidated basis.

Key Performance Indicators
KPI Values
EBITDA 17.55%
PAT 10.56%
ROE 18.80%
ROCE 16.02%
Net Debt to Equity 0.78
PE Ratio 28.53
PB Ratio 5.36
Mkt Cap (in Crs.) 1,697.71
  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.
Gem Aromatics IPO Peer Comparision

(Rs. in crores)

Particulars Gem Aromatics Clean Science Privi Speciality Camlin Fine Sciences Yasho Industries S H Kelkar Oriental Aromatics
Revenue from Ops (in Crs.) 503.95 966.64 2,101.19 1,666.53 668.50 2,123.40 928.26
PAT (In Crs.) 53.38 264.41 184.75 -158.12 6.11 73.01 34.33
EPS - Basic 11.39 24.88 47.87 -8.03 5.32 5.40 10.20
NAV per share 60.61 133.29 282.47 46.23 348.09 90.66 196.20
RONW 18.80% 18.67% 16.95% -16.01% 1.46% 5.83% 5.20%
EBITDA 17.55% 40.10% 21.58% 11.93% 16.38% 11.07% 10.06%
PAT Margin 10.56% 26.30% 8.71% -9.41% 0.90% 3.40% 3.69%
Price to earning (PE) 28.53 57.33 50.51 NA 374.92 42.33 36.97
Net Debt to Equity 0.78 -0.01 0.97 0.55 1.31 0.52 0.51
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 11, 2025 for Peers
Gem Aromatics IPO Peer Comparision

(Rs. in crores)

Particulars Gem Aromatics
Revenue from Ops (in Crs.) 503.95
PAT (In Crs.) 53.38
EPS - Basic 11.39
NAV per share 60.61
RONW 18.80%
EBITDA 17.55%
PAT Margin 10.56%
Price to earning (PE) 28.53
Net Debt to Equity 0.78
Clean Science Privi Speciality Camlin Fine Sciences Yasho Industries S H Kelkar Oriental Aromatics
966.64 2,101.19 1,666.53 668.50 2,123.40 928.26
264.41 184.75 -158.12 6.11 73.01 34.33
24.88 47.87 -8.03 5.32 5.40 10.20
133.29 282.47 46.23 348.09 90.66 196.20
18.67% 16.95% -16.01% 1.46% 5.83% 5.20%
40.10% 21.58% 11.93% 16.38% 11.07% 10.06%
26.30% 8.71% -9.41% 0.90% 3.40% 3.69%
57.33 50.51 NA 374.92 42.33 36.97
-0.01 0.97 0.55 1.31 0.52 0.51
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 11, 2025 for Peers
Promoter Details
Name Shareholding
Vipul Parekh 26.58%
Parekh Family Trust 22.62%
Yash Vipul Parekh 13.07%
Kaksha Vipul Parekh 12.73%
Total 75.00%
Management Details
Name Designation
Vipul Parekh Chairman
Yash Vipul Parekh MD & CEO
Kaksha Vipul Parekh CFO
Company Details

Name: Gem Aromatics Limited

Address: A/410, Kailas Complex, Vikhroli Powai Link Road, Park Site, Vikhroli (W), Mumbai – 400 079, Maharashtra, India

Number: +91 93221 21990

Email: secretarial@gemaromatics.in

Website: www.gemaromatics.com

Book Running Lead Managers (BRLMs)
Company
Motilal Oswal Investment
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RTAs
Company
KFin Technologies
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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Gem Aromatics IPO is a Mainboard IPO having an issue size of Rs. ₹451.25 Crs. Gem Aromatics IPO is priced at ₹309 - ₹325 per share. The issue opens on 19 Aug 25 and closes on 21 Aug 25.

Gem Aromatics IPO opens on 19 Aug 25 and closes on 21 Aug 25.

The estimated Grey Market Premium of Gem Aromatics IPO is ₹28 per share (8.62%).

The minimum lot size of Gem Aromatics IPO is 46 shares & the minimum application amount is Rs. 14950.

The allotment date of Gem Aromatics IPO is 22 Aug 25.

The listing date of Gem Aromatics IPO is 26 Aug 25.

Gem Aromatics IPO is subscribed 30.27 times.

Gem Aromatics IPO is priced at ₹309 - ₹325 per share.

Click the allotment link on Gem Aromatics IPO page of IPO360.

  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app

  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app

  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Gem Aromatics IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date