Gem Aromatics Ltd IPO Day 3 - Issue Subscribed30.27x, GMP at ₹26
The Initial Public Offering (IPO) for Gem Aromatics Ltd is closing today on August 21, 2025. Gem Aromatics IPO was opened on August 19, 2025 for public subscription with an issue size of ₹451.25 crores. The IPO allotment process is expected to be finalised on August 22, 2025 .
The shares of Gem Aromatics Ltd will be listed both on NSE and BSE. The tentative listing date is fixed as August 26, 2025.
IPO Details
Gem Aromatics IPO is a bookbuilding of ₹451.25 crores. The issue is a combination of fresh issue of 0.54 crore shares aggregating to ₹175.00 crores and offer for sale (OFS) of 0.85 crore shares aggregating to ₹276.25 crores.
The IPO price band is set between ₹309 to ₹325 and the minimum lot size for an application is 46. The minimum investment amount required for retail investor is ₹14,214 (46 shares).
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
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Gem Aromatics IPO Day 3 Subscription Status
(August 21, 2025, 5 PM )
On Day 3, Gem Aromatics IPO saw a subscription of 30.27 times. The public issue was subscribed 10.31 times in the retail category, 45.06 times in QIB, and 55.28 times in the NII category.
Also Read : Gem Aromatics IPO Day 1 Subscription Status , Gem Aromatics IPO Day 2 Subscription Status
Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and its subsidiary, Krystal Ingredients Private Limited.
- General Corporate Purposes.
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Gem Aromatics GMP Details
According to Livemint, the Grey Market Premium (GMP) of Gem Aromatics Ltd is ₹26 as of August 21, 2025, 09:31 a.m. This indicates that the estimated listing price can be ₹351 as per the upper price band, which is ₹325. The estimated gain per share is 8%.
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Source: Livemint Media Report dated August 21, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Gem Aromatics Ltd - Business Overview
Gem Aromatics Limited, founded in 1997, is a leading Indian manufacturer of essential oils, aroma chemicals, and specialty ingredients. The company serves industries such as flavors, fragrances, personal care, nutraceuticals, and pharmaceuticals.
The compnay supplies to reputed FMCG companies like Colgate-Palmolive, Dabur, and Patanjali. It also has a subsidiary in the U.S. for distribution, strengthening its international presence.
The company has shown consistent growth, with revenues rising from ₹424.79 crore in FY23 to ₹503.95 crore in FY25, and profits increasing from ₹44.67 crore to ₹53.38 crore in the same period.
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