Gem Aromatics IPO is a book-built issue IPO, aiming to raise ₹451.25 crore. It comprises a fresh issue of 53.84 lakh equity shares aggregating to ₹175.00 crore and an offer for sale of 85.00 lakh equity shares amounting to ₹276.25 crore. The bidding window was open from August 19, 2025, to August 21, 2025, with the IPO allotment to be finalised on August 22, 2025. Gem Aromatics is scheduled to list on BSE and NSE on August 26, 2025.
The IPO was priced at ₹325 per share with a lot size of 46 shares. The public issue received bids for 29.59 crore shares against 97.19 lakh shares available, resulting in an overall subscription of 30.45 times. QIBs led the response, subscribing 53.76 times, followed by NIIs at 45.96 times and retail investors at 10.49 times.
Gem Aromatics’ ₹451.25 crore IPO, priced at ₹325 per share, was subscribed 30.45 times overall. The IPO is a fresh issue of 53.84 lakh equity shares aggregating to ₹175.00 crore and an offer for sale of 85.00 lakh equity shares amounting to ₹276.25 crore. Bidding took place from August 19 to August 21, 2025, with the Gem Aromatics IPO allotment status on August 22, 2025. Retail investors subscribed 10.49 times and NIIs 45.96 times. Listing is expected on August 26, 2025.
The table below breaks down the Gem Aromatics share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
Investor Category | Shares Offered |
QIB Shares Offered | 69,42,308 (50.00%) |
− Anchor Investor Shares Offered | 41,65,383 (30.00%) |
− QIB (Ex. Anchor) Shares Offered | 27,76,925 (20.00%) |
NII (HNI) Shares Offered | 20,82,692 (15.00%) |
− bNII > ₹10L | 13,88,462 (10.00%) |
− sNII < ₹10L | 6,94,231 (5.00%) |
Retail Shares Offered | 48,59,615 (35.00%) |
Total Shares Offered | 1,38,84,616 (100.00%) |
Data Source: NSE
Category | Subscription (times) |
Qualified Institutional Buyers | 53.76 |
Non-Institutional Investors | 45.96 |
Retail Individual Investors | 10.49 |
Total | 30.45 |
Note: The subscription details are as of August 21, 2025
Gem Aromatics Limited, incorporated in October 1997, is engaged in the manufacturing of speciality ingredients with a focus on essential oils, aroma chemicals, and value-added derivatives. Over the past two decades, the company has built its reputation as a key supplier to industries such as oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, and personal care.
The company’s portfolio comprises more than 70 distinct products, broadly categorised into four groups: Mint and its derivatives, Clove and its derivatives, Phenol, and other synthetic and natural ingredients. These products act as the foundation for a variety of consumer applications, making Gem Aromatics an integral part of several industrial value chains. By offering both mother ingredients and advanced value-added derivatives, the company ensures that it can serve diverse customer requirements.
In addition to its technical strengths, Gem Aromatics benefits from long-standing relationships with reputed customers in India and abroad. These enduring ties have helped the company achieve stability in revenue, supported by repeat orders from trusted partners. Its strategically located manufacturing facilities also play a vital role in delivering cost efficiencies and meeting sustainability goals.
The company is promoted by Vipul Parekh, Kaksha Vipul Parekh, Yash Vipul Parekh, and the Parekh Family Trust, who together hold 75% of the company’s shares before the IPO. Their leadership, industry expertise, and focus on building a sustainable business model have been instrumental in Gem Aromatics’ growth and market positioning.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 21, 2025, 9:27 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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