Gem Aromatics IPO: Check IPO Date, Live Subscription and Key Details
Gem Aromatics Limited, established in 1997, is a leading manufacturer of specialty ingredients, including essential oils, aroma chemicals, and value-added derivatives. The company's products are used in a wide range of industries such as oral care, cosmetics, nutraceuticals, pharmaceuticals, personal care, and wellness. Gem Aromatics offers 70 products across four categories: mint and mint derivatives, clove and clove derivatives, phenol, and other synthetic and natural ingredients. The company serves domestic and global customers, including prominent names like Colgate-Palmolive, Dabur India, Patanjali Ayurved, and Symrise. It operates three manufacturing facilities in Uttar Pradesh, Dadra and Nagar Haveli, and Gujarat, supported by an in-house R&D facility in Maharashtra with a team of 13 scientists.
Price Range
₹309.00-325.00
Issue Size
451.25
Lot Size
46 shares
IPO Type
Mainboard
GMP
₹28(+8.62%)
Est. Listing Price
₹353
Invisible
-
Invisible
-
Key Metrics
Check Live GMP
Face Value
₹2
EPS
10.22
P/E Ratio
31.8
RoNW
18.8%
ROE
18.8%
Debt to Equity
0.78
Timeline
IPO Opens
19 Aug
IPO Closes
21 Aug
Allotment
22 Aug
Listing
26 Aug
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 19 August 2025 | Subscription starts |
| IPO Close Date | 21 August 2025 | Subscription ends |
| Allotment Date | 22 August 2025 | Allotment |
| Listing Date | 26 August 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,950 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,350 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,300 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,86,700 |
BHNIAbove ₹10,00,000 | 67 | ₹10,01,650 |
IPO Objectives
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary, Krystal Ingredients Private Limited.
- General Corporate Purposes.
Strengths
- The company is an established manufacturer of specialty ingredients and has a strong global market presence, with a wide product range of 70 items across four key categories.
- They have long-standing relationships with well-known customers, including major players like Colgate-Palmolive and Dabur, which provides a stable business base.
- The company has strategically located manufacturing facilities and an in-house team of 13 scientists for continuous product development and research.
- It has shown consistent financial performance with an 11% increase in revenue and a 7% increase in profit after tax (PAT) in FY25, along with strong return ratios.
- The company is led by experienced promoters and a management team with a deep understanding of the specialty ingredients industry.
Weaknesses
- There is a high dependency on a few key raw materials like mint and clove, and a single product category (mint derivatives), making the company vulnerable to price volatility and supply disruptions.
- A significant portion of its revenue comes from exports (83% in FY25), which exposes the business to foreign exchange rate fluctuations, geopolitical risks, and international trade policies.
- The IPO includes a significant Offer for Sale (OFS) component, meaning a large portion of the money will not be invested directly into the company for its growth.
- The company has a high level of debt with borrowings of over ₹222 crore, which, despite a partial repayment from the IPO, still poses a financial risk.
- It operates in a highly competitive specialty chemicals sector, which can lead to pricing pressures and impact profitability due to competition from both domestic and international players.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 534.52 | 368.57 | 295.76 |
| Revenue (₹ Cr.) | 505.64 | 454.23 | 425.09 |
| PAT (₹ Cr.) | 53.38 | 50.1 | 44.67 |
| Net Worth (₹ Cr.) | 283.98 | 230.55 | 179.53 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Gem Aromatics | 5.36 | 31.8 | 18.8% | 283.98 |
| Clean Science and Technology | 8.74 | 46.12 | 18.67% | 1,416 |
| Privi Speciality Chemicals | 8.68 | 44.02 | 16.95% | 1,118 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.03x | 1.5x | 53.76x |
| NII | 0.89x | 4.03x | 45.96x |
| S-HNI | 1.32x | 6.17x | 40.91x |
| B-HNI | 0.68x | 2.96x | 48.48x |
| RII | 1.1x | 3.25x | 10.49x |
| Total | 1.04x | 2.92x | 30.45x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 27,76,925 | 14,92,90,470 | 4,851.94 |
| NII | 20,82,692 | 9,57,15,834 | 3,110.76 |
| Small NII | 6,94,231 | 2,84,02,884 | 923.09 |
| Big NII | 13,88,462 | 6,73,12,950 | 2,187.67 |
| RII | 48,59,615 | 5,09,90,448 | 1,657.19 |
| Total | 97,19,232 | 29,59,96,752 | 9,619.89 |
Company Details
- Gem Aromatics Ltd.
- A/410, Kailas Complex, Vikhroli Powai Link Road, Park Site, Vikhroli (W), Mumbai, Maharashtra-400079
- +91 22 25185231
- secretarial@gemaromatics.in
- http://www.gemaromatics.com/
Registrar Details
- Kfin Technologies Ltd.
- 04067162222, 04079611000
- gem.ipo@motilaloswal.com
- https://ipostatus.kfintech.com/