Gem Aromatics IPO Subscription Status
Gem Aromatics IPO closed on 21 August 2025 with an overall subscription of 30.45x based on shares applied. QIB demand came in at 53.76x, NII at 45.96x, and retail at 10.51x.
Allotment will be finalised on 22 August 2025. The stock is scheduled to list on NSE and BSE on 26 August 2025.
Issue Price
Rs 325.00
GMP Today
Rs 33.00 (+10.15%)
Overall Subscription
30.45x
Issue Size
₹451.25 Cr
Allotment Date
22 Aug 2025
Listing Date
26 Aug 2025
Gem Aromatics IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 325.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 90.25 Cr | Rs 4,851.94 Cr | 53.76x |
| FII | - | Rs 1,089.44 Cr | - |
| DFI | - | Rs 2,271.79 Cr | - |
| Mutual Funds | - | Rs 50.44 Cr | - |
| Other | - | Rs 1,440.27 Cr | - |
| NII | Rs 67.69 Cr | Rs 3,111.23 Cr | 45.96x |
| bNII (above Rs 10L) | Rs 45.12 Cr | Rs 2,187.67 Cr | 48.48x |
| Corporate | - | Rs 42.51 Cr | - |
| Individual | - | Rs 2,049.14 Cr | - |
| Other | - | Rs 96.03 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 22.56 Cr | Rs 923.56 Cr | 40.93x |
| Corporate | - | Rs 4.33 Cr | - |
| Individual | - | Rs 876.28 Cr | - |
| Other | - | Rs 42.95 Cr | - |
| Retail | Rs 157.94 Cr | Rs 1,660.57 Cr | 10.51x |
| Cut-off price | - | Rs 1,330.46 Cr | - |
| Fixed price | - | Rs 330.11 Cr | - |
| Total | Rs 315.87 Cr | Rs 9,623.74 Cr | 30.47x |
Gem Aromatics IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 27,76,923 | 1,109 | 0.00x |
| FII | - | 27 | - |
| DFI | - | 18 | - |
| Mutual Funds | - | 572 | - |
| Other | - | 492 | - |
| NII | 3,234 | 65,037 | 20.11x |
| bNII (above Rs 10L) | 2,156 | 21,558 | 10.00x |
| Corporate | - | 422 | - |
| Individual | - | 20,181 | - |
| Other | - | 955 | - |
| sNII (Rs 2L to Rs 10L) | 1,078 | 43,479 | 40.33x |
| Corporate | - | 207 | - |
| Individual | - | 41,239 | - |
| Other | - | 2,033 | - |
| Retail | 1,05,644 | 10,04,626 | 9.51x |
| Cut-off price | - | 8,04,025 | - |
| Fixed price | - | 2,00,601 | - |
| Total | 28,85,801 | 10,70,772 | 0.37x |
What Do These Subscription Numbers Mean?
A subscription of 30.45x by shares means the IPO received bids for 30 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 53.76x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 53.76x, it reflects serious institutional conviction.
NII at 20.11x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 10.00x and sNII at 40.33x by applications. Share subscription was 45.96x. Allotment uses application count, not share volume.
At 9.51x subscription by applications, approximately 1 in 10 retail applicants can expect an allotment (~11% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 10.51x. Allotment uses application count, not share volume.
Gem Aromatics IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 9.51x.
- •Allotment odds: about 1 in 10 (~11% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 10.51x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 40.33x.
- •Allotment odds: about 1 in 40 for a minimum-lot application (~2% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 40.93x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 10.00x.
- •Allotment odds: about 1 in 10 for a minimum-lot application (~10% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 48.48x. Allotment uses application count, not share volume.
Check the Gem Aromatics IPO Allotment Status page from 22 August 2025 for your allotment result.
Gem Aromatics IPO GMP After Subscription
GMP for Gem Aromatics IPO stands at Rs 33.00 today, giving an estimated listing price of Rs 358.00 per share.
A subscription of 30.45x combined with a GMP of 10.15% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Gem Aromatics IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Gem Aromatics IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 19 Aug 2025 | 1.03x | 0.89x | 1.10x | 1.04x |
| Day 2 - 20 Aug 2025 | 1.50x | 4.03x | 3.25x | 2.92x |
| Day 3 - 21 Aug 2025 | 53.76x | 45.96x | 10.49x | 30.45x |
Gem Aromatics IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 19 August 2025 |
| IPO Close Date | 21 August 2025 |
| Allotment Date | 22 August 2025 |
| Refund Initiation | 23 August 2025 |
| Share Credit to Demat | 23 August 2025 |
| Listing Date | 26 August 2025 |
| Minimum Investment | Rs 14,950.00 |
| Lot Size | 46 shares |
About Gem Aromatics IPO
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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Gem Aromatics IPO Subscription FAQs
What is Gem Aromatics IPO IPO subscription status today?
Gem Aromatics IPO IPO subscription closed on 21 August 2025 with overall subscription of 30.45x (by shares) as of 27 June 2026, 3:01 AM IST. QIB 53.76x, NII 20.11x, Retail 9.51x.
What is the overall subscription of Gem Aromatics IPO IPO?
Gem Aromatics IPO IPO is subscribed 30.45x overall by shares at close on 21 August 2025. QIB 53.76x, NII 20.11x, and Retail 9.51x.
What is Gem Aromatics IPO IPO QIB subscription?
Gem Aromatics IPO IPO QIB (Qualified Institutional Buyers) subscription is 53.76x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Gem Aromatics IPO IPO Retail subscription?
Gem Aromatics IPO IPO Retail subscription is 9.51x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Gem Aromatics IPO IPO NII subscription?
Gem Aromatics IPO IPO NII (Non-Institutional Investors) subscription is 20.11x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Gem Aromatics IPO IPO for retail?
At 9.51x subscription by applications, approximately 1 in 10 retail applicants can expect an allotment (~11% per application). Allotment is done by lottery. Share subscription was 10.51x. Allotment uses application count, not share volume.
When is Gem Aromatics IPO IPO allotment date?
Gem Aromatics IPO IPO allotment date is 22 August 2025. Check Gem Aromatics IPO Allotment Status on IPOwiz from that day using your PAN.
When does Gem Aromatics IPO IPO subscription close?
Gem Aromatics IPO IPO subscription closed on 21 August 2025. No new applications are accepted after the close.
What is Gem Aromatics IPO IPO GMP today?
Gem Aromatics IPO IPO GMP is ₹33 today (+10.15% over issue price ₹325). See live GMP on the Gem Aromatics IPO GMP Today page.
What is Gem Aromatics IPO IPO issue price and lot size?
Gem Aromatics IPO IPO issue price is ₹325 per share. Lot size is 46 shares. Minimum investment is ₹14,950 per lot. Issue size: ₹451.25 Cr.
When is Gem Aromatics IPO IPO listing date?
Gem Aromatics IPO IPO listing date is 26 August 2025 on NSE and BSE. Allotment is on 22 August 2025.
How does subscription affect Gem Aromatics IPO IPO allotment?
Allotment odds in Gem Aromatics IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 20.11x by applications means roughly 1 in 20 for minimum-lot bids; bNII at 10.00x (~1 in 10). At 30.45x overall, competition is high.
For allotment results from 22 August 2025, visit the Gem Aromatics IPO Allotment Status page. For listing day updates on 26 August 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.