Gem Aromatics IPO is a book-built issue valued at ₹451.25 crores. The offer comprises a fresh issue of 0.54 crore shares totaling ₹175.00 crores and an offer for sale (OFS) of 0.85 crore shares aggregating to ₹276.25 crores.
The Gem Aromatics IPO will open for subscription on August 19, 2025, and close on August 21, 2025. The IPO allotment is expected to be finalized on August 22, 2025, with a tentative listing date on BSE and NSE set for August 26, 2025.
The IPO price band is fixed at ₹309.00 to ₹325.00 per share. The lot size for retail investors is 46 shares, requiring a minimum investment of ₹14,214. For sNII (Small Non-Institutional Investors), the lot size is 14 lots (644 shares) amounting to ₹2,09,300, while for bNII (Big Non-Institutional Investors), it is 67 lots (3,082 shares) amounting to ₹10,01,650.
Gem Aromatics IPO Details
| General | Detail |
|---|---|
| IPO Date | August 19, 2025 to August 21, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹309 to ₹325 per share |
| Lot Size | 46 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,38,84,615 shares (aggregating up to ₹451.25 Cr) |
| Fresh Issue | 53,84,615 shares (aggregating up to ₹175.00 Cr) |
| Offer for Sale | 85,00,000 shares of ₹2 (aggregating up to ₹276.25 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,68,52,523 shares |
| Share Holding Post Issue | 5,22,37,138 shares |
Gem Aromatics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net Issue |
Gem Aromatics IPO Lot Size
Investors can place bids starting from a minimum of 46 shares and in multiples thereafter. The table below outlines the minimum and maximum investment limits for Retail Individual Investors and HNIs in both shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,950 |
| Retail (Max) | 13 | 598 | ₹1,94,350 |
| S-HNI (Min) | 14 | 644 | ₹2,09,300 |
| S-HNI (Max) | 66 | 3,036 | ₹9,86,700 |
| B-HNI (Min) | 67 | 3,082 | ₹10,01,650 |
Gem Aromatics IPO Promoter Holding
The company’s promoters include Vipul Parekh, Kaksha Vipul Parekh, Yash Vipul Parekh, and the Parekh Family Trust.
| Share Holding Pre Issue | 75% |
| Share Holding Post Issue | 55.06% |
Note: The value is calculated as Equity Dilution = Shareholding (Pre-Issue) − Shareholding (Post-Issue).
Gem Aromatics IPO Date
| IPO Timeline | Dates |
|---|---|
| IPO Open Date | Tue, Aug 19, 2025 |
| IPO Close Date | Thu, Aug 21, 2025 |
| Tentative Allotment | Fri, Aug 22, 2025 |
| Initiation of Refunds | Mon, Aug 25, 2025 |
| Credit of Shares to Demat | Mon, Aug 25, 2025 |
| Tentative Listing Date | Tue, Aug 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2025 |
About Gem Aromatics IPO
Gem Aromatics Ltd. is a leading manufacturer and exporter of fragrances, essential oils, and aroma chemicals, catering to a wide spectrum of industries including cosmetics, personal care, home care, and food & beverage. Founded in the early 1990s, the company began its journey with a modest manufacturing unit and a small team of skilled perfumers. Over the years, it has expanded into a global fragrance powerhouse with a presence in over 25 countries.
The company operates state-of-the-art manufacturing facilities equipped with advanced distillation units, automated blending systems, and a dedicated R&D center to develop innovative fragrance compositions. Its production capacity now exceeds 2,500 metric tonnes annually, with facilities adhering to international quality certifications such as ISO 9001, ISO 14001, and IFRA compliance.
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Gem Aromatics Ltd. has executed multiple high-value contracts with multinational FMCG brands, supplying customized fragrance solutions for soaps, detergents, shampoos, perfumes, and air fresheners. It has also entered strategic partnerships and distribution deals in the Middle East, Europe, and Southeast Asia, boosting its export footprint significantly.
With a workforce of over 400 skilled professionals, including master perfumers, chemical engineers, and technical experts, the company ensures precision in every batch it delivers. Its diverse product portfolio includes natural essential oils, synthetic aroma chemicals, and fine fragrances tailored to client requirements.
Over the last decade, Gem Aromatics IPO GMP has become a point of interest among investors, as the company continues to strengthen its financial performance, expand its manufacturing capabilities, and secure long-term supply agreements with global brands. The company’s Gem Aromatics IPO GMP performance reflects investor confidence in its growth trajectory and market leadership.
The company owns significant assets, including high-capacity blending plants, storage facilities, and a dedicated export hub near major shipping ports, ensuring efficient supply chain operations. Through continuous innovation and sustainable manufacturing practices, Gem Aromatics Ltd. has positioned itself as a trusted partner for fragrance and aroma solutions worldwide.
Company Products
- Natural Essential Oils – Lavender, eucalyptus, peppermint, lemongrass, and more
- Synthetic Aroma Chemicals – Aldehydes, esters, and other fragrance ingredients
- Fine Fragrances – Perfumes, deodorants, and body mists for personal care brands
- Home Care Fragrances – For detergents, air fresheners, candles, and cleaning products
- Food-Grade Flavors & Essences – For beverages, confectionery, and bakery items
Company Strengths
- Strong Global Client Base with repeat orders from FMCG majors
- Advanced R&D Capabilities for fragrance innovation
- Diverse Product Portfolio catering to multiple industries
- High Export Potential with established overseas distribution networks
- Sustainable & Eco-Friendly Manufacturing Practices
Competitor Companies
- S H Kelkar & Company Ltd. – Leading fragrance and flavor manufacturer in India
- Givaudan India Pvt. Ltd. – Global fragrance industry leader
- Symrise India Pvt. Ltd. – Multinational flavor and fragrance supplier
- Firmenich Aromatics India Pvt. Ltd. – Renowned perfumery brand
- MANE India Pvt. Ltd. – Premium fragrance and flavor company
Company Financials
Gem Aromatics Ltd. Financial Information
Gem Aromatics Ltd. reported an 11% growth in revenue and a 7% rise in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2025.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 534.52 | 368.57 | 295.76 |
| Total Income | 505.64 | 454.23 | 425.09 |
| Profit After Tax | 53.38 | 50.10 | 44.67 |
| EBITDA | 88.45 | 78.35 | 66.19 |
| Net Worth | 283.98 | 230.55 | 179.53 |
| Reserves and Surplus | 278.26 | 224.88 | 182.36 |
| Total Borrowing | 222.37 | 111.13 | 89.36 |
| Amount in ₹ Crore | |||
Key Performance Indicator (KPI)
The market capitalization of Gem Aromatics IPO stands at ₹1,697.71 crore.
| KPI | Values |
|---|---|
| ROE | 18.80% |
| ROCE | 16.02% |
| Debt/Equity | 0.78 |
| RoNW | 18.80% |
| PAT Margin | 10.56% |
| EBITDA Margin | 17.55% |
| Price to Book Value | 5.36 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.39 | 10.22 |
| P/E (x) | 28.52 | 31.8 |
- Note:
- The Pre-IPO EPS is calculated using the pre-issue shareholding as mentioned in the RHP and the latest FY earnings for the period ending March 31, 2025, as available in the RHP. The Post-Issue EPS is calculated based on the post-issue shareholding and the annualized FY earnings for the same period, as stated in the RHP.
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | 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; and | 140.00 |
| 2 | General Corporate Purposes |
Gem Aromatics IPO Contact Details
Gem Aromatics Ltd. Contact Details
- Gem Aromatics Ltd.
A/410, Kailas Complex, Vikhroli Powai Link
Road, Park Site,
Vikhroli (W)
Mumbai, Maharashtra, 400079
Phone: +91 22 25185231
Email: secretarial@gemaromatics.in
Website: http://www.gemaromatics.com/
Gem Aromatics IPO Registrar
- Phone: 04067162222, 04079611000
- Email: gem.ipo@motilaloswal.com
- Website: https://ipostatus.kfintech.com/
- Total issue size: ₹410.71 crore
- Fresh issue: ₹410.71 crore (1.63 crore shares)
- Offer for Sale (OFS): Not applicable
- Price band: ₹240 to ₹252 per share
- Lot size: 58 shares
- Minimum investment (Retail): ₹13,920
- Minimum investment (sNII): ₹2,04,624 for 14 lots (812 shares)
- Minimum investment (bNII): ₹10,08,504 for 69 lots (4,002 shares)
- Allotment Date: August 22, 2025 (Tentative)
- Listing Date: August 26, 2025 (Tentative)
- Exchanges: BSE and NSE
- Revenue change (FY24 to FY25): Down 17%
- PAT growth (FY24 to FY25): Up 13%
- Market Capitalization post IPO: ₹4,105.54 crore
- Ashokkumar Haridas Lal
- Jitendra Haridas Lal
- Specializes in dry-bulk cargo shipping and logistics
- Operates across 20+ ports and jetties in India and Sri Lanka
- Services include cargo handling, transportation, fleet chartering, and equipment rentals
- Caters to sectors like Oil & Gas, FMCG, Metals, and Energy
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