Gem Aromatics
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MAINBOARDClosed
IPO Timeline
Issue open date
19 Aug 2025Issue close date
21 Aug 2025UPI mandate deadline
21 Aug 2025Allotment finalization
22 Aug 2025Refund initiation
25 Aug 2025Share credit
25 Aug 2025Listing date
26 Aug 2025Mandate end date
8 Aug 2025Lock-in end date for anchor investors (50%)
21 Sep 2025Lock-in end date for anchor investors (remaining)
20 Nov 2025Grey Market Premium Trend
₹28
Current GMP
₹353
Est. Listing Price
8.6%
Est. Listing Gain
₹309 - ₹325
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 18 Aug | ₹28 | ₹353 | 8.62% |
| 17 Aug | ₹28 | ₹353 | 8.62% |
| 16 Aug | ₹35 | ₹360 | 10.77% |
| 15 Aug | ₹38 | ₹363 | 11.69% |
| 14 Aug | ₹41 | ₹366 | 12.62% |
| 13 Aug | ₹0 | ₹325 | 0.00% |
| 12 Aug | ₹0 | ₹325 | 0.00% |
Key Dates
Open
19 Aug 2025Close
21 Aug 2025Listing
26 Aug 2025Quick Stats
Issue Size:451cr
Lot Size:46 shares
Issue Details
Issue Size:451cr
About the Company
Gem Aromatics is a Mumbai-based company engaged in the manufacturing of essential oils and aroma chemicals. Founded in 1997, the company serves the global flavour and fragrance industry with a broad range of products. With a focus on quality, compliance, and innovation, Gem Aromatics has established a presence in both domestic and international markets, supplying to clients across the USA, UK, France, and other regions.
Strengths
- Diverse product range with strong domestic and global client relationships
- Modern manufacturing infrastructure and R&D focus
- Strong relationships with prominent clients like Colgate-Palmolive, Dabur, and Patanjali.
- Steady revenue growth in recent financial years
Risks
- High dependence on a few major customers, especially doTERRA
- Dependence on mint and mint derivatives, accounting for approximately 73% of revenue in FY 2024.
- Ongoing litigation concerning land at the Budaun facility
- No long-term contracts with key customers and suppliers
- Vulnerable to raw material price volatility and regulatory changes
Gem Aromatics IPO – Frequently Asked Questions
- The price band for the Gem Aromatics IPO is set at ₹309 to ₹325 per share.
- The Gem Aromatics IPO opens on August 19, 2025 and closes on August 21, 2025.
- The tentative listing date for the Gem Aromatics IPO is August 26, 2025.
- You can apply for the Gem Aromatics IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Gem Aromatics, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Gem Aromatics IPO is 46 shares. Investors must apply for at least one lot (i.e., 46 shares).