Gem Aromatics IPO – Full Details, Dates, GMP, Subscription & Should You Apply?
Gem Aromatics IPO has grabbed attention since Day 1, with full subscription and a steady GMP showing investor confidence. In this post, we’ll break down everything you need to know—price band, issue size, GMP, financials, strengths, risks, and whether you should consider subscribing.
Table of Contents
- IPO Overview
- About the Company
- Financial Highlights
- What the IPO Proceeds Will Be Used For
- Grey Market Premium (GMP)
- Subscription Status
- Allotment & Listing Dates
- Positives & Risks
- FAQs – Gem Aromatics IPO
IPO Overview
| Price Band | ₹309 – ₹325 per share |
|---|---|
| Issue Size | ₹451.25 Crore (Fresh ₹175 Cr + OFS ₹276.25 Cr) |
| Lot Size | 46 shares |
| Min Retail Investment | ₹14,950 |
| IPO Open | 19 August 2025 |
| IPO Close | 21 August 2025 |
| CGLOB Market Cap (upper band) | ~₹1,697 Cr |
| Registrar | KFin Technologies Ltd |
About the Company
Gem Aromatics is a leading manufacturer of specialty ingredients—like essential oils, aroma chemicals, and value-added derivatives—with over two decades of experience. They offer 70 products across categories such as mint, clove, phenol, and other aroma compounds, serving 225 domestic and 44 international customers across 18 countries.
Financial Highlights (FY25 vs FY24)
- Revenue: ₹505.6 Cr (up from ₹454.2 Cr in FY24)
- PAT: ₹53.4 Cr (up from ₹50.1 Cr)
- EBITDA: ₹88.5 Cr, EBITDA Margin: ~17.5%
- Post-IPO Market Cap (Upper Band): ~₹1,697 Cr
What Will the IPO Proceeds Be Used For?
- Repayment/prepayment of borrowings (~₹140 Cr)
- General corporate purposes
Grey Market Premium (GMP)
GMP started around 6%, rose to solidified levels of ₹24–₹26 by Day 2, and continues showing strength—indicative of ~7–8% listing gains expected.
Subscription Status
- Day 1: Fully subscribed within hours
- Day 2: ~2.9× overall subscription (Retail ~3.19×, NII ~3.95×, QIB ~1.54×)
- Day 3: 26.08x subscribed
Allotment & Listing Dates
- Basis of Allotment: 22 August 2025
- Refunds Initiated / Share Credit: 25 August 2025
- Listing Date: 26 August 2025 (NSE & BSE)
Positives & Risks
- Positives: Diversified product portfolio; strong export presence; solid financials; backed by R&D & marquee clients
- Risks: Customer concentration (top 10 clients = 52% of revenue); reliance on mint derivatives (~72% of revenue); currency and supplier risks; pending litigation.
FAQs – Gem Aromatics IPO
- What is the price band? ₹309–₹325 per share.
- When can I apply? 19–21 August 2025.
- What is the lot size? 46 shares (min ₹14,950).
- GMP today? Approximately ₹24–₹26 (≈7–8%).
- How much was it subscribed? ~2.9× on Day 2.
- IPO objectives? Debt repayment and corporate purposes.
- When will it list? Likely on 26 August 2025.
Disclaimer:
This post is for informational purposes only. Please do your own research or consult a financial advisor before investing. IPO investments are subject to market risks.
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