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IPO Analysis > gem-aromatics-ipo-mainboard

Gem Aromatics Logo  Gem Aromatics IPO: A Detailed Review 

In 2025, the Asia-Pacific region led the consumer market with a 48.9% share. It is expected to grow 5.2% annually, while America and Europe follow.

The Gem Aromatics IPO manager is Motilal Oswal Investment, while the registrar is KFin Technologies. Check here for allotment status.

See the Gem Aromatics IPO RHP here. 

Note: Half of Gem Aromatics Ltd IPO shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Gem Aromatics IPO Details: Company Profile

Check the complete company profile of Aromatics. 

Particulars

Details 

Incorporated

1997

Registered Office 

Mumbai

Promoter 

Kaksha Vipul Parekh

Products

Clove, Mint Derivatives, Phenol, Synthetic and Natural Ingredients 

Number of Employees

295

Competitors 

Yasho Industries, Camlin Fine Sciences, and Oriental Aromatics


Exploring the Gem Aromatics IPO Details

See what the Gem Aromatics Limited IPO size and price are before you decide to bid for it. 

  • Gem Aromatics IPO Date

Events

Scheduled Date

Opening of bidding window

19 Aug 2025

Closing of bidding window

21 Aug 2025

Last hour to confirm UPI request

21 Aug 2025 (5 PM)

Announcement of allotment

22 Aug 2025

Refunds begin

25 Aug 2025

Equity shares added to demat

25 Aug 2025

Stock exchange debut

26 Aug 2025

Final date for mandate validity

05 Sep 2025

Anchor lock-in release (first 50%)

21 Sep 2025

Anchor lock-in release (remaining)

20 Nov 2025


If you want to apply for this IPO, get a demat account from the best broker in India.

  • Gem Aromatics IPO size

Particulars

Shares

Aggregate Value

Fresh Issue 

₹175 crores 

Offer for Sale

8,500,000

₹276.25 crores

Overall Issue 

₹451.25 crores 


  • Objectives of the offer 


Particulars

Total Estimated Cost (₹ in million)

Prepayment or repayment of borrowings 

1,400.00

General corporate needs 

Not Disclosed 

Net IPO Proceeds

Not Disclosed


  • Other takeaways from the Gem Aromatics IPO Price


Particulars

Description

Face value of each share

₹2

Price Range

₹309 – ₹325 

Listed At 

NSE BSE


  • Categorisation of different investors 

Particulars

QIBs

Non-Institutional Bidders

Retail Individual Bidders

Equity Shares Available

Not Disclosed

Not Disclosed 

Not Disclosed

Minimum Bid

The bid should be more than ₹0.20 Million 

The bid should be more than ₹0.20 Million 

Not Disclosed

Maximum Bid

Up to Offer size (excl. Anchor) within legal limits

Offer size (excl. QIB portion) 

Bid amount should be up to ₹0.20 Million 


Gem Aromatics IPO details: Key Financials 

Particulars

2025


 2024


 2023

Equity share capital

93.71

93.71

17.85

Total equity

2,839.81

2,305.48

1,795.31

Net worth

2,839.81

2,305.48

1,795.31

Revenue from operations

5,039.53

4,524.52

4,247.93

Restated profit after tax

533.84

501.04

446.72

Earnings per Equity Share (₹2 FV) - Basic

11.39

10.69

9.53

Earnings per Equity Share (₹2 FV) - Diluted

11.39

10.69

9.53

NAV

60.61

49.21

38.32

Total borrowings

2,223.69

1,111.25

893.61


Metrics of Gem Aromatics IPO 

Particulars

2025 

2024 

2023 

PAT Margin

10.56

11.03

10.51

Return on Equity

18.80

21.73

24.88

Return on Capital Employed

16.02

21.10

22.85

Debt to Equity

0.78

0.36

0.44

Net Working Capital Cycle

205.61

162.51

172.71


Strengths and risks

Here are the strengths and risks of Gem Aromatics IPO. 

Strengths

  • Sales have been rising steadily over the last few years

  • Wide mix of products, not limited to one category

  • Strong R&D setup and updated production facilities

  • Trusted by big brands such as Dabur, Colgate-Palmolive, and Patanjali

Risks

  • No fixed long-term contracts with key buyers or suppliers

  • Heavy reliance on mint and its by-products, which brought in nearly three-fourths of FY 2024 revenue

  • Business tied closely to a few large customers, especially doTERRA

  • Ongoing legal issues related to land at the Budaun site

IPO Closing Soon: Is Gem Aromatics IPO Worth the Rush?

Gem Aromatics IPO GMP stood at ₹35 as of 18 August 2025. Investors can still explore the company’s profile and read the Gem Aromatics IPO review. Tap here for the most recent GMP update.

Looking at other opportunities? The Gem Aromatics IPO is open for applications. You can also track the live subscription status right here.

FAQs

1. How is the Gem aromatics IPO review?

Gem Aromatics IPO looks interesting as the company has shown steady growth and presence in the fragrance and aroma segment. Analysts highlight its strong product range and growing market demand. Still, investors should look at the company’s financials and risks before deciding.

2. What is the Gem aromatics IPO GMP?

The Gem Aromatics IPO GMP today is around ₹35. GMP often changes daily, so it’s better to track updates before making a final call.

3. What is the Gem aromatics IPO date?

The Gem Aromatics IPO is opening on 19 Aug 2025 and closing on 21 Aug 2025. Make sure to apply within these days if you’re planning to invest.

4. What is the Gem Aromatics share price?

The price band for the Gem Aromatics IPO is fixed at ₹309 – ₹325 per share. This will be the rate at which investors can place their bids.

5. Should I get the Demat account to bid for the Gem Aromatics IPO? 

Yes, you must have a Demat account with the best broker to apply for the Gem Aromatics IPO. It’s compulsory since shares are allotted in electronic form only. Without it, you cannot get live subscription updates for any IPO.
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