Gem Aromatics Ltd. is launching its IPO to raise a total of ₹451.25 crores via a Book Built Issue. The IPO comprises a fresh issue of ₹175 crores and an offer for sale of up to 85,00,000 equity shares with a face value of ₹2 each. Shares are proposed to be listed on BSE and NSE. The company is a prominent manufacturer of specialty ingredients including essential oils, aroma chemicals, and value-added derivatives, with over two decades of experience in the fragrance and flavour industry. Its customer base spans 225 clients and 44 international customers across 18 countries.
Key IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | August 19, 2025 |
| IPO Close Date | August 21, 2025 |
| Listing Date | August 26, 2025 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹309 to ₹325 Per Share |
| Issue Size | Approx ₹451.25 Crores |
| Fresh Issue | Approx ₹175 Crores |
| Offer for Sale | Approx 85,00,000 Equity Shares |
| Lot Size | 46 Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
| Anchor Investors List | Click Here |
Market Lot Information
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 46 | ₹14,950 |
| Retail Maximum | 13 | 598 | ₹1,94,350 |
| S-HNI Minimum | 14 | 644 | ₹2,09,300 |
| B-HNI Minimum | 67 | 3,082 | ₹10,01,650 |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | August 19, 2025 |
| IPO Close Date | August 21, 2025 |
| Basis of Allotment | August 22, 2025 |
| Refunds | August 25, 2025 |
| Credit to Demat Account | August 25, 2025 |
| IPO Listing Date | August 26, 2025 |
Promoters
- Vipul Parekh
- Kaksha Vipul Parekh
- Yash Vipul Parekh
- Parekh Family Trust
About the Company
Gem Aromatics Limited, incorporated in October 1997, manufactures specialty ingredients including essential oils, aroma chemicals, and value-added derivatives. It has over 2 decades of experience in the fragrance and flavour industry. The company’s portfolio includes oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, and personal care. Gem Aromatics offers 70 products across mint derivatives, clove derivatives, phenol, and other synthetic & natural ingredients. Products are sold B2B via direct sales, its US subsidiary, and third-party agencies. The company serves 225 customers, including 44 international customers in 18 countries.
Financial Performance
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | 425 | 369 | 44.67 | 296 |
| 2024 | 454 | 387 | 50.10 | 369 |
| 2025 | 506 | 431 | 53.38 | 535 |
Key Financial Ratios (FY2025)
| KPI | Value |
|---|---|
| ROE | 18.80% |
| ROCE | 16.02% |
| EBITDA Margin | 17.55% |
| PAT Margin | 10.56% |
| Debt to Equity Ratio | 0.78 |
| EPS (Basic) | ₹11.39 |
| P/E Ratio | N/A |
| RoNW | 18.80% |
| Net Asset Value (NAV) | ₹60.61 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Clean Science and Technology | 24.88 | 57.33 | 18.67 | 133.29 | 967 Cr. |
| Privi Speciality Chemicals | 47.87 | 50.51 | 16.95 | 282.47 | 2101 Cr. |
| Camlin Fine Sciences | (8.03) | – | (16.01) | 46.23 | 29 Cr. |
| Yasho Industries | 5.32 | 374.92 | 1.46 | 348.09 | 199 Cr. |
| S H Kelkar and Company | 5.40 | 42.33 | 5.83 | 90.66 | 23 Cr. |
| Oriental Aromatics | 10.20 | 36.97 | 5.20% | 196.20 | 38 Cr. |
Purpose of the IPO
- Prepayment and/or repayment, in full or in part, of certain outstanding borrowings availed by the Company and Subsidiary, Krystal Ingredients Private Limited
- General Corporate Purposes
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Registrar & Contact Details
Registrar:
- Kfin Technologies Ltd.
- Phone: 04067162222, 04079611000
- Email: gem.ipo@motilaloswal.com
- Website: https://ipostatus.kfintech.com/
Lead Manager:
- Motilal Oswal Investment Advisors Ltd.
Company Address:
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/
Reviews
Brokerage and research house reviews for Gem Aromatics IPO are awaited.
