Gem Aromatics IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Mon Aug 18 2025

Gem Aromatics IPO is open for bidding from 19th August 2025 to 21st August 2025. It is a bookbuilding IPO of ₹451.25 crores, comprising a fresh issue of 0.54 crore shares. And offer for sale of 0.85 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 26th August 2025.
Gem Aromatics IPO Details
The Gem Aromatics IPO date is fixed between 19th August 2025 and 21st August 2025. The face value of Gem Aromatics IPO shares stands at ₹2 per share, and the IPO price band is set between ₹309 to ₹325 per share.
Kfin TechnologiesLimited is the registrar of the Gem Aromatics IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 19th August 2025 |
IPO Close Date | 21st August 2025 |
IPO Allotment Date | 22nd August 2025 |
Refund Initiation | 25th August 2025 |
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) |
Face Value | ₹2 per share |
Lot Size | 46 Shares |
Issue Price Band | ₹309 to ₹325 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & NSE |
Listing Date | 26th August 2025 |
Gem Aromatics IPO Share Reservation
Gem Aromatics IPO is a bookbuilding IPO of ₹451.25 crores, comprising a fresh issue of 0.54 crore shares. An offer for sale of 0.85 crore shares. Gem Aromatics shares will be listed on the BSE and NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Shares Offered |
QIB Shares Offered | Not more than 50% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Gem Aromatics IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Gem Aromatics IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
18-08-2025 | ₹325.00 | ₹31.00 | ₹356.00 | 9.54% |
17-08-2025 | ₹325.00 | ₹35.00 | ₹360.00 | 10.77% |
16-08-2025 | ₹325.00 | ₹38.00 | ₹363.00 | 11.69% |
15-08-2025 | ₹325.00 | ₹41.00 | ₹366.00 | 12.62% |
14-08-2025 | ₹325.00 | ₹0.00 | ₹325.00 | 0.00% |
13-08-2025 | ₹325.00 | ₹0.00 | ₹325.00 | 0.00% |
As of 18th August 2025, Gem Aromatics IPO GMP stands at ₹31 per share, which means the share will likely show a listing at ₹356 on its tentative listing date, 26th August 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Gem Aromatics GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Gem Aromatics IPO GMP Review

Check out the detailed Gem Aromatics GMP IPO review for a thorough understanding of its potential to report listing gains on 26th August 2025. The Gem Aromatics IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Gem Aromatics IPO.
Gem Aromatics Limited’s revenue increased by 11% from ₹454.23 crores in March 2024 to ₹505.64 crores in March 2025. Moreover, the company’s PAT increased by 7% from ₹50.10 crores to ₹53.38 crores.
Gem Aromatics Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Gem Aromatics IPO for its tentative listing day, 26th August 2025.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Studio LSD IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 28.52 |
EPS (Earnings Per Share) | 11.39 |
RoNW | 18.80% |
ROCE | 16.02% |
ROE | 18.80% |
EBITDA Margin | 17.55% |
Price to Book Value | 5.36 |
Market Capitalisation | ₹1697.71 Cr |
The P/E ratio of Gem Aromatics Limited’s share is 28.52, and its Earnings Per Share (EPS) stands at 11.39. Thus, the Gem Aromatics Limited IPO can potentially deliver gains on its tentative listing date, 26th August 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Gem Aromatics Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Gem Aromatics Limited IPO Peer Comparison
Company Name | EPS | P/E Ratio | RoNW | Face value | Revenue |
Gem Aromatics Limited | 11.39 | 28.52 | 18.80 | ₹2 | 454.23 |
Clean Science and Technology Limited | 24.88 | 57.33 | 18.67 | ₹1 | 833.00 |
Privi Speciality Limited | 47.87 | 50.51 | 16.95 | ₹10 | 1,779 |
Camlin Fine Sciences | -6.12 | -34.38 | -16.01 | ₹1 | 1,469 |
Yasho Industries Limited | 5.32 | 374.92 | 1.46 | ₹10 | 601.00 |
S H Kelkar and Company Limited | 5.40 | 42.33 | 5.83 | ₹10 | 1,847 |
Oriental Aromatics Limited | 10.20 | 36.97 | 5.20 | ₹5 | 844.00 |
Gem Aromatics IPO Subscription Status
The Gem Aromatics IPO is to be opened for bidding on 19th August 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Gem Aromatics IPO subscription status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
QIB Shares Offered | Not more than 50% of the Net Issue | Yet to be announced | Yet to be announced |
Retail Shares Offered | Not less than 35% of the Net Issue | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue | Yet to be announced | Yet to be announced |
About Gem Aromatics Limited

Gem Aromatic Limited commenced its operations in 1997. The company manufactures specialty ingredients, including essential oils, aroma chemicals, and value-added derivatives in India. With 2 decades of experience in the fragrance and flavor industry. The company has a diversified portfolio of oral care, wellness, and personal care. The products are categorised in mint derivatives,clove derivatives,phenol and other synthetic & natural ingredients. The company sells its products via business to business model. The reason behind the growth of the company is its huge investment in R&D team using advanced technology in their operations to enhance value added derivatives.
- A reconised manufacturing company of speciality ingredients in india,encompassing essential oils,and value added services.
- Offers variety of services with a strong focus on continuous improvement in product development and R&D.
- Long term relationship with a well established customer base.
- Manufacturing facilities are located with a focus on sustainability.
- The company has experienced promoter and management team.
Gem Aromatics Limited Financials
The company’s financial analysis is essential before applying for the Gem Aromatics IPO. Look at the table to learn about Gem Aromatics Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 534.52 | 368.57 | 295.76 |
Revenue | 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 |
Explanation
Gem Aromatics Limited’s revenue increased by 11% from ₹454.23 crores in March 2024 to ₹505.64 crores in March 2025. Moreover, the company’s PAT increased by 7% from ₹50.10 crores to ₹53.38 crores.
Gem Aromatics IPO Bidding Requirements
Investors can bid for a minimum of 46 shares in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Individual Investors (Retail) (Min) | 1 | 46 | ₹14,950 |
Individual Investors (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 has reserved lot sizes to be applied to different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Use the lot size calculator to find how many shares you should apply for!
Gem Aromatics IPO Promoter Holding
Have a look at the table below to check the holdings of Gem Aromatics Limited’s promoters:
Vipul Parekh, Kaksha Vipul Parekh, Yash Vipul Parekh, and Parekh Family Trust.
Share Holding Pre-Issue | 75% |
Share Holding Post-Issue | 55.06% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the Gem Aromatics IPO
The primary aim of the Gem Aromatics IPO is to raise ₹451.25 crores. On the other hand, Gem Aromatics has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Gem Aromatics IPO.
- To meet the general corporate purpose.
- To the Repayment of the borrowing availed by the company.
GAL is engaged in manufacturing specialty ingredients, aroma chemicals, and value-added derivatives. It posted growth in its top and bottom lines for the reported periods. It enjoys long-term relations with its customers, with repeat orders. Based on its recent financial data, the issue appears fully priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate funds for the long term. {By Dilip Davda, Chief Executive at Chittorgarh)
Should I Invest in the Gem Aromatics IPO?
Explore the pros and cons of Gem Aromatics to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s efficiency in delivering profits in the coming decades.
Pros of Gem Aromatics IPO
- Gem aromatics is a reputed manufacturer of essentials oils,aroma chemicals and value added derivatives.
- The company offers variety of products in essential oils
- Long term relationship with global clients.
- Revenue growth is showing consistently rise in recent years
- The company invested huge in infrastructure and research and devlopment
Cons of the Gem Aromatics IPO
- Heavy reliant on few major customers
- No long term contracts
- Changes in raw material price may affect disruption in manufacturing
- Faces intense competition from established brands
- Changes in regulatory envirnment
How to Apply for the Gem Aromatics IPO?

Check the steps mentioned below to apply for Gem Aromatics Limited.
- Step 1: Conduct thorough research on the Gem Aromatics IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for one lot of 46 shares worth ₹14,950.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Gem Aromatics IPO from more than one demat account to increase your allotment chances.
Also Read : Bluestone Jewellery IPO GMP: Day 1 IPO Live Updates
How to Check Gem Aromatics IPO Allotment Status?
You can check whether the Gem Aromatics IPO allotment is done in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Gem Aromatics IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Gem Aromatics IPO allotment status.
Let’s Wrap
Gem Aromatics IPO is a bookbuilding issue of shares worth ₹451.25 crores. The shares of Gem Aromatics Limited will be listed on BSE and NSE on its tentative listing date of 26th August 2025. Researching the Gem Aromatics IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Gem Aromatics IPO
How is the Gem Aromatics IPO?
Ans. Currently, on 18th August 2025, the Gem Aromatics IPO GMP (Grey Market Premium) stands at ₹31. It indicates that the estimated listing price could be ₹356 per share. It is a bookbuilding IPO of ₹451.25 crores, comprising a fresh issue of 0.54 crore shares. And offer for sale of ₹0.85 crore shares. The face value of each share of Gem Aromatics Limited is ₹2.
What is the Gem Aromatics IPO price?
Ans. The Gem Aromatics IPO price band has been set between ₹309 and ₹325 per share. Retail investors can apply for a minimum of 1 lot consisting of 46 shares worth ₹14,950. Moreover, HNIs are required to bid for a minimum of 14 lots (644 shares) worth ₹2,09,300.
Is the Gem Aromatics IPO good?
Ans. Gem Aromatics Limited’s revenue increased by 11% from ₹454.23 crores in March 2024 to ₹505.64 crores in March 2025. Moreover, the company’s PAT increased by 7% from ₹50.10 crores to ₹53.38 crores.
Who is the registrar of the Gem Aromatics IPO?
Ans. Kfin Technologies Limited is the registrar of the Gem Aromatics IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the Gem Aromatics allotment and refund, you can contact Kfin Technologies Limited at reachus@kfintech.com,04067162222, 04079611000.
What is the issue size of the Gem Aromatics IPO?
Ans. Gem Aromatics IPO is a bookbuilding IPO for 0.54 crore shares worth ₹451.25crores. Moreover, the IPO is set to open on 19th August 2025 and will be closed on 21st August 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Gem Aromatics IPO, download the Gem Aromatics IPO RHP and Gem Aromatics IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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