Gem Aromatics Ltd (MAINBOARD)

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Gem Aromatics

August 19, 2025 – August 21, 2025

Price ₹309 - ₹325
GMP Rumors * ₹33
Lot size 46
Allotment Aug 22, 2025
Listing Aug 26, 2025

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Live Rate

Open
High
Low
Prev. Close
Lower circuit
Upper circuit
52w High
52w Low
P/E Ratio

Gem Aromatics Listing Price

Exchange Listing Price Gain/Loss %
NSE ₹333.10 +₹8.10 +2.49%
BSE ₹325.00 ₹0.00 0.00%

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Shareholding Pattern


Gem Aromatics Subscription

Last updated on 21-Aug-2025 18:03:15

CategoryOfferedAppliedTimes
QIBs277692514929047053.76
HNIs20826929573018645.96
 HNIs 10+13884626731295048.48
 HNIs 2+6942312841723640.93
Retail48596155109454610.51
Total971923229611520230.47
Application-Wise Breakup (Approx. no. of Apps)img
CategoryReservedAppliedTimes
HNIs (10L+)21562156610
HNIs (2-10L)10784348940.34
Retail1056449941309.41
Total Applications: 1059185
© IPO Premium
Subscription Demand (in ₹ crore)
CategoryOfferedDemandTimes
QIBs90.254851.9453.76
FIIs-1089.44-
DIIs-2271.79-
Mutual funds-50.44-
Others-1440.27-
HNIs67.693111.2345.96
HNIs 10+45.132187.6748.48
HNIs 2+22.56923.5640.93
Retail157.941660.5710.51
Total315.889623.7430.47
QIB Interest Cost per share (7 Days)
@7%
₹23.5
@8%
₹26.8
@9%
₹30.2
@10%
₹33.5
@11%
₹36.9
@12%
₹40.2

Gem Aromatics Lot(s) Distribution

Category Lot(s) Qty Amount Reserved
Retail 1 46 14950 105644
sHNI 14 644 209300 1078
bHNI 67 3082 1001650 2156

Gem Aromatics Reservation

Category Shares Offered %
QIB 2776925 28.57%
HNI 2082692 21.43%
Retail 4859615 50%
Total 9719232 100%

Gem Aromatics About

IPO Details
Total Issue Size1,38,84,615 shares (aggregating up to ₹451.25 Cr)
Fresh Issue53,84,615 shares (aggregating up to ₹175.00 Cr)
Offer for Sale85,00,000 shares (aggregating up to ₹276.25 Cr) 
Issue TypeBookbuilding IPO
Listing AtBSE, NSE
Share Holding Pre Issue4,68,52,523 shares
Share Holding Post Issue5,22,37,138 shares
IPO Reservation
Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net Issue
Retail Shares OfferedNot less than 35.00% of the Net Issue
NII Shares OfferedNot less than 15.00% of the Net Issue
Key Performance Indicator (KPI)
KPIMar-25Mar-24Mar-23
ROE18.80%21.73%24.88%
ROCE16.02%21.10%22.85%
RONW18.80%21.73%24.88%
D/E0.780.360.44
EPS
(basic)
11.3910.699.53
P/E
Pre IPO
28.52
P/E
Post IPO
31.8
Financial Details (In ₹ Crores)
Period EndedMar-25Mar-24Mar-23
Assets534.5368.6295.8
Total Income505.6454.2425.1
Profit After Tax53.450.144.7
EBITDA88.578.466.2
Net Worth284.0230.6179.5
Reserves and Surplus278.3224.9182.4
Total Borrowing222.4111.189.4

Peer Comparison (Valuation)
CompanyP/E (x)CMP* (₹)Face value (₹)
Gem Aromatics--2
Clean Science and Technology57.331,426.251
Privi Speciality Chemicals50.512,417.7510
Camlin Fine Sciences-294.651
Yasho
Industries
374.921,994.5510
S H Kelkar and Co42.33228.610
Oriental Aromatics36.97377.055
Source: RHP; * CMP  on 11-07-2025; P/E ratio is calculated based on market price of equity shares on closing of July 11, 2025 on BSE

Peer Comparison (Financial Performance)
CompanyNAV/Share (₹)RoNW (%)EPS (Basic) (₹)
Gem Aromatics60.6118.811.39
Clean Science and Technology133.2918.6724.88
Privi Speciality Chemicals282.4716.9547.87
Camlin Fine Sciences46.23-16.01-8.03
Yasho Industries348.091.465.32
S H Kelkar and Co90.665.835.4
Oriental Aromatics196.20.0510.2
Company Overview

Incorporation: October 1997

Business: Manufactures specialty ingredients including essential oils, aroma chemicals, and value-added derivatives.

Product Categories (70 total):

Mint & derivatives

Clove & derivatives

Phenol

Other synthetic & natural ingredients

Applications: Oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, personal care

Market Presence (FY25):

225 customers in total

44 international customers across 18 countries (Americas, Asia, Africa, Australia)

Sales Model: Direct B2B sales; exports via direct sales, US subsidiary (Gem Aromatics LLC), and third-party agencies

R&D: 13 scientists, in-house; developed advanced formulations in value-added derivatives

Strength

Strong Industry Reputation – Over two decades as a leading Indian specialty ingredients manufacturer.

Innovative & Diverse Portfolio – 70 products across multiple categories, backed by active R&D.

Loyal Client Base – Long-term domestic and international customer relationships across 18 countries.

Weakness

​​​​​Raw Material Dependency: Fluctuations in mint/clove supply could impact production.

Regulatory Compliance: Strict international standards for essential oils and derivatives.

Competition: Competing with global players in the essential oils and aroma chemicals space.

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Gem Aromatics Latest Announcements

Date Subject Attachment Text Pdf

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Gem Aromatics Financial Results

Gem Aromatics Lead Manager(s)

Gem Aromatics Address

Gem Aromatics Ltd.
A/410, Kailas Complex, Vikhroli Powai Link
Road, Park Site,
Vikhroli (W)
MumbaiMaharashtra, 400079
Phone+91 22 25185231
Emailsecretarial@gemaromatics.in
Website: http://www.gemaromatics.com/

Gem Aromatics Registrar

Kfin Technologies Limited
Address: Kfin Technologies Limited KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana India - 500 032.