Gem Aromatics’ Initial Public Offering to open on Tuesday, August 19, 2025
FinTech BizNews Service
Mumbai, August 13, 2025: Gem Aromatics Limited has fixed the price band of Rs309/- to Rs325/- per Equity Share of face value Rs2/- each for its initial public offer.
The initial public offering (“IPO” or “Offer”) of the Company will open on Tuesday, August 19, 2025, for subscription and close on Thursday, August 21, 2025. Investors can bid for a minimum of 46 Equity Shares and in multiples of 46 Equity Shares thereafter.
The IPO is a mix of fresh issue of shares up to Rs Rs 1,750.00 million and an offer for sale up to 8,500,000 equity shares promoters and investor selling shareholders.
Gem Aromatics Limited is an established manufacturer of specialty ingredients, including, essential oils, aroma chemicals and Value-Added Derivatives in India with a track record of over two decades. It offers a diversified portfolio of products, ranging from the Mother Ingredients to its various Value-Added Derivatives. Its products find application across a broad spectrum of industries, such as, oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness and pain management and personal care.
Its track record, diverse product portfolio and brand recall that has helped the company establish several leadership positions within its product portfolio, for instance, in India, it has a dominant presence in essential oil-based products and derivatives that are manufactured from mint, clove, eucalyptus oils and other essential oils.
During FY 2025 in India, it is one of the largest procurers of Piperita oil, and one of the largest processors of DMO, Clove oil, Eugenol and Eucalyptus Oil in terms of volume manufactured. (Source: F&S Report) As on FY 2025, its share of DMO and Eugenol in India was 12% and 65%, respectively, in terms of volume manufactured. (Source: F&S Report)
It has also been accorded the status of a “Three Star Export House” by the Directorate General of Foreign Trade, Department of Commerce, Ministry of Commerce and Industry Government of India.
It has established long standing relationships with several domestic and global corporate customers such as, Colgate-Palmolive (India) Limited, Dabur India Limited, Patanjali Ayurved Limited, SH Kelkar and Company Limited, Rossari Biotech Limited, Symrise Private Limited, dōTERRA, Ventos So Brasil Eireli and Anhui Hautian Spices Co. Ltd. as well as several domestic and global merchant traders.
In Fiscal 2025, the company supplied its products to 225 customers domestically and 44 customers cumulatively across 18 foreign countries globally, covering geographies including the Americas, Asia, Africa and Australia.
Gem Aromatics Limited operates three manufacturing facilities located in Budaun, Uttar Pradesh (“Budaun Facility”), Silvassa, Dadra and Nagar Haveli and Daman and Diu (“Silvassa Facility”) and Dahej, Gujarat (Dahej Facility”, and together with the Budaun Facility and Silvassa Facility, the “Manufacturing Facilities”).
Gem Aromatics Limited revenue from operations increased by 11.38% to Rs 503.95 crore in Fiscal 2025 from Rs 452.45 crore in Fiscal 2024, primarily due to an increase in Sale of products, Other operating revenues. Profit for the year increased by 6.55% to Rs 53.38 crore for Fiscal 2025 from Rs 50.10 crore for Fiscal 2024.
Motilal Oswal Investment Advisors Limited is the sole book-running lead manager, and KFin Technologies Limited is the registrar to the Offer.
The Offer is being made through the book-building process, wherein not more than 50% of the net Offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the Offer shall be available for allocation to non-institutional investors, and not less than 35% of the Offer shall be available for allocation to retail individual investors.
Notes for Reference:
| Offer for Sale |
Lower Band (@ Rs 309) | Rs 437.6 crore |
Upper Band (@ Rs 325) | Rs 451 crore |
Issue Size of the IPO based on the upper and lower end of the price band
