Gem Aromatics IPO allotment: Here's how to check status online on KFin Technologies, NSE, BSE; full steps

Gem Aromatics IPO allotment: The basis of allotment of speciality ingredients maker Gem Aromatics is expected to be finalised on Friday, August 22, following the conclusion of its subscription period.

The IPO was oversubscribed 30.27 times, receiving bids for over 29.61 crore shares against 97.82 lakh shares on offer, as per the National Stock Exchange (NSE) data.

The qualified institutional buyers (QIBs) category was subscribed 55.28 times, while the portion for non-institutional investors secured 45.06 times subscription. The part reserved for retail investors attracted 10.31 times subscription.

Prior to the IPO, Gem Aromatics had raised over ₹135 crore from anchor investors.

The IPO, which sought to raise ₹451.25 crore, was a mix of fresh issuance of shares aggregating to ₹175 crore and an offer for sale (OFS) of 85 lakh equity shares valued at ₹276.25 crore.

The money generated will be used for repayment of debt and general corporate purposes.

Gem Aromatics makes speciality ingredients, including aroma chemicals, essential oils, and value-added derivatives, with more than two decades of experience.

Its clients include Dabur, Colgate-Palmolive, SH Kelkar, Patanjali, Symrise, and Rossari Biotech.

How to check Gem Aromatics IPO allotment status online on NSE

• Visit this link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Keep ‘Equity & SME IPO bid details’
• Choose 'Gem Aromatics Limited' under the symbol 'GEMAROMA'
• Enter personal details like application number and PAN
• Click on the 'Submit' button

Steps to check Gem Aromatics IPO allotment status online on BSE

• Go to BSE's IPO status URL: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as 'Equity'
• Pick 'Gem Aromatics Limited' from Issue Names
• Enter PAN or application number
• Hit 'Search'

Gem Aromatics IPO allotment status online on KFin Technologies: Step-by-step guide

• Visit the official website at https://ipostatus.kfintech.com/
• From five links to view the IPO allotment status, click on one
• In the ‘Select IPO’ list, pick 'Gem Aromatics Ltd'
• Mention the Demat account number, IPO application number or PAN
• Complete the Captcha verification and press 'Submit'

Gem Aromatics IPO listing date and time: When will shares be listed?

Gem Aromatics' shares will be listed on NSE and BSE on Tuesday, August 26, at 10 am.

Gem Aromatics IPO latest GMP