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  1. Gem Aromatics IPO day 1: Check live subscription details, price band, lot size, and all you need to know

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Gem Aromatics IPO day 1: Check live subscription details, price band, lot size, and all you need to know

Kamal Joshi

2 min read | Updated on August 19, 2025, 12:04 IST

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SUMMARY

Gem Aromatics IPO: The ₹451.25 crore initial share sale, with a price band of ₹309 to ₹325 per share, aims to raise ₹175 crore through the issuance of new equity shares and ₹276.25 crore via the offer for sale (OFS) component.

Gem Aromatics makes speciality ingredients. | Image: Pixabay

Gem Aromatics makes speciality ingredients. | Image: Pixabay

Gem Aromatics IPO: Speciality ingredients manufacturer Gem Aromatics Ltd's initial public offering opened for bidding on Tuesday, August 19, and will end on Thursday, August 21.

The ₹451.25 crore initial share sale, with a price band of ₹309 to ₹325 per share, aims to raise ₹175 crore through the issuance of new equity shares and ₹276.25 crore via the offer for sale (OFS) component.

Under the OFS, promoters Vipul Parekh, Yash Vipul Parekh, Kaksha Vipul Parekh and dōTERRA Enterprises, Sàrl will be divesting their stake.

Proceeds from the fresh issue will be used for general corporate purposes and debt repayment.

An application size consists of one lot or 46 shares.

Gem Aromatics IPO: Subscription details

CategorySubscription Status (As of 12:03 pm)
Qualified Institutional Buyers (QIBs)--
Non-Institutional Investors18%
Retail Investors43%
Total26%

Before the IPO, the company collected ₹135.37 crore from anchor investors, including Citigroup Global, Goldman Sachs, Societe Generale, Nippon India Mutual Fund, Nuvama, SageOne, and Niveshaay Sambhav Fund.

Gem Aromatics IPO: Key dates

The allotment status of the Gem Aromatics IPO is likely to be finalised on August 22, while the listing on the NSE and the BSE will occur on August 26.

Gem Aromatics makes speciality ingredients, including aroma chemicals, essential oils, and value-added derivatives. Its manufacturing facilities are located in Uttar Pradesh, Gujarat, and Dadra and Nagar Haveli.

Its client portfolio includes names such as Colgate-Palmolive, Patanjali, SH Kelkar, Dabur, Rossari Biotech, and Symrise, among others.

Motilal Oswal Investment Advisors is the lone book-running lead manager of the issue, while KFin Technologies serves as the registrar.

Gem Aromatics IPO latest GMP

According to media reports and investorgain.com, Gem Aromatics' unlisted shares are trading at ₹353 per share, reflecting a grey market premium of 8.62% over the upper price band of ₹325.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.