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Gem Aromatics IPO Day 3: Subscription status, allotment details; here are key things to know
3 min read | Updated on August 21, 2025, 12:31 IST
SUMMARY
Until 12:20 PM, the initial share sale garnered a total subscription of 6.19 times with bids received for 60,567,050 shares as compared to 9,782,363 shares on offer, as per exchange data
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.
Until 12:20 PM, the initial share sale garnered a total subscription of 6.19 times with bids received for 60,567,050 shares as compared to 9,782,363 shares on offer, as per exchange data.
The category for non-institutional investors (NIIs) fetched the highest booking with 13.15 times the subscription, while the quota for retail individual investors (RIIs) received 5.72 times subscription. The portion for Qualified Institutional Buyers (QIBs) garnered 1.58 times the booking.
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.
Before the IPO, the speciality ingredients manufacturer 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.
• Chose ‘Equity & SME IPO bid details’
• Select ‘Gem Aromatics’ from the list of IPO names
• Enter your application number and PAN details.
• Click ‘Submit’ to view the status of your IPO allotment.
• Select ‘Gem Aromatics’ as the issue type.
• From the dropdown menu, select ‘Gem Aromatics’. Identify yourself using either PAN details or the IPO application number.
• Click on the ‘I’m not a robot’ tab and press the ‘Search’ button to see the allotment details.
Gem Aromatics IPO latest GMP
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