GEM Aromatics IPO To Open on August 19th; Price Band: Rs 309–325

Mumbai, 13 August 2025: GEM Aromatics Ltd has set the price band for its Initial Public Offering (IPO) at Rs 309 to Rs 325 per share, with the issue opening for subscription on August 19 and closing on August 21, 2025.

The IPO includes a fresh issue worth Rs 175 crore alongside an Offer for Sale (OFS) of up to 8.5 million shares by existing promoters and shareholders, valued at approximately Rs 276 crore at the upper price band. The combined issue size totals Rs 451.25 crore, placing GEM Aromatics’ estimated market capitalisation at about Rs 1,700 crore.

IPO Proceeds will be used for repayment on borrowings

The fresh capital raised through the IPO will be channelled towards repaying debt incurred by its subsidiary, Krystal Ingredients, thereby strengthening the company’s balance sheet. With total debt at Rs 260 crore as of June 2025, this move is expected to improve financial flexibility and support future growth initiatives.

The minimum bid lot size for retail investors is 46 shares, requiring a minimum investment of approximately Rs 14,214. For non-institutional investors, the lot size is 14 lots (644 shares) amounting to Rs 2,09,300, while for qualified institutional buyers, it is 67 lots (3,082 shares) totaling Rs 10,01,650.

The allotment is expected to be finalized on August 22, 2025, with a tentative listing date on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) scheduled for August 26, 2025. Motilal Oswal Investment Advisors Ltd. is the book running lead manager, and Kfin Technologies Ltd. is the registrar of the issue.

For the fiscal year 2025, GEM Aromatics reported revenues of Rs 503.95 crore, marking an increase of approximately 11% compared to Rs 452.45 crore in FY24. Net profit rose by about 6.5% to Rs 53.38 crore from Rs 50.10 crore in the previous year.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.