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Gem Aromatics IPO: The initial public offering of speciality ingredients maker Gem Aromatics opened on August 19 and will conclude on August 21. The company has fixed the price band, with a price band set between Rs 309 and Rs 325 per share.

The company has launched the IPO aimed at raising Rs 451 crore.

The public issue comprises a fresh issue of equity shares worth up to Rs 175 crore and an offer-for-sale (OFS) of up to 85 lakh shares valued at Rs 276.25 crore. Proceeds from the fresh issue are earmarked for debt repayment and general corporate purposes, according to the company.

Gem Aromatics' financial performance

On the financial front, Gem Aromatics reported an 11.38 per cent increase in revenue from operations, rising to Rs 503.95 crore in FY25 from Rs 452.45 crore in FY24. Net profit also grew 6.55 per cent year-on-year to Rs 53.38 crore in FY25 compared with Rs 50.10 crore in the previous fiscal.

Gem Aromatics IPO BRLM, registrar details

Motilal Oswal Investment Advisors is the sole book-running lead manager for the issue, while KFin Technologies is acting as the registrar.

About Gem Aromatics

Founded over two decades ago, Gem Aromatics manufactures essential oils, aroma chemicals, and value-added derivatives. The company’s client base includes Colgate-Palmolive, Dabur, Patanjali, SH Kelkar, Rossari Biotech, and Symrise, among others.

It operates three manufacturing facilities in Uttar Pradesh, Dadra and Nagar Haveli, and Gujarat.

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