Gem Aromatics IPO
UpcomingAlready have an account? Apply now
Schedule of Gem Aromatics
| Issue open date | 19 Aug 2025 |
| Issue close date | 21 Aug 2025 |
| UPI mandate deadline | 21 Aug 2025 (5 PM) |
| Allotment finalization | 22 Aug 2025 |
| Refund initiation | 25 Aug 2025 |
| Share credit | 25 Aug 2025 |
| Listing date | 26 Aug 2025 |
| Mandate end date | 05 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 21 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 20 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Gem Aromatics
Gem Aromatics is a Mumbai-based company engaged in the manufacturing of essential oils and aroma chemicals. Founded in 1997, the company serves the global flavour and fragrance industry with a broad range of products. With a focus on quality, compliance, and innovation, Gem Aromatics has established a presence in both domestic and international markets, supplying to clients across the USA, UK, France, and other regions.
Financials of Gem Aromatics
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹451.25 crores |
| Fresh Issue | ₹175 crores |
| Offer for sale | ₹276.25 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment of outstanding borrowings | 140 (80%) |
| General corporate purposes |
Strengths
- Diverse product range with strong domestic and global client relationships
- Modern manufacturing infrastructure and R&D focus
- Strong relationships with prominent clients like Colgate-Palmolive, Dabur, and Patanjali.
- Steady revenue growth in recent financial years
Risks
- High dependence on a few major customers, especially doTERRA
- Dependence on mint and mint derivatives, accounting for approximately 73% of revenue in FY 2024.
- Ongoing litigation concerning land at the Budaun facility
- No long-term contracts with key customers and suppliers
- Vulnerable to raw material price volatility and regulatory changes