
Chemicals / Fragrances · NSE / BSE
Founded in October 1997, Gem Aromatics Limited is an Indian manufacturer of specialty ingredients like essential oils, aroma chemicals, and value-added derivatives, with over 20 years of experience. Its 70 products, grouped into mint derivatives, clove derivatives, phenol, and other natural or synthetic ingredients, are used in oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, and personal care. Serving 225 customers, including 44 international clients across 18 countries, the company operates on a B2B model, selling directly, through its US subsidiary, or via third-party agents. As of March 31, 2025, it employs 13 in-house R&D scientists using advanced technology to enhance its formulations.
Price Band
₹309 – ₹325
Issue Size
₹451 Cr
Lot Size
46 shares
GMP
+10.2%
Est. Listing
₹358
at current GMP
Subscribed
50.41x
overall
Open
19 Aug 2025
Close
21 Aug 2025
Allotment
22 Aug 2025
Refund
23 Aug 2025
Demat Credit
24 Aug 2025
Listing
26 Aug 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹325
Band: ₹309 – ₹325
Estimated Listing Price
₹358
Upper price + GMP
Lot Size
46 shares
Min investment ₹14,950
Estimated Profit / Lot
₹1,518
46 × ₹33
Grey Market Premium trend
+₹33
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹33 | 10.2% | ₹358 |
| 30 Oct 2026 | +₹33 | 10.2% | ₹358 |
| 29 Oct 2026 | +₹30 | 9.1% | ₹355 |
GMP is unofficial market data. Not a guarantee of listing performance.
Gem Aromatics Limited is bringing an initial public offering (IPO) in the Chemicals / Fragrances sector with an aggregate issue size of ₹451.25 Crores. The shares are offered at a price band of ₹309 to ₹325 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-08-21, the basis of allotment is scheduled to be finalized on 2025-08-22. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
The latest grey market premium for Gem Aromatics Limited IPO is ₹33, which indicates an expected listing price of ₹358.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.