Gem Aromatics is gearing up for its significantly awaited Initial Public Offering (IPO), opening on August 19 following anchor bids on August 18. Priced between ₹309 and ₹325 per share, the overall issue size stands at approximately ₹451 crore, comprising a ₹175 crore fresh issue and an Offer for Sale (OFS) by existing shareholders.
The IPO subscription window closes on August 21, while the allotment is scheduled for August 22, with shares expected to be credited to investors’ demat accounts and refunds processed by August 25. The highly anticipated listing on BSE and NSE is tentatively slated for August 26.
Gem Aromatics, a leading manufacturer of specialty ingredients—including essential oils, aroma chemicals, and value‑added derivatives—has a track record spanning over two decades. Its rich product portfolio addresses sectors like oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, and personal care.
The fresh funds raised will primarily target debt repayment—notably for its subsidiary Krystal Ingredients—and strengthen the company’s financial structure, with surplus allocated for general corporate purposes.
With its robust business model and strong financial performance, Gem Aromatics’ IPO presents a compelling opportunity for investors focusing on India’s fast-growing specialty ingredients sector.
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