Retail Portion and Non-institutional portion were subscribed 10.31 times and 45.06 times, respectively, QIB segment 55 times
MUMBAI, Aug 21 (The CONNECT) -The Initial Public Offering of Gem Aromatics was subscribed 30.27 times today when the issue closed for bids.
The issue received bids of 29,61,15,156 against the offered 97,82,363 equity shares at a price band of Rs 309-Rs325, according to data available on the stock exchanges.
Retail Portion and Non-institutional portion were subscribed 10.31 times and 45.06 times, respectively. Qualified Institutional Investors was subscribed 55.28 times.
Motilal Oswal Investment Advisors Limited is the sole book-running lead manager, and KFin Technologies Limited is the registrar to the Offer.
Gem Aromatics Limited is an established manufacturer of specialty ingredients, including, essential oils, aroma chemicals and Value-Added Derivatives in India with a track record of over two decades.
It offers a diversified portfolio of products, ranging from the Mother Ingredients to its various Value-Added Derivatives.
Its products find application across a broad spectrum of industries, such as, oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness and pain management and personal care.
Its track record, diverse product portfolio and brand recall that has helped the company establish several leadership positions within its product portfolio, for instance, in India, it has a dominant presence in essential oil-based products and derivatives that are manufactured from mint, clove, eucalyptus oils and other essential oils.
During FY 2025 in India, it is one of the largest procurers of Piperita oil, and one of the largest processors of DMO, Clove oil, Eugenol and Eucalyptus Oil in terms of volume manufactured. (Source: F&S Report) As on FY 2025, its share of DMO and Eugenol in India was 12% and 65%, respectively, in terms of volume manufactured. (Source: F&S Report)
It has also been accorded the status of a âThree Star Export Houseâ by the Directorate General of Foreign Trade, Department of Commerce, Ministry of Commerce and Industry Government of India.
It has established long standing relationships with several domestic and global corporate customers such as, Colgate-Palmolive (India) Limited, Dabur India Limited, Patanjali Ayurved Limited, SH Kelkar and Company Limited, Rossari Biotech Limited, Symrise Private Limited, dÅTERRA, Ventos So Brasil Eireli and Anhui Hautian Spices Co. Ltd. as well as several domestic and global merchant traders.
In Fiscal 2025, the company supplied its products to 225 customers domestically and 44 customers cumulatively across 18 countries, covering geographies including the Americas, Asia, Africa and Australia.
