MUMBAI, 13 AUGUST, 2025 (GPN): GEM Aromatics Limited IPO will open on August 19 and close on August 21, with anchor bidding scheduled for August 18. The IPO comprises of a fresh issue of shares worth Rs 175 crore and an Offer for Sale (OFS) of up to 8.5 million shares, targeting a market capitalisation of approximately Rs 1,700 crore.

Mr. Vipul Parekh, Chairman; Mr. Yash Vipul Parekh, MD and CEO alongwith Mr. Suraj Shah, Deputy CFO addressed the media about the allocation of funds post IPO, GEM Aromatics Limited IPO aims to raise funds primarily for debt repayment of its subsidiary, Krystal Ingredients. GEM Aromatics reported a total debt of Rs 260 crore as of June. The allocation includes 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Individual Investors (RIIs).
GEM Aromatics is a key player in the manufacture of specialty ingredients such as essential oils and aroma chemicals. Its diverse product line caters to industries including oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness, pain management, and personal care, reflecting a robust business model.

GEM Aromatics reported revenue of Rs 503.95 crore for the financial year ended March 2025, up from Rs 452.45 crore the previous year. Net profits increased from Rs 50.10 crore to Rs 53.38 crore, demonstrating steady growth and operational efficiency.

GEM Aromatics has been in operation for over 20 years, establishing itself as a leading Indian manufacturer of specialty ingredients such as essential oils, aroma chemicals, and value-added derivatives.
The company offers 70 products in four main categories: mint derivatives, clove derivatives, phenol, and other natural and synthetic ingredients. This diverse portfolio underscores its strong market presence and adaptability.

Motilal Oswal Investment Advisors is the book running lead manager for the IPO, with Kfin Technologies serving as the registrar. The shares will be listed on both the BSE and NSE. The expected listing on August 26.

GEM Aromatics’ strategic focus on debt reduction aims to strengthen its financial position and enhance operational capabilities. This financial restructuring is designed to support future growth and expansion plans.