The IPO was open for subscriptions from August 19 to August 21.
In the retail category, the IPO was booked 10.31 times, while the Non-Institutional Investors’ (NIIs) segment was subscribed 45 times. The Qualified Institutional Buyers (QIBs) booked their quota 55.28 times.The IPO comprised a fresh issue of over 54 lakh shares, worth ₹175 crore, and an offer-for-sale (OFS) portion of 85 lakh shares, amounting to ₹276.25 crore.
Gem Aromatics aims to utilise the proceeds from the fresh issue to repay debts. A portion of the funds will also be used for corporate purposes.
The IPO investors can check their allotment status online via the BSE, NSE, and the website of the issue registrar, Kfin Technologies Ltd.
Steps to check Gem Aromatics IPO share allotment on BSE:
Access the IPO allotment page on the BSE site: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
Choose ‘Equity’ as the issue type
Pick Gem Aromatics Ltd. from the dropdown menu under issue names
Enter your application number or PAN to proceed
Click on search to view your share allotment detailsSteps to check IPO allotment on Kfin Technologies:
Go to the link: https://ipostatus.kfintech.com/
Choose Gem Aromatics from the dropdown menu
Select PAN, Application Number, or Demat
Enter details as per your selection
Click on ‘Submit’ for allotment status
The IPO applicants can also check the share allotment status on the NSE using PAN and application number.
The company is scheduled to initiate refunds and transfer of shares to the Demat accounts of successful bidders on Monday, August 25.
The company’s shares are expected to be listed on the NSE and BSE on Tuesday, August 26.
Gem Aromatics is a manufacturer of specialty ingredients in India, including essential oils, aroma chemicals and value-added derivatives, with over two decades of experience. In FY25, the company supplied products to 225 customers domestically and 44 customers cumulatively across 18 foreign countries globally, including the Americas, Asia, Africa and Australia.
The company has an impressive clientele, including household names like Colgate-Palmolive, Dabur, and Patanjali, among others, and operates three sophisticated manufacturing facilities located in Uttar Pradesh, Dadra and Nagar Haveli and Gujarat.
