Gem Aromatics IPO – Review
Gem Aromatics Limited, a global leader in the realm of aroma chemicals and essential oils, is planning to raise ₹ 451 Crore through an IPO.
[Fresh Issue ₹ 175 Cr + OFS ₹ 276 Cr]
Gem aromatics ipo price is ₹ 309 – ₹ 325 per share
Gem Aromatics: History
The Company was originally incorporated as Gem Aromatics Private Limited as a private limited company under the Companies Act, 1956, on October 3, 1997.
The Company was converted into a public limited company under a special resolution approved by the Board and shareholders on July 14, 2023, and its name was changed to Gem Aromatics Limited under a fresh certificate of incorporation issued by the RoC on August 17, 2023.
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Gem Aromatics: Business
Gem Aromatics Ltd. Is an established manufacturer of specialty ingredients, including aroma chemicals, essential oils, and Value-Added Derivatives in India with a track record of more than 20 years.
The Company offers 70 products across four product categories,
- Mint and mint derivatives,
- Clove and clove derivatives
- Phenol, and
- Synthetic and natural ingredients
According to the F&S Report, the company maintains a dominant presence in essential oil-based products and derivatives manufactured from mint, clove, eucalyptus oils, and other essential oils.
The Company’s products find application across a broad spectrum of industries, such as –
- Cosmetics,
- Nutraceuticals,
- Oral Care,
- Pharmaceuticals,
- Pain Management,
- Wellness, and
- Personal Care
R & D Team
As of September 30, 2024, Gem Aromatics has a dedicated in-house research and development (R&D) team of 15 scientists, who play an important role in implementing the state-of-the-art technology adopted by the company and have helped advance its formulations across the Value-Added Derivatives.
Client List
The Company has established long-standing relationships with several domestic and global corporate clients, such as Colgate-Palmolive (India) Limited, Dabur India Limited, Patanjali Ayurved Limited, Rossari Biotech Limited, and SH Kelkar and Company Limited.
Distribution
As of September 30, 2024, it supplies products to 170 clients domestically and 30 customers across 13 countries globally, covering geographies including Asia, Africa, the Americas, and Australia.
Strategies Ahead
- Expansion of manufacturing capacities for existing and new products
- Widen product offerings by expanding chemistry capabilities in order to expand the addressable market size and capture a higher client wallet share
- Continuing focus on sustainability and reducing operating costs, and improving operational and business efficiency
- Expanding geographical reach through growing exports
Company Promoters
- Vipul Parekh,
- Kaksha Vipul Parekh,
- Yash Vipul Parekh,
- Parekh Family Trust
Refer to Gem Aromatics DRHP for detailed information.
IPO Details
Gem aromatics ipo date = 19 to 21 August 2025
Minimum Amount = INR 14,950
Minimum Bid = 46 Shares
Face Value (FV) = INR 2
Listing On = NSE, BSE
Book Running Lead Manager
Motilal Oswal Investment Advisors Ltd
Financials
CONCLUSION
FinBlab recommends ‘SUBSCRIBE‘ ratings on Gem Aromatics IPO
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