Among the establishments that participated within the anchor spherical consists of Citigroup International, Societe Generale, Goldman Sachs, Nippon India Mutual Fund, SageOne, Nuvama, and Niveshaay Sambhav Fund, in line with a round uploaded on BSE’s web site.
As per the round, the corporate has allotted 41,65,383 fairness shares at Rs 325 per piece to anchor traders, aggregating the transaction measurement to Rs 135.37 crore.
The Rs 451-crore IPO would open for subscription on August 19 and conclude on August 21. The worth band has been set at Rs 309 to Rs 325 per share.
The IPO is a mixture of recent subject of fairness shares value as much as Rs 175 crore and a proposal on the market (OFS) of as much as 85 lakh shares valued at Rs 276.25 crore.
Proceeds from the recent subject will likely be utilized by Gem Aromatics for debt compensation and normal company functions. Gem Aromatics is a producer of specialty components in India, together with important oils, aroma chemical compounds, and value-added derivatives, with over twenty years of expertise. Its consumer portfolio consists of names like Colgate-Palmolive, Dabur, Patanjali, SH Kelkar, Rossari Biotech, and Symrise, amongst others. The corporate operates three superior manufacturing amenities situated in Uttar Pradesh, Dadra and Nagar Haveli, and Gujarat. Gem Aromatics’ income from operations elevated by 11.38 per cent to Rs 503.95 crore in fiscal 2025 from Rs 452.45 crore within the earlier fiscal, and revenue rose 6.55 per cent to Rs 53.38 crore for fiscal 2025 from Rs 50.10 crore within the previous monetary yr.
Motilal Oswal Funding Advisors is the only book-running lead supervisor, and KFin Applied sciences is the registrar to the provide.
