Gem Aromatics IPO Allotment Finalizes Today, Set for August 26 Debut with 9% GMP
Gem Aromatics' Rs 451.25 crore IPO allotment is being finalized today, with the stock set to debut on August 26 on BSE and NSE. The IPO was oversubscribed 30.45 times, with QIBs showing the highest interest at 53.76 times. The issue comprised a fresh issue of Rs 175 crore and an offer for sale of Rs 276.25 crore, priced between Rs 309-325 per share. The grey market premium stands at 9%. Gem Aromatics, a manufacturer of specialty ingredients, reported 11% revenue growth and 7% profit growth. Investors can check their allotment status on the KFinTech or NSE websites.
*this image is generated using AI for illustrative purposes only.
The initial public offering (IPO) of Gem Aromatics is reaching a crucial milestone today as the allotment basis for the Rs 451.25 crore issue is set to be finalized. The company, which specializes in manufacturing specialty ingredients for various sectors, is preparing for its stock market debut on August 26 on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Strong Investor Response
The IPO has garnered significant attention from investors across categories:
| Investor Category | Subscription (times) |
|---|---|
| Overall | 30.45 |
| Qualified Institutional Buyers (QIBs) | 53.76 |
| Non-Institutional Investors (NIIs) | 45.96 |
| Retail investors | 10.49 |
IPO Structure and Pricing
The Gem Aromatics IPO comprised two components:
- Fresh issue: Rs 175.00 crore
- Offer for sale: Rs 276.25 crore
The price band for the issue was set between Rs 309-325 per share.
Grey Market Premium
As the listing date approaches, the grey market is showing positive sentiment towards Gem Aromatics. The current grey market premium stands at 9%, indicating potential for a strong debut.
Allotment Process
Investors eager to know their allotment status can check through two official channels:
- KFinTech website
- NSE website
To check the status, investors will need to provide their PAN (Permanent Account Number) and application details.
Key Dates
- Allotment finalization: Today
- Share credit to demat accounts: August 25
- Stock market debut: August 26
About Gem Aromatics
Gem Aromatics is a manufacturer of specialty ingredients, including:
- Essential oils
- Aroma chemicals
The company serves various sectors across 18 countries:
- Oral care
- Nutraceuticals
- Wellness
- Personal care
Financial Performance
Gem Aromatics reported:
- Revenue growth: 11%
- Profit after tax growth: 7%
This financial performance demonstrates the company's ability to grow both its top and bottom lines.
As investors await the allotment results and the upcoming market debut, Gem Aromatics' IPO marks another significant entry into the Indian stock market, reflecting the ongoing interest in the specialty chemicals and ingredients sector.
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