Among the establishments that participated within the anchor spherical contains Citigroup International, Societe Generale, Goldman Sachs, Nippon India Mutual Fund, SageOne, Nuvama, and Niveshaay Sambhav Fund, based on 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 contemporary problem of equity shares price 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 contemporary problem will likely be utilized by Gem Aromatics for debt reimbursement and common company functions. Gem Aromatics is a producer of specialty components in India, together with important oils, aroma chemical substances, and value-added derivatives, with over 20 years of expertise. Its shopper portfolio contains names like Colgate-Palmolive, Dabur, Patanjali, SH Kelkar, Rossari Biotech, and Symrise, amongst others. The corporate operates three superior manufacturing services 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 12 months.
Motilal Oswal Funding Advisors is the only book-running lead supervisor, and KFin Technologies is the registrar to the supply.
