Gem Aromatics IPO Alert: Priced at ₹309–₹325 – Opens Aug 19. Will Fragrance Investors Sniff Out Gains?

Another day, another IPO—this time it's Gem Aromatics wafting into the market with a ₹309–₹325 price band. Because nothing says 'bullish' like betting on scented oils in a volatile economy.

Opening August 19, the offering lets retail and institutional investors alike roll the dice on India's flavor-and-fragrance sector. Will it bloom like jasmine or wilt like last week's IPO duds?

Pro tip: If the stock tanks, at least your portfolio will smell nice.

Over two decades in speciality ingredients business

Gem Aromatics is a manufacturer of speciality ingredients in India, including essential oils, aroma chemicals, and value-added derivatives, with over two decades of experience. Its client portfolio includes names like Colgate-Palmolive, Dabur, Patanjali, SH Kelkar, Rossari Biotech, and Symrise, among others.

The company operates three advanced manufacturing facilities located in Uttar Pradesh, Dadra and Nagar Haveli, and Gujarat.

Gem Aromatics' revenue from operations increased by 11.38 per cent to Rs 503.95 crore in fiscal 2025 from Rs 452.45 crore in the previous fiscal, and profit ROSE 6.55 per cent to Rs 53.38 crore for fiscal 2025 from Rs 50.10 crore in the preceding financial year.

Motilal Oswal Investment Advisors is the sole book-running lead manager, and KFin Technologies is the registrar to the offer.

Published on August 13, 2025