Gem Aromatics IPO Day 1 Update: Subscriptions at 17%, Retail Surge Outpaces Institutional Interest
Today marks the Day 1 of the Gem Aromatics IPO, and here’s how it’s shaping up so far.
By 11:00 AM, the issue has already seen subscription of 17% overall, marking its with 16.84 lakh bids received against an issue size of 97.82 lakh shares. On the other hand retail investors have already grabbed 30% of their allocation, and this counts as not bad for just the first morning!
Meanwhile, non-institutional investors (NIIs) have chipped in modestly at 10%, while qualified institutional buyers (QIBs) are yet to join the race.
All of this unfolds despite a dip in the grey market premium (GMP), hinting that this excitement may be tempered for now.
Curious whether this is a buy signal or a wait-and-watch moment?
Gem Aromatics IPO Day 1: Company And IPO Structure
It is a Mumbai based comoany, Gem Aromatics produces specialty ingredients, and the list includes essential oils, aroma chemicals, and value added derivatives.
- IPO Size: Targeting over Rs 451 crore
- Rs 175 crore to be raised via fresh equity issuance
- Remaining amount through Offer for Sale (OFS) of 85 lakh shares
- Shares offered by current shareholders, including Doterra Enterprises
- Doterra Enterprises holds a 25 percent stake in the company
- Anchor Investment
- Pre IPO Book Built: On August 18, Rs 135.4 crore raised from 13 anchor investors including Citigroup Global, Societe Generale, Goldman Sachs, Nippon India, SageOne, Nuvama, and Niveshaay Sambhav Fund.
Gem Aromatics IPO Day 1 Timeline
- Subscription Window: August 19 to 21, 2025.
- Allotment Date: Expected by August 22, 2025.
- Listing Date: Shares likely to debut on exchanges on August 26, 2025.
Gem Aromatics IPO Grey Market Premium (GMP)
- Currently GMP: Around 9 percent above IPO price (about Rs 353), down from a previous 13 percent.
- Alternate Estimate: IPO Watch reports about 7 percent GMP, reflecting moderate listing potential.
Lead Management
- Book Running Lead Manager: Motilal Oswal Investment Advisors is overseeing the IPO
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