31 Mar 2023
Assets295.76
Total Income425.09
EBITDA66.19
Profit After Tax44.67
NET Worth179.53
Reserves and Surplus182.36
Total Borrowing89.36
At a glance
Updated 2026-08-24The shares listed at ₹333.10, a 2.49% move from the issue price. Gem Aromatics is a Mainboard IPO with an issue size of ₹451.25 crore, proposed for listing on BSE, NSE. The offer opens on 19th Aug 2025 and closes on 21st Aug 2025. The issue structure includes a fresh issue of ₹175.00 crore and an offer-for-sale component of ₹276.25 crore. The current listing schedule points to 26th Aug 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹451.25 Cr
Fresh issue₹175.00 Cr
Offer for sale₹276.25 Cr
Face value₹2
Price band₹309.00–₹325.00
Allotment22nd Aug 2025
Listing26th Aug 2025
Listing performance
Full performance ↗Issue price₹325.00
Listing price₹333.10
Current price—
Listing gain2.49%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹33.00
GMP / upper price10.15%
Est. listing₹358.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens19th Aug 2025
Closes21st Aug 2025
Allotment22nd Aug 2025
Refund25th Aug 2025
Demat25th Aug 2025
Listing26th Aug 2025
Subscription demand
Full bidding ↗Total30.45×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 46 | ₹14,950 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company and Subsidiary, Krystal Ingredients Pvt.Ltd. | ₹140.00 Cr |
| General Corporate Purposes | ₹22.86 Cr |
| Issue Expenses | ₹31.27 Cr |
| Total | ₹194.14 Cr |
Financials
Full financials ↗31 Mar 2024
Assets368.57
Total Income454.23
EBITDA78.35
Profit After Tax50.10
NET Worth230.55
Reserves and Surplus224.88
Total Borrowing111.13
31 Mar 2025
Assets534.52
Total Income505.64
EBITDA88.45
Profit After Tax53.38
NET Worth283.98
Reserves and Surplus278.26
Total Borrowing222.37
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 18.80% |
| ROCE | 16.02% |
| Debt / Equity | 0.78% |
| RoNW | 18.80% |
| PAT Margin | 10.56% |
| EBITDA Margin | 17.55% |
| Price to Book Value | 5.36 |
Valuation & shareholding
Pre-IPO EPS11.39
Post-IPO EPS10.22
Pre-IPO P/E28.52
Post-IPO P/E31.8
Promoter holding pre75%
Promoter holding post55.06%
Market cap₹1697.71 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company and Subsidiary, Krystal Ingredients Pvt.Ltd. | ₹140.00 Cr |
| General Corporate Purposes | ₹22.86 Cr |
| Issue Expenses | ₹31.27 Cr |
| Total | ₹194.14 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Location
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.