On 18 August, a Mumbai-based essential oil manufacturer, Gem Aromatics, completed its anchor investor round. Ahead of its IPO (Initial Public Offering), the maker of essential oils and aroma chemicals successfully raised Rs 135.37 crores from anchor investors.
According to the information given to BSE by the company through a filing, a total of 41,65,383 or more than 41 lakh equity shares with a face value of Rs 2 a piece are allocated to the anchor investors by Gem Aromatics at an allocation price of Rs 325 per share.
None of the equity shares were allocated to any mutual funds through any schemes out of the total anchor allocation for the public issue. The top investors who participated in the company's anchor round ahead of the IPO are Citigroup Global, Societe Generale, Goldman Sachs, Nippon India, SageOne, Nuvama, and Niveshaay Sambhav Fund.
The top allocations on Monday, 18 August, of the anchor book round of the Gem Aromatics IPO were Nippon India at 22.16%, SageOne at 11.08%, and Nuvama at 7.39%.
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Gem Aromatics IPO details
The IPO will open for public bidding on Tuesday, 19 August 2025 and is scheduled to close on Thursday, 21 August 2025. The company has fixed the prices for the IPO in the range of Rs 309 to Rs 325 per share, with a lot size of 46 shares per lot.
The essential oil manufacturer company Gem Aromatics is offering a book-built issue of a combination of an OFS (Offer For Sale) component of 85 lakh equity shares and a fresh issue of equity shares of up to Rs 175 crore.
The main aim of the company is to repay or prepay certain loans of up to Rs 140 crore. The rest of the funds from the IPO will be used for general corporate purposes.
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Gem Aromatics IPO latest GMP
According to Investorgain data, as of Monday, 18 August, the GMP (Grey Market Premium) stood at Rs 28 per share for the Gem Aromatics IPO. The shares of the company are expected to be listed at Rs 353 a piece with the upper price spectrum of the public issue at Rs 325, marking a premium of 8.62%.
The GMP (Grey Market Premium) is the willingness of investors to pay more for a primary issue in the stock market. According to the GMP history, the premium dropped to its current level of Rs 28 per share on Monday, compared to Rs 35 per share on Sunday, 17 August.
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