The IPO, which opened on August 19 and closed on August 21, was subscribed 30.45 times overall. Qualified Institutional Buyers (QIBs) led the demand with 53.76 times subscription, followed by Non-Institutional Investors (NIIs) at 45.96 times, and Retail Investors at 10.49 times.
The IPO consisted of a fresh issue of Rs 175 crore and an offer for sale of Rs 276.25 crore. Price band was fixed at Rs 309 to Rs 325 per share.
Investors can check their allotment status using the following methods:
1. Registrar’s Website
Visit KFinTech IPO Allotment page (https://ipostatus.kfintech.com/)
Select Gem Aromatics from the drop-down menu.
Enter your PAN, application number, or DP/Client ID to view allotment details.
Go to NSE IPO Allotment page
Select Equity
Choose Gem Aromatics
Enter your application number and PAN.
Gem Aromatics, a leading manufacturer of specialty ingredients including essential oils, aroma chemicals, and value-added derivatives, reported a 11% rise in revenue and 7% growth in profit after tax in FY25. Its product portfolio serves sectors ranging from oral care and nutraceuticals to wellness and personal care, with exports to 18 countries.
Once the allotment is finalised, successful investors will see shares credited to their demat accounts by August 25, while refunds will be processed on the same day.