# Everything you need to know about Gem Aromatics IPO

**URL:** https://tradingqna.com/t/everything-you-need-to-know-about-gem-aromatics-ipo/185477
**Category:** IPOs
**Created:** [August 14, 2025, 6:47am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-gem-aromatics-ipo/185477 "2025-08-14T06:47:26Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![hafzee](https://tradingqna.com/user_avatar/tradingqna.com/hafzee/32/29110_2.png) [@hafzee](https://tradingqna.com/u/hafzee)
#### Post date: [August 14, 2025, 6:47am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-gem-aromatics-ipo/185477/1 "2025-08-14T06:47:26Z")

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### About

Gem Aromatics is a Mumbai-based company engaged in the manufacturing of essential oils and aroma chemicals. Founded in 1997, the company serves the global flavour and fragrance industry with a broad range of products. With a focus on quality, compliance, and innovation, Gem Aromatics has established a presence in both domestic and international markets, supplying to clients across the USA, UK, France, and other regions.

### IPO schedule

| Issue open date | 2025-08-19 |
| --- | --- |
| Issue close date | 2025-08-21 |
| UPI mandate deadline | 2025-08-21 (5 PM) |
| Allotment finalization | 2025-08-22 |
| Refund initiation | 2025-08-25 |
| Share credit | 2025-08-25 |
| Listing date | 2025-08-26 |
| Mandate end date | 2025-08-08 |
| Lock-in end date for anchor investors (50%) | 2025-09-21 |
| Lock-in end date for anchor investors (remaining) | 2025-11-20 |

### Financials

| **Financial Year Ended** | **March 2023** | **March 2024** | **March 2025** |
| --- | --- | --- | --- |
| Total Assets | 295.76 | 368.68 | 534.52 |
| Revenue | 425.09 | 454.23 | 505.64 |
| Profit After Tax | 44.67 | 50.1 | 53.38 |

### Issue size

| **Funds Raised in the IPO** | **Amount** |
| --- | --- |
| Overall | ₹451.25 crores |
| Fresh Issue | ₹175 crores |
| Offer for sale | ₹276.25 crores |

### Utilisation of proceeds

| **Purpose** | **INR crores (%)** |
| --- | --- |
| Repayment of outstanding borrowings | 140 (80%) |
| General corporate purposes | |

### Strengths

- Diverse product range with strong domestic and global client relationships
- Modern manufacturing infrastructure and R&D focus
- Strong relationships with prominent clients like Colgate-Palmolive, Dabur, and Patanjali.
- Steady revenue growth in recent financial years

### Risks

- High dependence on a few major customers, especially doTERRA
- Dependence on mint and mint derivatives, accounting for approximately 73% of revenue in FY 2024.
- Ongoing litigation concerning land at the Budaun facility
- No long-term contracts with key customers and suppliers
- Vulnerable to raw material price volatility and regulatory changes