Archive · 21 Aug 2025
Gem Aromatics' IPO Garners 30.27 Times Subscription
Gem Aromatics, a company that makes special ingredients for things like perfumes and soaps, offered shares to the public (IPO).
The IPO was very popular, with many more people wanting to buy shares than were available.
The company planned to raise about Rs 451 crore.
They'll use the money to pay off debts and for general company needs.
Institutional investors were very interested, wanting many shares.
Gem Aromatics' IPO was oversubscribed 30.27 times.
The IPO aimed to raise Rs 451 crore.
QIBs subscribed 55.28 times and non-institutional investors 45.06 times.
The price band was Rs 309 to Rs 325 per share.
Funds will repay debt and cover general corporate purposes.
- Who
- Gem Aromatics
- What
- Gem Aromatics' IPO was oversubscribed.
- When
- The IPO closed on Thursday.
- Where
- Not mentioned.
- Why
- To repay debt and for general corporate purposes.
Investment Aspects
Company Performance
No opposing sides present in the provided articles.
Investment Aspects
Not applicable.
Company Performance
Not applicable.
- IPO Size
- Rs 451 crore
- Price Band
- Rs 309 - Rs 325 per share
- Subscription
- 30.27 times
- QIB Subscription
- 55.28 times
- IPO Includes
- Fresh issues and offer for sale
Sources
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