Archive · 19 Aug 2025
Patel Retail and Gem Aromatics IPOs Open
Two companies, Patel Retail and Gem Aromatics, are selling shares to the public through IPOs.
Both opened on August 19 and close on Thursday.
Patel Retail shares are priced between ₹237 and ₹255, while Gem Aromatics shares are priced between ₹309 and ₹325.
Before the IPOs, both companies received investments from anchor investors.
Investors buy shares hoping the company grows and the share price increases.
Patel Retail IPO opened August 19 with a price band of ₹237–₹255.
Gem Aromatics IPO opened August 19 with a price band of ₹309-325.
Patel Retail secured ₹43.46 crore from anchor investors.
Gem Aromatics raised ₹135.37 crore from anchor investors.
Both IPOs close on Thursday.
- Who
- Patel Retail and Gem Aromatics.
- What
- Patel Retail and Gem Aromatics IPOs.
- When
- IPOs opened August 19, closing Thursday.
- Where
- Patel Retail operates in tier-III cities and suburban areas; Gem Aromatics is based in India.
- Why
- Patel Retail aims to reduce debt and for working capital; Gem Aromatics plans to repay debt and for general corporate needs.
- Patel Retail IPO Price Range
- ₹237-₹255
- Gem Aromatics IPO Price Range
- ₹309-325
- Patel Retail Anchor Investors
- ₹43.46 crore raised
- Gem Aromatics Anchor Investors
- ₹135.37 crore raised
- Patel Retail IPO Open Date
- August 19
- Gem Aromatics IPO Open Date
- August 19
Sources
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