Initial public offer of 13,884,615 equity shares of face value of Rs. 2/- each ("Equity Shares") of Gem Aromatics Limited ("Company") for cash at a price of Rs. 325.00 per equity share (Including a share premium of Rs. 323.00 per equity share) ("Offer Price") Aggregating to Rs. 451.25 crores ("Offer") comprising a fresh issue of 5,384,615 equity shares aggregating to Rs. 175.00 crores by the company ("Fresh Issue") and an offer for sale of 8,500,000 equity shares aggregating to Rs. 276.25 crores by the selling shareholders ("Offer for Sale") comprising 3,234,727 equity shares aggregating to Rs. 105.13 crores by Vipul Parekh, 1,548,873 equity shares aggregating to Rs. 50.34 crores by Kaksha Vipul Parekh, 1,591,400 equity shares aggregating to Rs. 51.72 crores by Yash Vipul Parekh (Each, the "Promoter Selling Shareholder"), and 2,125,000 equity shares aggregating to Rs. 69.06 crores by Doterra Enterprises, SARL ("Investor Selling Shareholder", and together with the promoter selling shareholders, the "Selling Shareholders", and such equity shares, the "Offered Shares").
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
19-Aug-2025
21-Aug-2025
₹ 325.00
₹ 0.00
Minimum Application for shares in Nos : 46.0
Further Multiples of : 46.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
162.86
Motilal Oswal Investment Advisors Ltd
Project Financed through Current Offer
451.25
Post Issue Equity Share Capital
10.45
Issue Price
₹325.00
Projects
Prepayment and or repayment in full or in part of all or a portion of certain outstanding borrowings availed by the company and its subsidiary Krystal Ingredients Pvt Ltd