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Gem Aromatics IPO Closes 30.27 Times Subscribed, Allotment Due Today

Proceeds will primarily reduce debt, with allotment expected today followed by a planned August 26 debut.

Gem Aromatics IPO allotment status: Check application, latest GMP & listing date
Gem Aromatics IPO
Gem Aromatics IPO Allotment Status
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Overview

  • The offer drew bids for 29,61,15,202 shares against 97,82,363 on offer, with QIBs subscribed 55.28 times, NIIs 45.06 times, and retail 10.31 times, according to NSE data.
  • The Rs 451.25 crore issue comprised a Rs 175 crore fresh issue and a Rs 276.25 crore offer-for-sale in a price band of Rs 309–325 per share.
  • Anchor investors took 41,65,383 shares at Rs 325 each for Rs 135.37 crore, including allocations to Citigroup Global, Societe Generale and Goldman Sachs.
  • Grey-market premium hovered near Rs 28 per share late Friday, implying an 8–9% indicative listing gain, though such signals are unofficial and not predictive.
  • Refunds and share credits are expected by August 25, listing is tentatively set for August 26 on BSE and NSE, Motilal Oswal is the lead manager and KFin Technologies is the registrar.