Gem Aromatics IPO GMP muted at 8% despite full subscription

Gem Aromatics’ IPO, which opened yesterday, has already been fully subscribed. However, its grey market premium hovers at just 8 per cent above the issue price of Rs 325. For anyone expecting a blockbuster debut, that’s a reality check.

GEM Aromatics IPO subscription status Day 2 (as of 12:30 pm)

• Overall: 1.73x
• Qualified Institutional Buyers (QIBs): 1.17x
• Non-Institutional Investors (RIIs): 1.86x
• Retail Individual Investors (RIIs): 1.97x

The company in focus

Gem Aromatics makes speciality aroma ingredients and essential oils that flow into perfumes, soaps, and FMCG products. With plants in Budaun, Silvassa and Dahej, it straddles both domestic demand and exports. Think of it as a behind-the-scenes supplier to brands you use daily.

More to follow…

Disclaimer: This article was crafted with the aid of artificial intelligence and meticulously reviewed and edited by our human experts to ensure accuracy and provide valuable insights. It's intended for informational purposes only. Please do your own research before making investment decisions.