Gem Aromatics IPO GMP at ₹26, Day 2 Subscription 1.35x; Listing on August 26

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Gem Aromatics Ltd’s IPO, open from August 19 to 21, 2025, is getting strong investor response. As per an Economic Times report, the Grey Market Premium (GMP) is ₹26, hinting at a possible listing price of around ₹351, about 8% higher than the upper band of ₹325.

By Day 2 (Aug 20, 10:35 a.m.), the issue was subscribed 1.35 times overall – Retail: 1.53x, QIBs: 1.03x, NIIs: 1.35x.

The IPO size is ₹451.25 crore (Fresh: ₹175 crore, OFS: ₹276.25 crore). The price band is ₹309–₹325 with a lot size of 46 shares, requiring a minimum investment of ₹14,214.

The allotment is expected on August 22 and the listing on August 26 on NSE and BSE.