Mumbai, Aug. 22 -- The initial public offer of Gem Aromatics received bids for 29,61,15,202 shares as against 97,82,363 shares on offer. The issue was subscribed 30.27 times.

The Qualified Institutional Buyers (QIBs) category was subscribed 55.28 times. The Non-Institutional Investors (NIIs) category was subscribed 45.06 times. The Retail Individual Investors (RIIs) category was subscribed 10.31 times.

The issue opened for bidding on 19 August 2025 and it closed on 21 August 2025. The price band of the IPO is fixed between Rs 309 and 325 per share.

The offer comprised fresh issue of up to 53,84,615 equity shares at the upper price band of Rs 325 and 56,63,430 equity shares at the lower price band of Rs 309 aggregating Rs 175 crore and ...