Mumbai, Aug. 19 -- The initial public offer of Gem Aromatics received bids for 1,00,64,616 shares as against 97,82,363 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (19 August 2025). The issue was subscribed 1.03 times.

The issue opened for bidding on 19 August 2025 and it will close on 21 August 2025. The price band of the IPO is fixed between Rs 309 and 325 per share. An investor can bid for a minimum of 46 equity shares and in multiples thereof.

The offer comprises 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 an offer for sale up to 85,00,000 equity shares aggregating Rs 276 crore at...