New Delhi, Aug. 19 -- Gem Aromatics initial public offering (IPO) is all set to open for subscription today, Tuesday, August 19. The mainboard IPO will remain open for bidding till Thursday, August 21.

On August 18, the Mumbai-based essential oil manufacturer raised Rs.135.37 crore from anchor investors ahead of IPO opening. Gem Aromatics has allotted 41,65,383 equity shares - over 41 lakh shares with a face value of Rs.2 each - to anchor investors at a price of Rs.325 per share, the company disclosed in a BSE filing. Leading participants in the anchor round ahead of the IPO included Citigroup Global, Societe Generale, Goldman Sachs, Nippon India, SageOne, Nuvama, and Niveshaay Sambhav Fund.

Established in October 1997, Gem Aromatics Li...