GEM Aromatics IPO: The stocks of professional ingredient manufacturers are about to enter the listing space; what are the companies created by the market guru anil Singhvi company
Special ingredients maker Gem Aromatics will debut on Tuesday, August 26 in the secondary market after its initial public offer at Mumbai Company ended last Thursday, with a total subscription total of 30.3 times. ZEE business executive editor Anil Singhvi found the IPO to be reasonably priced, which suggests risk-taking investors are suitable for small listing gains.
This is everything to know Gem aroma:
Editor’s take | Here’s how market guru Anil Singhvi watches gem aromatics
Singhvi identified the following points regarding the secondary market:
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Positive:
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The company’s sponsors are experienced and qualified
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The company has a diverse product portfolio
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It commands a strong customer base in both domestic and foreign markets
Negative:
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The company’s business is seasonal; this requires it to have a large amount of working capital
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The company’s short-term and long-term lending has increased
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In fiscal year 25, the company’s cash flow was negative
Also read: GEM Aromatics IPO subscription 30.45 times; May be allocated today, available on August 26
Gem aromatics IPO
The initial public offering (including quotes worth Rs 17.5 crore in freshly issued acts and quotations worth Rs 276 crore) is open from August 19 to August 21.
According to temporary exchange data, 55.3 and 45.1 times were booked respectively, for the parts prepared for qualified institutional buyers (QIBs) and non-institutional investors (NIIS).
According to the data, the portion of the subscription retained by the Retail Individual Investor (RII) is 10.3 times the equity offered.
Gem aromatic finance
According to the Red Herring prospectus, GEM Aromatics had net profit of Rs 53.4 crore and gross revenue of Rs 505.6 crore for the fiscal year 2024-25.
In the last fiscal year, the company’s net profit was Rs 501 crore and revenue was Rs 36.86 crore.
Gem aromatherapy listed peers
Some of the peers of Secondary Markets Ltd will be Clean Science and Technology, Privi Specialty Chem, Camlin Fine Sciences, Yasho Industries, Sh Kelkar and Company, and Oriental Aromatics.
