Gem Aromatics Ltd - IPO

Gem Aromatics Ltd IPO Details

Initial public offer of 13,884,615 equity shares of face value of Rs. 2/- each (Equity Shares) of Gem Aromatics Limited (Company) for cash at a price of Rs. 325.00 per equity share (Including a share premium of Rs. 323.00 per equity share) (Offer Price) Aggregating to Rs. 451.25 crores (Offer) comprising a fresh issue of 5,384,615 equity shares aggregating to Rs. 175.00 crores by the company (Fresh Issue) and an offer for sale of 8,500,000 equity shares aggregating to Rs. 276.25 crores by the selling shareholders (Offer for Sale) comprising 3,234,727 equity shares aggregating to Rs. 105.13 crores by Vipul Parekh, 1,548,873 equity shares aggregating to Rs. 50.34 crores by Kaksha Vipul Parekh, 1,591,400 equity shares aggregating to Rs. 51.72 crores by Yash Vipul Parekh (Each, the Promoter Selling Shareholder), and 2,125,000 equity shares aggregating to Rs. 69.06 crores by Doterra Enterprises, SARL (Investor Selling Shareholder, and together with the promoter selling shareholders, the Selling Shareholders, and such equity shares, the Offered Shares).

Objective of issue

Prepayment and or repayment in full or in part of all or a portion of certain outstanding borrowings availed by the company and its subsidiary Krystal Ingredients Pvt Ltd. General corporate purposes.

Gem Aromatics Ltd Contact Details

Gem Aromatics Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - secretarial@gemaromatics.in

Website - www.gemaromatics.com