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Gem Aromatics, a Mumbai essential oils company, launched its IPO aiming to raise INR 451.25 crore.
Gem Aromatics, a Mumbai-based specialty ingredients maker, launched its IPO on August 19, 2025, targeting a raise of INR 451.25 crore.
The company, with over two decades of experience, produces essential oils, aroma chemicals, and derivatives used in oral care, cosmetics, and pharmaceuticals.
Major clients include Colgate-Palmolive and Dabur.
Despite steady growth, analysts suggest the IPO is fully priced, recommending a "Subscribe Long Term" rating due to high valuations and key business risks.
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Gem Aromatics, una compañía de aceites esenciales de Mumbai, lanzó su IPO con el objetivo de recaudar INR 451.25 millones.