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flag Gem Aromatics, a Mumbai essential oils company, launched its IPO aiming to raise INR 451.25 crore.

flag Gem Aromatics, a Mumbai-based specialty ingredients maker, launched its IPO on August 19, 2025, targeting a raise of INR 451.25 crore. flag The company, with over two decades of experience, produces essential oils, aroma chemicals, and derivatives used in oral care, cosmetics, and pharmaceuticals. flag Major clients include Colgate-Palmolive and Dabur. flag 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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