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Gem Aromatics IPO Subscription Status

Gem Aromatics IPO was subscribed 30.45 times when bidding closed on 21 Aug 2025: QIB 53.76x, NII 45.96x, Retail 10.49x.

The Gem Aromatics IPO has been subscribed 30.45x times overall. Retail investors have shown interest with bids for 10.49x the shares available. The Non-Institutional Investor (NII) category has been subscribed 45.96x. Within NII, Big HNI (B-HNI) subscribed 48.48x and Small HNI (S-HNI) subscribed 40.91x. Qualified Institutional Buyers (QIBs) have subscribed 53.76x. Data last updated on 10 Nov, 01:05 AM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 19 Aug, 2025 and closes on 21 Aug, 2025. The shares are expected to list on stock exchanges on 26 Aug, 2025.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 10 Nov 2026, 01:05 AM
Category Bid details Times
QIB - of - - 53.76x
NII - of - - 45.96x
bHNI — bid amount above ₹10 Lakh
- - 48.48
sHNI — bid amount ₹2–10 Lakh
- - 40.91
Retail - of - - 10.49x
TOTAL - 10,36,211 applications - 30.45x
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Gem Aromatics IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹325.

Applications
10,36,211
Allottees
1,08,952
Overall odds
1 out of 9
Amount collected
₹9,726 Cr
Category Apps Got Odds
TOTAL 21.55x subscribed 10,36,211 1,08,952 1 out of 9

Gem Aromatics IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
1 out of 10
~9.5% chance per PAN — based on 10.49x subscription. Winners get exactly 1 lot (₹14,950) by SEBI lottery, however many lots you bid.
Small HNI (₹2–10 L)
1 out of 41
~2.4% chance — based on 40.91x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.
Big HNI (above ₹10 L)
1 out of 48
~2.1% chance — based on 48.48x subscription. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
53.76x
Proportionate allotment — at 53.76x, institutions receive ~1.9% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 9.5% for a single lot.

Institutional Backing

Massive institutional interest with QIBs subscribing 53.76x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date Total
21 Aug 2025
Day 3
30.45x ▼
QIB53.76x BHNI48.48x SHNI40.91x Retail10.49x
20 Aug 2025
Day 2
2.9x ▼
QIB1.54x BHNI2.9x SHNI6.05x Retail3.19x
19 Aug 2025
Day 1
1.03x ▼
QIB1.05x BHNI0.67x SHNI1.29x Retail1.09x

Gem Aromatics IPO dates

From the bidding window to listing. Today is 10 November.

Key dates Listed
  1. Open 19 Aug 2025
  2. Close 21 Aug 2025
  3. Allotment 22 Aug 2025
  4. Refund/credit 25 Aug 2025
  5. Listing 26 Aug 2025

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

Anchor Investor Amt (₹ cr.) % Allocated
NIPPON INDIA EQUITY OPPORTUNITIES AIF - SCHEME 7 ₹30.00 Cr 22.16%
SAGEONE-FLAGSHIP GROWTH OE FUND ₹15.00 Cr 11.08%
SAGEONE - FLAGSHIP GROWTH 2 FUND ₹10.00 Cr 7.39%
NUVAMA MULTI ASSET STRATEGY RETURN FUND ₹10.00 Cr 7.39%
SANSHI FUND-I ₹10.00 Cr 7.39%
LC PHAROS MULTI STRATEGY FUND VCC-LC PHAROS MULTI STRATEGY FUND SF1 ₹10.00 Cr 7.39%
NIVESHAAY SAMBHAV FUND ₹10.00 Cr 7.39%
NEGEN UNDISCOVERED VALUE FUND ₹10.00 Cr 7.39%
INSIGHTFUL FLEXICAP FUND ₹5.06 Cr 3.74%
CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD. ₹5.06 Cr 3.74%
SOCIETE GENERALE-ODI ₹5.06 Cr 3.74%
SHINE STAR BUILD-CAP PVT.LTD. ₹5.06 Cr 3.74%
ASTORNE CAPITAL VCC-ARVEN ₹5.06 Cr 3.74%
GOLDMAN SACHS INVESTMENTS (MAURITIUS) I LTD. ₹5.06 Cr 3.74%
TOTAL ₹135.36 Cr 100.02%
View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Gem Aromatics IPO?

As of IPO close date (21 Aug, 2025), the Gem Aromatics IPO is subscribed 30.45x times. Retail category is 10.49x, and NII is 45.96x subscribed.

When is the allotment date for Gem Aromatics IPO?

The allotment for Gem Aromatics IPO is expected to be finalized on 22 August, 2025.

What is the GMP of Gem Aromatics?

The Grey Market Premium (GMP) for Gem Aromatics is currently ₹25, indicating a potential listing gain of 8%.

When will Gem Aromatics IPO list on the stock market?

Gem Aromatics is scheduled to list on BSE and NSE on 26 August, 2025.

What are the chances of getting allotment in Gem Aromatics IPO?

The retail category is oversubscribed at 10.49x, meaning allotment is by lottery. Statistically, approximately 1 in 11 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 53.76x mean for Gem Aromatics IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 53.76x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Gem Aromatics IPO allotment status?

After the allotment date (22 Aug, 2025), you can check your Gem Aromatics IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
30.45x
QIB
53.76x
NII
45.96x
bHNI
48.48x
sHNI
40.91x
Retail
10.49x
Full IPO details
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