Gem Aromatics IPO allotment today: Steps to check allotment status, direct links, latest GMP

Gem Aromatics IPO allotment status

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Gem Aromatics IPO share allotments will likely be finalized by today, August 22. The Rs 451-crore IPO saw strong investor interest during its three days of public bidding.

The maiden public issue of the company, which manufactures specialty ingredients including essential oils, aroma chemicals and value-added derivatives, was subscribed over 30 times its offer size between August 19 and August 21. The price band for the IPO was set at Rs 309-325 per share.

Gem Aromatics IPO GMP:

Ahead of listing, the unlisted shares of the company were trading with a grey market premium (GMP) of 8 percent over the IPO price at Rs 351 apiece, according to data on Investorgain. This is slightly lower than the 9 percent GMP quoted by the site yesterday on the third and final day of bidding.

According to IPO Watch, the unlisted shares of the company were trading with a grey market premium (GMP) of more than 9 percent over the IPO price. The shares are scheduled to list on BSE and NSE on August 26.

IPO applicants can check their Gem Aromatics IPO allotment status on the official website of the registrar, Kfin Technologies. The status will also be available on the websites of stock exchanges BSE and NSE.

Gem Aromatics IPO: How to check allotment status on Kfin Technologies?

• Step 1: Open the link to the official registrar of the issue by clicking on this URL: (https://ipostatus.kfintech.com/)
• Step 2: Select the company from the 'Select IPO' dropdown list.
• Step 3: Fill in details like application number, demat account or PAN number.
• Step 4: Press the 'Submit' button
• Step 5: Your allotment status will be shown in the window.

• Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).
• Step 2: Select the company 'Gem Aromatics' by selecting Equity & SME IPO bid details.
• Step 3: Fill in the necessary details like IPO Application number or PAN details after selecting the company symbol.
• Step 4: Press the 'Submit' button
• Step 5: The allotment status will be shown in the window.

• Step 1: Open the website of Bombay Stock Exchange (BSE).
• Step 2: Click on 'Investors' option.
• Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
• Step 4: Click on 'Application Status Check'.
• Step 5: Select Equity in the issue type.
• Step 6: Fill in the required details including the 'Issue Name'.
• Step 7: Enter PAN number and click on ‘Search’ to view the status.

Also read: Gem Aromatics IPO; a niche play on flavours and fragrances market

The company offers 70 products across four product categories mint and mint derivatives, clove and clove derivatives, phenol, and other synthetic and natural ingredients through its three manufacturing facilities.

Motilal Oswal Investment Advisors is acting as the sole book running lead manager for the Gem Aromatics IPO.