Saraf and Partners is advising Gem Aromatics Limited in relation to the proposed initial public offering (“IPO”), comprising a fresh issue of equity shares worth up to ₹1750.00 million and an offer for sale upto 8,924,274 equity shares by certain existing shareholders. Gem Aromatics Limited has filed its draft red herring prospectus with SEBI on December 28, 2024. Motilal Oswal Investment Advisors Limited is the book running lead manager to the transaction.

The transaction team was led by partner, Mathew Thomas.

Source: Saraf & Partners’ LinkedIn Page