Sacheerome Ltd. launched its initial public offering (IPO) on Monday to raise over Rs 61 crore from the primary market. The company is in the business of manufacturing fragrances and flavours. Those who want to bid for the NSE IPO can check the following details before applying for Sacheerome shares.
Sacheerome IPO: Key Details
The Sacheerome IPO is a book-building issue worth Rs 61.62 crore, comprising entirely a fresh issuance of 60.41 lakh shares.
Retail investors can invest in the IPO by bidding for at least a single lot size of 1,200 shares, requiring an investment of Rs 1,22,400. High Net-Worth Individuals (HNIs) have to bid for a minimum of two lots of 2,400 shares, amounting to an investment of Rs 2,44,800.
The price band for the IPO has been set between Rs 96 and Rs 102 per share.
The company has set aside 11.47 lakh (14.78%) of the net issue size for Qualified Institutional Buyers (QIBs) and 8.61 lakh shares (11.1%) for the Non-Institutional Investors (NIIs). The remaining 20.1 lakh shares (25.9%) have been reserved for the retail investors.
GYR Capital Advisors Pvt. is the book-running lead manager of the Sacheerome IPO. MUFG Intime India Pvt. is the registrar and Giriraj Stock Broking Pvt. is the market maker for the issue.
Sacheerome IPO Key Dates
Sacheerome IPO will remain open for subscription till June 11. Allotment of shares is proposed to be finalised on June 12. Following the finalisation of IPO allotment, the company is scheduled to transfer the shares to the Demat account on June 13. Refunds for non-allottees will also be initiated on the same day.
Sacheerome IPO listing date has been tentatively fixed as June 16. Shares of the company will be listed on the NSE SME platform.
Sacheerome IPO: Day One Subscription Status
The Sacheerome IPO was subscribed 7.42 times on Monday.
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Qualified Institutions: 4.18 times
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Non-Institutional Buyers 7.94 times
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Retail Investors: 9.04 times
*The subscription status will be updated at regular intervals
Sacheerome IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the Sacheerome IPO stood at Rs 30 at 4:30 p.m. on June 9. It indicates the listing of shares at Rs 132 apiece, at a potential premium of 29.41% per share.
Note: GMP does not represent official data and is based on speculation.
Sacheerome Business And Financials
The company is in the business of designing and manufacturing fragrances and flavours. Its products are used in industries such as beverages, bakery and personal care.
Use Of Proceeds
The company will use proceeds from the IPO to set up a new manufacturing facility and for general corporate purposes.
Financials
The company’s profit after tax (PAT) increased 49.8% year-on-year (YoY) to Rs 15.98 crore in FY25 from Rs 10.67 crore in FY24. Revenue from operations rose 26.37% YoY to Rs 107.53 crore in FY25 from Rs 85.09 crore in FY24.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
. Read more on IPOs by NDTV Profit.