Latest news with #Sacheerome
Business Standard
16-06-2025
- Business
- Business Standard
NSE SME Sacheerome hits high notes on debut
Shares of Sacheerome were trading at Rs 156.10 on the NSE, a premium of 53.04% compared with the issue price of Rs 102. The scrip was listed at Rs 153, a premium of 50% compared with the initial public offer (IPO) price. The stock was currently up 2.03% over its listing price. The counter hit a high of Rs 159.90 and a low of Rs 145.35. About 28.09 lakh shares of the company changed hands at the counter. Sacheerome's IPO was subscribed 291.11 times. The issue opened for bidding on 9 June 2025 and it closed on 11 June 2025. The price band of the IPO was set at Rs 96-102 per share. The IPO comprised fresh issue of 60,40,800 shares. The company intends to utilize the net proceeds for setting up a new manufacturing facility at Yeida, Gautam Buddha Nagar, Uttar Pradesh and general corporate purpose. Ahead of the IPO, Sacheerome on 6 June 2025, raised Rs 17.53 crore from anchor investors. The board allotted 17,19,600 shares at Rs 102 per share to 8 anchor investors. Sacheerome is engaged in business of creation & manufacturing of fragrance and flavours. Its fragrances portfolio serves segment as personal care & wash, body care, hair care & wash, fabric care, home care, baby care, fine fragrance, air care, pet care, mens grooming, hygiene & wellness and various other industries. The companys flavours offerings are used by in beverage, bakery, confectionery, dairy products, health & nutrition, oral care, shisha, meat products, dry flavours, seasonings and others. As of 31st March 2025, the company had total 158 employees. The company recorded revenue from operations of Rs 10.75 crore and net profit of Rs 15.98 crore for the period ended 31 March 2025.
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Business Standard
16-06-2025
- Business
- Business Standard
Solid listing: Sacheerome shares list at 50% premium, beat IPO GMP forecast
Sacheerome IPO listing price: Shares of fragrances and flavours manufacturer Sacheerome made a solid D-street debut on Monday, May 16, following the completion of its initial public offering (IPO). Sacheerome shares listed at ₹153 per share on the NSE SME, reflecting a premium of ₹51 or 50 per cent over the issue price of ₹102 per share. Sacheerome IPO listing outperformed the grey market estimates. Ahead of their debut on the NSE SME, Sacheerome shares were quoted trading at ₹126 apiece, a premium of ₹24 or 23.53 per cent over the issue price, revealed sources tracking grey market activities. Sacheerome IPO details The public offering of Sacheerome, valued at around ₹61.62 crore, was available for subscription from Monday, June 9, till Wednesday, June 11, 2025. The public offering comprised an entirely fresh issue of 6.04 million equity shares without any offer for sale (OFS) component. Sacheerome IPO was available at a price band of ₹96 per share-₹102 per share and a lot size of 1,200 shares. The SME offering received an overwhelming response from investors, with bids for 1,25,79,60,000 shares against 40,18,800 shares on offer, resulting in an oversubscription of 313 times, according to data available on the National Stock Exchange (NSE). The basis of allotment of Sacheerome IPO shares was finalised on Thursday, June 12, 2025. The company has set the issue price at ₹102 per share. MUFG Intime India (formerly Link Intime) acted as the registrar for the Sacheerome IPO, while GYR Capital Advisors Private Limited served as the sole book-running lead manager. Catch Stock Market Updates Today LIVE Sacheerome IPO objective Sacheerome, as outlined in its Red Herring Prospectus (RHP), will utilise the proceeds from the public offering for setting up a new manufacturing facility at 1459b, Sector-32, Yeida, Gautam Buddha Nagar, UP203209. The company will also use the proceeds for general corporate purposes. About Sacheerome Incorporated in June 1992, Sacheerome specialises in designing and manufacturing fragrances and flavours. Their products cater to diverse industries, including personal care, home care, and food products. The company operates in the B2B FMCG sector, serving leading firms globally. Sacheerome's fragrances and flavours are used in various applications, from cosmetics to beverages and confectionery.
Economic Times
16-06-2025
- Business
- Economic Times
Sacheerome IPO to debut today on NSE SME platform. Here's what GMP indicates
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The SME IPO of Sacheerome , a fragrance and flavour manufacturer, is all set to list on June 16 on the NSE SME platform after a blockbuster response during the subscription window. The Rs 61.62 crore issue was open between June 9 and June 11, and saw heavy demand across investor issue was oversubscribed by 312.94 times, with the non-institutional investors (NIIs) category witnessing an 808.56x subscription. The qualified institutional buyers (QIBs) subscribed 173.15x, while the retail investors (RIIs) subscribed price band was fixed at Rs 102 per share. Ahead of the listing, the company's shares were trading with a grey market premium (GMP) of Rs 24 with an expected listing price pegged at around Rs 126, implying 23% gain per share on IPO was a 100% fresh issue of 60.40 lakh shares, and proceeds will be used primarily for setting up a new manufacturing facility in Greater Noida, and to meet general corporate specializes in creating cosmetic and industrial fragrances, food flavours, and essence extracts for the B2B FMCG company supplies its products across categories like personal care, home care, oral hygiene, beverages, dairy, confectionery, and seasonings. It also exports to the Middle East and African markets, with a headcount of 153 employees as of September Sacheerome reported revenue of Rs 108.13 crore and net profit of Rs 15.98 crore for FY25, marking a 25% and 50% year-on-year IPO was managed by GYR Capital Advisors as the lead manager and MUFG Intime India as the registrar. The listing will be closely watched by investors and analysts alike as a barometer of appetite for quality SME issues in the current market.
Time of India
16-06-2025
- Business
- Time of India
Sacheerome IPO to debut today on NSE SME platform. Here's what GMP indicates
The SME IPO of Sacheerome , a fragrance and flavour manufacturer, is all set to list on June 16 on the NSE SME platform after a blockbuster response during the subscription window. The Rs 61.62 crore issue was open between June 9 and June 11, and saw heavy demand across investor categories. The issue was oversubscribed by 312.94 times, with the non-institutional investors (NIIs) category witnessing an 808.56x subscription. The qualified institutional buyers (QIBs) subscribed 173.15x, while the retail investors (RIIs) subscribed 180.28x. The price band was fixed at Rs 102 per share. Ahead of the listing, the company's shares were trading with a grey market premium (GMP) of Rs 24 with an expected listing price pegged at around Rs 126, implying 23% gain per share on debut. The IPO was a 100% fresh issue of 60.40 lakh shares, and proceeds will be used primarily for setting up a new manufacturing facility in Greater Noida, and to meet general corporate purposes. Sacheerome specializes in creating cosmetic and industrial fragrances, food flavours, and essence extracts for the B2B FMCG sector. The company supplies its products across categories like personal care, home care, oral hygiene, beverages, dairy, confectionery, and seasonings. It also exports to the Middle East and African markets, with a headcount of 153 employees as of September 2024. Financially, Sacheerome reported revenue of Rs 108.13 crore and net profit of Rs 15.98 crore for FY25, marking a 25% and 50% year-on-year growth. The IPO was managed by GYR Capital Advisors as the lead manager and MUFG Intime India as the registrar. The listing will be closely watched by investors and analysts alike as a barometer of appetite for quality SME issues in the current market.
News18
15-06-2025
- Business
- News18
Sacheerome IPO Listing Tomorrow: What Does Latest GMP Signal?
Sacheerome IPO Listing Date: Fragrances and flavours maker Sacheerome is set to make a stock market debut on Monday, June 16. Its shares will be listed on both BSE and NSE. The SME IPO, which was open between June 9 and June 11, received a whopping subscription of 312.94 times subscription. Its allotment was finalised on June 12. The Rs 61.62-crore NSE SME IPO received a whopping 312.94 times subscription, garnering bids for 1,25,76,46,800 shares as against 40,18,800 shares on offer. The retail and NII participation stood at 180.28 times and 808.56 times, respectively. The qualified institutional buyers (QIB) category has received a 173.15 times subscription so far.
