Market Performance
The Sacheerome IPO made a powerful entry into the stock market on Monday, June 16, by listing at ₹153 on NSE SME. This marked a 50% premium over its issue price of ₹102.
- Listing Price: ₹153
- Issue Price: ₹102
- Listing Premium: 50%
This robust debut reflects strong investor interest in the newly listed SME stock.
Main News
The ₹61.62 Crore Sacheerome IPO was open for subscription from June 9 to June 11, and it concluded on an impressive note.
- Issue Size: ₹61.62 Crore
- IPO Dates: June 9 – June 11
- Total Subscription: 312.94 times
The IPO received bids for 125.76 Crore shares against just 40.18 lakh shares on offer, signaling high investor confidence.
Category-Wise Subscription:
- Retail Investors: 180.28 times
- Non-Institutional Investors (NII): 808.56 times
- Qualified Institutional Buyers (QIB): 173.15 times
The overwhelming demand, especially in the NII and retail categories, highlights the enthusiastic response from various investor segments.
Company Details
Sacheerome’s IPO was a completely fresh issue of 60.41 lakh equity shares with no offer-for-sale component.
- Fresh Issue Size: 60.41 lakh shares
- Minimum Application Size: 1,200 shares
- Minimum Investment (Retail): ₹1.22 lakh
Use of IPO Proceeds:
The raised capital is being used to set up a modern infrastructure facility at YEIDA, which will include:
- Manufacturing Unit
- Research & Innovation Centre
- Quality & Application Centres
- Consumer Evaluation & Perfumery Training Centres
- Administrative Block
- General Corporate Expenses
Issue Management Team:
- Lead Manager: GYR Capital Advisors Pvt Ltd
- Registrar: MUFG Intime India Pvt Ltd (formerly Link Intime)
- Market Maker: Giriraj Stock Broking Pvt Ltd
About the Company
Sacheerome is a specialized B2B player in the fragrance and flavor industry, catering to a wide range of segments.
Fragrance Categories Served:
- Personal Care & Hair Care
- Deodorants, Cosmetics & Fine Fragrances
- Air Care & Home Care Products
- Baby Care, Fabric Care & Men’s Grooming
Flavor Offerings:
Sacheerome provides natural, synthetic, and nature-identical flavors in both liquid and powder forms, tailored for:
- Beverages & Baked Goods
- Confectionery & Dairy Products
- Oral Care, Seasonings & Healthcare
- Nutraceuticals
Its clientele includes several major FMCG players operating both domestically and globally.
Financial Performance
Revenue
- FY23: ₹70.93 Crore
- FY24: ₹86.4 Crore
- Growth: 21.81% YoY
Net Profit
- FY23: ₹5.99 Crore
- FY24: ₹10.67 Crore
- Growth: 78.12% YoY
This significant year-on-year growth in both revenue and profit indicates Sacheerome’s expanding presence in the fragrance and flavor sector.
Summary
The Sacheerome IPO has captured investor attention with its stellar listing at a 50% premium and massive oversubscription of 312.94 times. The ₹61.62 Crore issue received strong demand from retail and non-institutional investors. Backed by a diverse product portfolio and solid financial performance in FY24, the company aims to enhance its capabilities with a new facility at YEIDA. With its robust debut and growing market presence, Sacheerome has made a significant mark in the SME space.
