Sacheerome IPO Lists at ₹153 on NSE SME with 50% Premium — Full Subscription & Financial Details Inside

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.