The initial public offering (IPO) of fragrance and flavour manufacturer Sacheerome Limited opened to a strong response on Monday, June 9, with an overall subscription of 7.35 times on Day 1. Retail investors led the charge, subscribing to their portion 8.93 times, while Non-Institutional Investors (NIIs) subscribed 7.91 times. The Qualified Institutional Buyers (QIBs) segment was also actively subscribed at 4.18 times.
Sacheerome IPO Details
- IPO Dates: June 9 to June 11, 2025
- Price Band: ₹96–₹102 per equity share
- Lot Size: 1,200 shares
- Minimum Investment: ₹1,22,400 (Retail), ₹2,44,800 (HNIs)
- Issue Size: Fresh issue of 60.4 lakh shares aggregating ₹61.62 crore
- No Offer for Sale (OFS) component
- Allotment Date: June 12, 2025
- Demat Credit Date: June 13, 2025
The IPO comprises a 100% fresh issue, with the company aiming to raise funds for the development of a state-of-the-art infrastructure facility in YEIDA. This includes advanced manufacturing units, R&D and innovation centers, quality and evaluation centers, and training facilities focused on fragrances and flavours. A portion of the proceeds will also go toward general corporate purposes.
About Sacheerome
Sacheerome is a leading B2B manufacturer offering a wide portfolio of fragrances and flavours. It caters to industries including personal care, home care, air care, cosmetics, baby care, fabric care, and food & beverages. The company serves major FMCG clients both in India and internationally and offers products in both liquid and powder forms across multiple application areas.
GMP and Market Sentiment
Though unofficial, the grey market premium (GMP) for Sacheerome IPO is reportedly in the range of ₹30–₹35, indicating a potential strong listing. Investor sentiment has remained upbeat, particularly driven by the company’s unique positioning in the fragrance and flavour manufacturing segment and its focus on innovation-led infrastructure expansion.
Key Stakeholders
- Book Running Lead Manager: GYR Capital Advisors Private Limited
- Registrar: MUFG Intime India Private Limited (Link Intime)
- Market Maker: Giriraj Stock Broking Private Limited
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