Sacheerome IPO opens today: Check GMP, price band and other details
The initial public offering (IPO) of
Sacheerome
opens for subscription on June 9 and will remain open until June 11. The SME issue aims to raise Rs 61.62 crore through a fresh issue of 60.41 lakh
equity shares
. The shares will be listed on the NSE SME platform, with a tentative listing date set for June 16.
The IPO is being offered in a
price band
of Rs 96 to Rs 102 per share. The minimum lot size is 1,200 shares, translating into an investment of Rs 1,22,400 for
retail investors
.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Elegant New Scooters For Seniors In 2024: The Prices May Surprise You
Mobility Scooter | Search Ads
Learn More
Undo
GYR Capital Advisors is the book-running lead manager to the issue, while MUFG Intime India (Link Intime) is the registrar.
About the company
Founded in 1992, Sacheerome is engaged in the design and manufacturing of
fragrances and flavors
. Its product range includes cosmetic fragrances, industrial fragrances, perfumes, food additives, and flavoring essences.
Live Events
The company caters to various industries including personal care, home care, air care, pet care, men's grooming, beverages, bakery, confectionery, dairy, and health & nutrition.
Sacheerome exports its products to the Middle East (UAE) and African markets. As of September 2024, the company employed 153 people.
Financial performance
Sacheerome has posted steady growth in revenue and profitability. For the financial year ending March 2025, the company reported revenue of Rs 108.13 crore and a net profit of Rs 15.98 crore, reflecting a 50% growth in profit compared to the previous year.
IPO proceeds and utilization
The company plans to use the IPO proceeds to set up a new
manufacturing facility
in Gautam Buddha Nagar, Uttar Pradesh, and for general corporate purposes.
With its strong R&D capabilities, experienced management team, and efficient sourcing, Sacheerome aims to strengthen its position in the competitive fragrances and flavors market. Investors will be watching closely as the IPO opens today to gauge market sentiment.
(
Disclaimer
: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
29 minutes ago
- Hans India
Odisha becoming industrial powerhouse: CM
Bhubaneswar: Odisha is no longer the minerals hub of India, it is becoming a diversified industrial powerhouse, Chief Minister Mohan Charan Majhi said on Sunday. Majhi made the statement while interacting with industrialists at Lok Seva Bhavan, ahead of the first anniversary of his government. 'Odisha is no longer just a minerals and metals hub. We are becoming a diversified industrial powerhouse, where opportunity flows from port to plant and from cities to every aspirational district,' he said. The State is growing across 20 sectors -- from mining, metallurgy and metal downstream to emerging opportunities in chemicals, food processing, apparel and textiles, he said. Majhi spoke about the measures his government has taken to help industries. 'One year ago, the people of Odisha placed their faith in us to build a future that is inclusive, aspirational and transformative. Today, as we reflect on this first year, we do so with pride, in our progress and renewed commitment to the journey ahead,' he said. Maintaining that his government was focused on job creation, he urged the industrialists to join the journey of making the State an industrial powerhouse. 'Over the last year alone, 206 large projects were approved -- nearly double the average of the previous five years. These represent a total investment value of over Rs 4.5 lakh crore and an employment potential of nearly 2.9 lakh jobs,' he said. 'Since the Utkarsh Odish summit, 56 projects have already been taken up for ground-breaking and inauguration, with a combined investment of over Rs 1.78 lakh crore, and employment potential for Odisha industrial development, Mohan Charan Majhi, minerals to diversified industry, job creation, investment in Odisha, governance and reforms 1.1 lakh people. These numbers reflect not only our speed, but scale and substance,' he added. Attacking the previous Naveen Patnaik-led regime, Majhi said in many ways, his government has achieved more in this one year than the past five years combined through quiet, focused and committed action. In the coming year, he said the government will focus on four key priorities. 'First, the government will bring new policies that unlock emerging sectors and offer global competitiveness. Secondly, the government will expand the State's land bank and industrial infrastructure to meet future demand. Third, we will revamp our single window system and develop a modern, integrated project tracking platform. Fourth, we will work to deregulate and simplify burdensome rules and processes,' he said. He asserted that the next four years will lay the foundation for a prosperous Odisha.
Time of India
31 minutes ago
- Time of India
Opinion: How unsecured lending can revolutionize credit access for women MSME entrepreneurs
One of the most significant obstacles is credit access. (AI image) By Hardika Shah Over the past few decades, India as a nation has increasingly come to recognize the significance of women's participation in the formal economy. In alignment with this shift, the last couple of years have witnessed a rise in women's participation in the workforce. According to the Economic Survey, the Female Labour Force Participation Rate (FLFPR) had increased over the past several years from 23.3% in 2017-18 to 41.7% in 2023-24. However, when it comes to entrepreneurship, the numbers tell a different story. Women own just 22% of all MSMEs, and their share drops to 12% in the small enterprise segment and a mere 7% in medium enterprises. This stark gap isn't due to a lack of ambition or ability. It's largely a result of systemic and financial barriers, with women accounting for 40% of the financing gap in the sector. The issue is clear: without access to adequate funding, many women entrepreneurs struggle to start or scale their businesses. One of the most significant obstacles is credit access. Traditional lending institutions require asset collateral to be pledged against a loan. Yet, in India, property ownership among women remains disproportionately low. According to data from the National Family Health (NFH) Survey, over 57% of women in India do not own a house either independently or jointly. This leaves many aspiring female entrepreneurs with limited options: either rely on informal lenders who charge exorbitant interest rates or forgo their business aspirations altogether. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo Unsecured lending presents a revolutionary solution to this problem by eliminating the collateral requirement. Shifting the narrative from risk to opportunity By shifting the focus from traditional asset-backed lending to alternative models, financial institutions can unlock a massive, underserved market while enabling women-led businesses to thrive. Interestingly, women borrowers have consistently demonstrated lower default rates, challenging the misconception that they pose a higher credit risk. A World Bank study confirmed that women exhibit stronger repayment behavior, a trend echoed in our findings, where women entrepreneurs showed a lower default rate of 3.4% compared to 4.6% for male borrowers. Despite being better borrowers, women entrepreneurs continue to face deeply entrenched biases in the lending ecosystem. Early-stage funding, particularly through loans with small ticket sizes that can be serviced easily, can be a game-changer for these entrepreneurs. The demand for financing among women MSME entrepreneurs is evident, with women accounting for about 68% of the total Mudra loans disbursed. Further, the fall in the aggregate NPA of Pradhan Mantri Mudra Yojana (PMMY) loans from 4.9% in 2019-20 to 3.4% in 2023-24 reinforces that unsecured MSME lending isn't inherently risky, and in fact, collateral-free loans can be a changemaker for the growth of MSMEs. Technology-driven lending models further strengthen this shift and help lenders see women borrowers as a promising segment rather than a high-risk one. AI/ML-based credit assessment systems allow financial institutions to evaluate borrowers based on business performance and cash flow. Recognizing this, the government has announced the development of an alternative credit decisioning model that aims to integrate non-traditional data sources such as transaction history, GST filings, and utility payments into credit assessments. As these innovations gain traction, they will enable a more inclusive lending ecosystem, ensuring women entrepreneurs receive the financial support they need to scale their businesses. Helming a generational shift Access to finance lends agency to women entrepreneurs. When they gain direct access to credit, women take control of their financial decisions, no longer remaining reliant on male family members as guarantors or intermediaries. This independence has transformative effects. According to data from the United Nations, women reinvest up to 90% of their earnings back into their families and communities, amplifying the impact of their success. According to data from the Udyam Registration Portal, women-led MSMEs contribute over 20% of total MSME sector employment in India, playing a crucial role in job creation. The success of women-owned businesses fosters social resilience by challenging gender norms and encouraging more women to pursue entrepreneurship and employment. Our MSME Insights survey (published in March '24) found that women-owned MSMEs that received formal credit created 11% more jobs for women than male-owned businesses, with a third of all new jobs in these enterprises going to women. Women entrepreneurs demonstrated a 14% increase in monthly net income. Towards a more inclusive financial future Access to finance is a foundational step, but it is not enough. Women entrepreneurs also require mentorship, business training, and access to networks to navigate the complexities of scaling a business. Government initiatives like the Women Entrepreneurship Platform and credit schemes such as the Pradhan Mantri Mudra Yojana (PMMY) and the Stand Up India Scheme have made strides in this direction, but more targeted efforts are needed to ensure last-mile accessibility. Digital literacy, in particular, remains a challenge. According to data from GSMA, the mobile usage gender gap in India stands at 30%, which means women are significantly less likely than men to access mobile internet. This disparity limits their ability to leverage digital banking, e-commerce, and online marketing. Bridging this gap through financial literacy programs and digital training can significantly enhance the effectiveness of unsecured lending by ensuring women entrepreneurs can maximize the benefits of formal financing. The impact of supporting women entrepreneurs extends far beyond economic gains. It has the potential to catalyze a generational shift, where more women enter the workforce, pursue higher education, and challenge deeply ingrained societal norms. Financial independence translates into greater decision-making power, not just in business but in all aspects of life. The Government of India has set ambitious targets for economic growth, aiming for a $30 trillion GDP by 2047. Bain & Company estimates that nearly 45% of this growth must come from increased women's workforce participation. If India is to meet these goals, financial inclusion for women entrepreneurs cannot remain a secondary priority, it must be a central pillar of the country's economic strategy. Unsecured lending is a critical tool of empowerment, a catalyst for progress, and a necessary step towards a more equitable and prosperous future. (The author is Founder & CEO, Kinara Capital) Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
34 minutes ago
- Business Standard
Kernex Microsystems hits the roof after JV secures Rs 183-cr KAVACH order from Western Railway
Kernex Microsystems (India) frozen at its upper limit of 5% at Rs 1,292.90 after the company announced that its joint venture, the Kernex-KEC Consortium, has received a letter of acceptance (LoA) worth Rs 182.81 crore from Western Railway. The contract involves the provision of KAVACH Version 4.0 or the latest (formerly known as Train Collision Avoidance System TCAS), including the deployment of a communication backbone based on UHF and OFC on the PalanpurSamakhiyaliGandhidham section under the Ahmedabad Division of Western Railway. The project is valued at Rs 182.81 crore and is scheduled to be executed within 730 days. Kernex holds a 70% stake in the consortium. Kernex Microsystems (India) is engaged in the manufacture and sale of safety systems and software services for railways. The company's consolidated net profit surged 358.2% to Rs 32.59 crore on an 829.9% rise in total income to Rs 83.69 crore in Q4 FY25 over Q4 FY24.
