&w=3840&q=100)
Sacheerome IPO subscribed 313x; check allotment status, GMP, listing date
Sacheerome IPO allotment status: The basis of allotment of shares for Sacheerome is expected to be finalised today, June 12, 2025. The SME initial public offering (IPO) received a solid response from the investors, with the issue being oversubscribed by over 313 times, according to data available on the National Stock Exchange (NSE). It received bids for 1,25,79,60,000 shares against 40,18,800 shares on offer.
Here's how to check Sacheerome IPO allotment status online:
Once the allotment is finalised, investors can check their allotment status on the official websites of the NSE and MUFG Intime India, the registrar of the issue.
Check Sacheerome IPO allotment status on NSE:
Check Sacheerome IPO allotment status on MUFG Intime India:
Sacheerome IPO grey market premium (GMP) today:
The unlisted shares of Sacheerome were commanding a strong premium in the grey market on Thursday. According to sources tracking unofficial market activities, Sacheerome shares were trading at around ₹142 per share, commanding a grey market premium (GMP) of ₹40 or 39 per cent over the upper band price of ₹102.
Sacheerome IPO details
Sacheerome IPO is an entirely fresh issue of 6.04 million equity shares with no offer for sale (OFS) component. The company has set the price band in the range of ₹96 to ₹102 per share. A retail investor would require a minimum of ₹1,22,400 to bid for one lot or 1,200 shares of Sacheerome IPO (taking the upper end of the IPO price into consideration). The minimum investment required for high net-worth individuals (HNIs) is 2 lots (2,400 shares) amounting to ₹2,44,800.
The SME offering opened for public subscription on June 9, 2025 and closed on June 11, 2025. Shares of Sacheerome are scheduled to make their D-Street debut on Monday, June 16, 2025, by listing on the NSE SME platform.
According to the red herring prospectus (RHP), from the net fresh issue proceeds, the company aims to use ₹56.5 crore for setting up a new manufacturing facility in Gautam Buddha Nagar of Uttar Pradesh. The remaining funds will be used for general corporate purposes.
About Sacheerome
Incorporated in 1992, Sacheerome specialises in creating and manufacturing fragrances and flavours. Its fragrances are used in Personal Care & Wash, Body Care, Hair Care & Wash, Fabric Care, Home Care, Baby Care, Fine fragrance, Air care, Pet Care, Men's Grooming, Hygiene & Wellness and various other industries. Flavours manufactured by Sacheerome are used in Beverage, Bakery, Confectionery, Dairy Products, Health & Nutrition, Oral care, Shisha, Meat Products, Dry Flavours, Seasonings and others. Sacheerome's manufacturing facility is equipped with an annual production capacity of 7,60,000 Kg.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
4 hours ago
- Mint
Oswal Pumps IPO: GMP, subscription status, other key details. Apply or not?
Oswal Pumps IPO: The initial public offering (IPO) of pump manufacturer and distributor, Oswal Pumps Ltd, was launched on Friday and received decent demand from investors. Oswal Pumps IPO is a mainboard IPO. The three-day subscription period of Oswal Pumps IPO began on June 13 and will end on June 17. Oswal Pumps IPO allotment date will likely be June 18, and the IPO listing date is expected to be June 20. The equity shares of the company will be listed on both the stock exchanges - BSE and NSE. The company plans to raise ₹ 1,387.34 crore from the public issue, which is a combination of fresh issue of 1.45 crore equity shares worth ₹ 890 crore, and an offer-for-sale (OFS) component of 81 lakh shares amounting to ₹ 497.34 crore. Oswal Pumps IPO price band is set at ₹ 584 to ₹ 614 per share. The IPO lot size is 24 shares, and the minimum investment amount required by retail investors is ₹ 14,016. IIFL Capital Services, Axis Capital, CLSA India, JM Financial, Nuvama Wealth Management are the book running lead managers of the Oswal Pumps IPO, while MUFG Intime India (Link Intime) is the IPO registrar. Oswal Pumps IPO Here's a look at Oswal Pumps IPO GMO, subscription status, review, other details: Oswal Pumps IPO has been subscribed 42% so far. The public issue received bids for 67.83 lakh equity shares as against 1.62 crore shares on offer, according to data on NSE as on Friday, June 13, the first day of the bidding process. The retail portion was subscribed 45%, while the Non Institutional Investors (NII) category was booked 79%. The Qualified Institutional Buyers (QIBs) portion received 8% subscription so far. Oswal Pumps shares are showing a muted trend in the grey market premium (GMP). According to stock market experts, Oswal Pumps IPO GMP today is ₹ 40 per share. This indicates that Oswal Pumps shares are trading at ₹ 654 apiece in the grey market, which is at a premium of 6.51% to the issue price of ₹ 614 per share. Oswal Pumps is the fastest growing vertically integrated solar pump manufacturer in India, in terms of revenue growth between FY22-FY24. The company has delivered robust Revenue, EBITDA and PAT CAGR of 44%,103% and 134% between FY22-9MFY25 respectively. It currently has an order book of ₹ 1,100 crore and an additional bid pipeline of ₹ 3,200 crore indicating decent growth visibility in the coming years. 'At the upper price band of ₹ 614, on post issue capital basis, the IPO is valued at 9MFY25 annualized P/E and EV/EBITDA multiple of 24.2x and 16.4x respectively, which is at a discount to its closest peer Shakti Pumps. We recommend 'Subscribe' to the issue,' said Nirmal Bang. Rajan Shinde, Research Analyst, Mehta Equities believes Oswal Pumps IPO brings investors an opportunity to invest in a high-growth, vertically integrated player in the solar pump manufacturing space. 'On valuation parse on upper price band of ₹ 614, the issue is asking a market cap of ₹ 6,998 crore. Based on annualized FY25 annualised earnings and fully diluted post-IPO paid up capital, the company is asking for a PE 24.2x which we feel reasonable relative to industry peers which are trading at an average of 42x,' Shinde said. As one of the largest suppliers of solar-powered agricultural pumps under the PM-KUSUM scheme, he believes the company is well positioned to benefit from policy tailwinds and the accelerating shift toward sustainable irrigation solutions. Hence, Shinde recommends investors to subscribe to the Oswal Pumps IPO for long-term perspective. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
8 hours ago
- Business Standard
NTPC to raise Rs 4,000 cr via 10-Year NCDs at 6.89%
NTPC said that its board has scheduled a meeting on 17 June 2025 to raise Rs 4,000 crore through debt securities on a private placement basis. The company plans to issue unsecured non-convertible debentures (NCDs) amounting to Rs 4,000 crore through private placement at a coupon of 6.89% p.a. The debentures will have a tenor of 10 years and 1 day, maturing on 18 June 2035. They are proposed to be listed on National Stock Exchange (NSE). Proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. Meanwhile, the companys Unit3 (660 MW) of North Karanpura Super Thermal Power Project (3x660 MW) declared commercial operation date (COD) with effect from 15 June 2025. NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. As of 31 March 2025, the Government of India held 51.10% stake in the company. The company had reported 23.4% increase in consolidated net profit to Rs 7,611.22 crore on a 4.6% rise in net sales to Rs 49,833.70 crore in Q4 FY25 compared with Q4 FY24. The counter shed 0.43% to end at Rs 332 on Friday, 13 June 2025.
Time of India
18 hours ago
- Time of India
Rakesh Jhunjhunwala family fully exits Nazara Technologies
BENGALURU: The family of late investor Rakesh Jhunjhunwala has fully exited its stake in Nazara Technologies through open market transactions on Friday.. According to stock exchange disclosures, Rekha Rakesh Jhunjhunwala, executor to the estate of late Rakesh Jhunjunwala, sold 27.2 lakh shares, worth Rs 333.8 crore, through bulk deals in the open market executed on both the NSE and BSE. Tired of too many ads? go ad free now Prior to that, the estate sold 17.2 lakh shares of the company stock through June 9th to 12th. With the deals combined, the Jhunjhunwala family no longer holds any stake in the gaming and esports firm. Nazara Technologies, which went public in March 2021, operates across multiple segments including mobile gaming, esports, and gamified learning. The company has expanded its presence beyond India into markets such as North America, the Middle East, and Africa. Jhunjhunwala, who passed away in August 2022, had built a significant position in Nazara Technologies post-IPO. Jhunjhunwala had first put Rs 180 crore in the Mumbai-based company in 2017. Nazara Technologies has completed multiple acquisitions in 2025 so far. In January, it acquired two mobile game titles from ZeptoLab for $7.7 million. In May, it acquired UK-based game publisher Curve Games for Rs 247 crore. During the same month, its subsidiary Sportskeeda acquired two wrestling news platforms from Titan Insider Digital in an all-cash transaction valued at Rs 10.5 crore.
