Sacheerome IPO opens today: Check GMP, price band and other details
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.
Sacheerome's IPO opens on June 9, aiming to raise Rs 61.62 crore through a fresh issue of equity shares, with listing on NSE SME platform tentatively set for June 16. The company, specializing in fragrances and flavors, plans to utilize the IPO proceeds for a new manufacturing facility and general corporate purposes, following a year of revenue growth and profitability.
Tired of too many ads?
Remove Ads
About the company
Tired of too many ads?
Remove Ads
Financial performance
IPO proceeds and utilization
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 GYR Capital Advisors is the book-running lead manager to the issue, while MUFG Intime India (Link Intime) is the registrar.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.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.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.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.: 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
Time of India
28 minutes ago
- Time of India
Prestige Group aims 59% growth in FY26 sales bookings at Rs 27K cr on strong housing demand
Synopsis Prestige Estates anticipates a significant rise in property sales. The company aims for Rs 27,000 crore this fiscal year. This is a 59% increase from the previous year. Sales bookings declined in the last fiscal year due to launch delays. However, strong pricing power boosted average realization. The company plans to launch multiple housing projects across major cities.
Indian Express
29 minutes ago
- Indian Express
Tech YouTuber slams Flipkart after getting used MacBook Pro in sealed box: ‘This isn't a mistake, it's negligence'
Devanshu Dhandhal, a tech YouTuber, recently shared how he had an unpleasant experience with Flipkart, where he was scammed by a seller not once but twice. Revealing details of the incident, Dhandhal called out the seller, who has allegedly been scamming customers since 2023. Dhandhal said it all began when he ordered a MacBook Pro worth Rs 2.6 lakh from Flipkart. However, he reportedly received an old and used model in a sealed Apple box. He requested a replacement and unboxed the laptop at the EKart office, and was shocked to receive an old MacBook again, he said. 'I immediately requested a replacement, and this time I unboxed the product at the EKart office under CCTV, and again the MacBook had smudges and marks so basically not new (second unboxing video attached below). 2 times. 2 wrong deliveries,' he wrote on X. Dhandhal said he reached out to customer support, which initiated a return and offered him compensation of Rs 13,000 and Rs 18,000 when he rejected the offer. 'After a discussion with customer care they started a return and then after 2 days they called me and offered me a compensation of 13K which I rejected, then 18K I rejected again and finally they offered me 10% which I rejected again,' he shared. The YouTuber claimed that Flipkart rejected the return after the negotiation. 'And after all this negotiation they rejected the return. So I called them again and I asked for 10% compensation as it was a lot of hassle by talking to them. And moreover, I was able to clean the marks but the laptop was not new in the first place,' Dhandhal said. He also claimed that the seller has been scamming customers for years. 'Users on LinkedIn, Reddit, YouTube, and X have posted about the same seller since 2023,' he wrote. See the post here: I just got scammed on @Flipkart — not once, but TWICE. So I ordered a ₹2.6 lakh MacBook Pro and got a used, old model inside a sealed Apple box. We filmed the entire open box delivery, you can see that in first attached video. I immediately requested a replacement, and this… — Devanshu Dhandhal (@mrtechpedia) June 8, 2025 Tagging Flipkart, Dhandhal said, '…this isn't a mistake, it's negligence. You are enabling fraud through your platform.' Soon after the post came to light, Flipkart issued an apology and promised to look into the matter. 'We'd never want you to get anything but what you ordered and are extremely sorry about this instance. We want to sort this out for you. Please help us with your order details securely, so we can look into this. Awaiting your response,' the company responded.
Hans India
32 minutes ago
- Hans India
SIP inflows hit all-time high of Rs 26,688 crore in May
New Delhi: Systematic Investment Plan (SIP) inflows reached an all-time high of Rs 26,688 crore in May, from Rs 26,632 crore in April, according to data released by the Association of Mutual Funds in India (AMFI) on Tuesday. The highest-ever inflow of SIP shows that people are investing in mutual funds from a long-term perspective. According to the AMFI data, the number of contributing SIP accounts increased to 8.56 crore in May, from 8.38 crore in the previous month. "Investor preferences are evolving. There's a clear lean toward equity and hybrid funds, driven by long-term growth outlooks and a cautious stance on debt. Retail participation is also surging. The mutual fund revolution is becoming mainstream," said Narender Singh, smallcase Manager and Founder of Growth Investing. The total assets under management (AUM) under SIP rose from Rs 13.90 lakh crore in April to Rs 14.61 lakh crore. SIP AUM was around 20.24 per cent of the total AUM of the mutual fund industry in May --- from 19.9 per cent in April. According to the AMFI data, the SIP stoppage ratio weakened in May. About 59 lakh SIP accounts were closed in May, while SIPs were closed or matured for 43 lakh accounts. The total number of SIP accounts in May was 9.06 crore. 'SIP numbers over Rs 26,000 crore is very encouraging, which implies that the fresh investment preferred route has been SIP than lumpsum,' said Akhil Chaturvedi, Executive Director and Chief Business Officer, Motilal Oswal AMC. Meanwhile, Assets Under Management (AUM) for equity mutual funds rose to Rs 72.2 lakh crore in May, up 4.85 per cent from nearly Rs 70 lakh crore in April. Investors are staying invested, but becoming selective. Equity flows are slowing, debt is stabilising, and hybrid/passive categories are thriving. Market momentum and SIP discipline continue to support AUM growth, said analysts.
