Latest news with #Sacheerome
Time of India
12 hours ago
- Business
- Time of India
Sacheerome IPO booked 17 times on Day 2 so far, GMP points to 29% listing pop
Sacheerome's initial public offering (IPO) continued to attract robust demand on its second day, with overall subscription reaching 16.49 times by 12:30 pm Tuesday, June 10. Backed by strong interest from retail and high net-worth individuals, the SME issue's grey market premium (GMP) was at Rs 30 on day 2 of bidding, suggesting a likely listing price of Rs 132 per share, 29.4% higher than the upper end of the Rs 96–102 price band. The retail portion was subscribed 18.62 times, while the Non-Institutional Investor (NII) category saw a 27.92 times subscription. The Qualified Institutional Buyer (QIB) segment lagged slightly at 4.18 times. IPO structure and timeline The Rs 61.62 crore offering comprises a fresh issue of 60.41 lakh shares. With a minimum application size of 1,200 shares, retail investors are required to invest at least Rs 1,22,400. The IPO, which opened on June 9, will close on June 11. The allotment is expected to be finalised on June 12, with the shares slated to list on the NSE SME platform on June 16. GYR Capital Advisors is the book-running lead manager, while MUFG Intime India (Link Intime) is the registrar. Growth story and export markets Founded in 1992, Sacheerome manufactures fragrances and flavours used across industries such as personal care, home care, air care, pet care, men's grooming, and food. The company exports to the UAE and African markets and had 153 employees as of September 2024. Financial snapshot and expansion The company reported Rs 108.13 crore in revenue and a net profit of Rs 15.98 crore in FY25, up 50% from the previous year. Also read | Oswal Pumps sets price band for Rs 1,387 crore IPO The IPO proceeds will be used to set up a new manufacturing facility in Gautam Buddha Nagar, Uttar Pradesh, and for general corporate purposes. With 'strong R&D capabilities, an experienced management team, and efficient sourcing,' Sacheerome aims to expand its footprint in the competitive fragrances and flavours industry. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
12 hours ago
- Business
- Economic Times
Sacheerome IPO booked 17 times on Day 2 so far, GMP points to 29% listing pop
Sacheerome's initial public offering (IPO) continued to attract robust demand on its second day, with overall subscription reaching 16.49 times by 12:30 pm Tuesday, June 10. ADVERTISEMENT Backed by strong interest from retail and high net-worth individuals, the SME issue's grey market premium (GMP) was at Rs 30 on day 2 of bidding, suggesting a likely listing price of Rs 132 per share, 29.4% higher than the upper end of the Rs 96–102 price band. The retail portion was subscribed 18.62 times, while the Non-Institutional Investor (NII) category saw a 27.92 times subscription. The Qualified Institutional Buyer (QIB) segment lagged slightly at 4.18 times. The Rs 61.62 crore offering comprises a fresh issue of 60.41 lakh shares. With a minimum application size of 1,200 shares, retail investors are required to invest at least Rs 1,22,400. The IPO, which opened on June 9, will close on June allotment is expected to be finalised on June 12, with the shares slated to list on the NSE SME platform on June 16. GYR Capital Advisors is the book-running lead manager, while MUFG Intime India (Link Intime) is the registrar. ADVERTISEMENT Founded in 1992, Sacheerome manufactures fragrances and flavours used across industries such as personal care, home care, air care, pet care, men's grooming, and food. The company exports to the UAE and African markets and had 153 employees as of September 2024. ADVERTISEMENT The company reported Rs 108.13 crore in revenue and a net profit of Rs 15.98 crore in FY25, up 50% from the previous year. Also read | Oswal Pumps sets price band for Rs 1,387 crore IPO ADVERTISEMENT The IPO proceeds will be used to set up a new manufacturing facility in Gautam Buddha Nagar, Uttar Pradesh, and for general corporate purposes. With 'strong R&D capabilities, an experienced management team, and efficient sourcing,' Sacheerome aims to expand its footprint in the competitive fragrances and flavours industry. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
News18
16 hours ago
- Business
- News18
Sacheerome IPO Day 2: Check Subscription Status, GMP Today
Last Updated: Unlisted shares of Sacheerome Ltd are currently trading at Rs 132 apiece in the grey market, which is a 29.41% premium or GMP over the IPO price of Rs 102. Sacheerome IPO Day 2: The initial public offering of fragrances and flavours maker Sacheerome Ltd, which was opened for public subscription on June 9, has so far received decent subscription. Till 10:14 am on the second day of bidding on Tuesday, the Rs 102-crore NSE SME IPO received a 10.61 times subscription, garnering bids for 4,26,51,600 shares as against 40,18,800 shares on offer. The retail and NII participation stood at 11.90 times and 16.17 times, respectively. The qualified institutional buyers (QIB) category has received a 4.18 times subscription so far. Sacheerome Limited, founded in June 1992, designs and manufactures fragrances and flavours for B2B FMCG clients in India and globally. Its fragrances cater to sectors like personal care, home care, and wellness, while its flavours serve beverages, bakery, dairy, nutrition, oral care, and more. The three-day IPO will be closed on June 11. It received a 7.46 times subscription on the first day of bidding on Monday. Sacheerome IPO Price The price has been fixed at Rs 102 apiece. Sacheerome IPO Lot Size The minimum lot size for an application is 1,200. The minimum amount of investment required by retail investors is Rs 1,22,400. The bidding can be done in multiple of 1,200. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Shares of Sacheerome Ltd are scheduled to be listed on the NSE's SME platform on June 16. The Sacheerome IPO, which is a bookbuilding of Rs 61.62 crore, is entirely a fresh issue of 60.41 lakh shares. The public offer opened for subscription on June 9, 2025, and will close on June 11, 2025. The allotment for the Sacheerome IPO is expected to be finalised on Thursday, June 12, 2025. It will be list on the NSE SME with a tentative listing date fixed as Monday, June 16, 2025. The Sacheerome IPO price band has been fixed at Rs 102 per share. GYR Capital Advisors Private Limited is the book-running lead manager of the Sacheerome IPO, while MUFG Intime India Private Limited ((Link Intime) is the registrar for the market maker for Sacheerome IPO is Giriraj Stock Broking Private Limited.
Time of India
2 days ago
- Business
- Time of India
Sacheerome IPO sees strong subscription on Day 1. Check GMP, other details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Sacheerome's IPO, which opened for subscription today, got off to a healthy start, receiving an overall subscription of 2.35 times. The Rs 61.62 crore issue, offering 60.41 lakh shares, attracted significant interest from retail investors, though the response from institutional investors remained to exchange data, the retail investor portion saw a subscription of 3.68 times on Day 1 so far, receiving bids for 74.51 lakh shares against the 20.1 lakh shares on offer. The strong retail participation indicates investor confidence in Sacheerome's non-institutional investors (NII) have also bid strongly for 20 lakh shares, translating into a subscription of 2.36 times against the 8.61 lakh shares allocated for them. The qualified institutional buyers (QIB) portion saw muted traction. Sacheerome IPO GMPAccording to analysts, Sacheerome IPO's last GMP was Rs 30, indicating a premium of just over 29% compared with the issue IPO is being offered at a price band of Rs 96 to Rs 102 per share. Retail investors can apply for a minimum lot size of 1,200 shares, requiring an investment of Rs 1.22 lakh. For HNIs, the minimum application size is 2,400 shares worth Rs 2.44 incorporated in 1992, is engaged in the design and manufacturing of fragrances and flavours used in diverse sectors such as personal care, home care, beverages, and bakery products. The company exports to markets in the Middle East and Africa, which is a key part of its growth Capital Advisors is the lead manager, while MUFG Intime India (Link Intime) is the registrar. The IPO will remain open for bidding until June 11.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
2 days ago
- Business
- Time of India
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)
