Sacheerome IPO opens today: Check GMP, price band and other details

Synopsis

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.

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.

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.

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.

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